YouTube has announced today that it will be enabling a revenue share system:

"Chad Hurley, co-founder of YouTube, said Saturday that the wildly successful site will start sharing revenue with its millions of users.

Hurley, who along with the site’s co-founders sold YouTube to Google for $1.65 billion in November, said one of the major innovations the site is working on is a way to allow users to be paid for content.

‘We are getting an audience large enough where we have an opportunity to support creativity, to foster creativity through sharing revenue with our users,’ Hurley said at the World Economic Forum. ‘So in the coming months, we are going to be opening that up.’ " [Source]

Does this have something to do with the YouTube deals? (Google, Warner Music, Verizon, NBC, etc) How content will be syndicated? To identify material that is copyright? Or to simply bump up the marketing hype and make YouTube even more viral than it already is.

So, my question, being in the Entertainment industry - what constitutes original content? What is the line for ‘parody’ or fair use? I know already networks take different stances on it. I’ve even been thanked by the WB for my videos, while had one from another network stripped. So, how will this change the system?

Via digg ; Tags: , , , , , , , , , ,