San Bruno (ip-192.com): Google's YouTube service hits 2 billion views per day. After 5 years in existence, the service is available in over 200 countries. YouTube now supports High Definition and 3D. With 2 billion pageviews per day, the service reaches almost twice as many viewers as all three major U.S. television networks combined. While advertising revenue tripled in 2009, the video-sharing service service still doesn’t turn a profit.
Created by Chad Hurley, Steve Chen and Jawed Karim in February 2005, YouTube, LLC was bought by Google Inc. in November 2006 for $1.65 billion. The San Bruno based company uses technology based on Adobe's Flash to display user generated video content. Some news corporations including BBC and CBS use the service as well.
YouTube started with $11.5 million in venture capital as a site for tech-savvy video bloggers above a pizzeria in San Mateo. The first content was uploaded on April 23, 2005 and shows founder Jawed Karim at San Diego Zoo. After a public beta in May 2005, YouTube officially launched its service in November 2005. By July 2006, the company announced that users uploaded more than 65,000 new videos every day. At the time, the site registered 100 million video views per day.
YouTube is now the dominant video content provider in the U.S. It is estimated that 24 hours of new videos are uploaded to the site every minute, and that around three quarters of the material comes from outside the United States. The site is also used by broadcasters and Hollywood studios to reach a huge international audience.
"Whether you were an aspiring filmmaker, a politician, a proud parent, or someone who just wanted to connect with something bigger, YouTube became the place where you could broadcast yourself," says YouTube in a retrospective posted here. "We bring feature films from Hollywood studios and independent filmmakers to far-flung audiences. Activists document social unrest seeking to transform societies, and leading civic and political figures stream interviews to the world."
In a YouTube Five Year channel, people from around the world tell the audience how the service impacted their life. YouTube did also ask scientists and journalists like Vint Cerf and Katie Couric to develop a showcase with their favorite videos.
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