youtube

“YOUTUBE”, HISTORY AND CREATION

History of Youtube

Last Updated on April 30, 2020

AIM 

Its main aim was to make everyone accessed, search and upload videos easily anywhere anytime. 

FOUNDERS 

▪ Founded in the year 2004, by three former employees of PayPal Chad Hurley, Steve Chen and Jawed Karim. 

▪ The idea came up as they were getting difficult to find the videos on the internet, which led a thought of introducing an easy and efficient site for every user. 

▪ The concept was inspired by Wardrobe malfunction and tsunami hit in the Indian ocean. 

What made it a global success? 

★ ‘Google’ played one of the major roles in the success of youtube, It saw a massive change in the thought of creation. By this Google bought Youtube in the year 2006 for $1.2 billion.

★ In the year 2005, the early version of Youtube was launched i.e on valentine’s day.

★ Officially, on December 2005 it had been launched in the globe.

★ The first video was launched by the founder Jawed Karim on May a 19-sec clip.

★ Most went viral video was of the Brazillian football player ‘Ronaldinho’ receiving a pair of 

Golden Boots. Company Nike played a major role. 

Some major dates which turned it rapidly. 

❖ July 2007 – Partnership with CNN to host a presidential debate.

❖ April 2009 – Wins ‘Peabody’ award and launches Vivendi Music Video Services VEVO.

❖ 2011- Shares footage of Arab spring move for Democracy.

❖ July 2012 – Olympics streamed for the first time.

❖ December 2012 – ‘Gangnam style’ becomes first to hit 1 billion views.

❖ March 2013 – Reached 1 billion monthly visitors. 

Important facts: 

➢ It started a deal with NBC in 2006, to enter into the digital world.

➢ Youtube launched a partner program to get people paid for viral content.

➢ Soon, A baby’s viral video made family $1,50,000 in 2007.

➢ In the year 2007, google started making money through advertisements.

➢ In 2009, it became mainstream, countries started official congressional channels.

➢ Started renting movies in 2010 and live broadcasting in 2011.

➢ Its revenue in 2019 was $15 billion.

➢ It is estimated to be worth $160 billion.

➢ Indian channel ‘T-Series’ gets in first with 133 million subscribers followed by ‘Pew Die Pie’.

➢ ‘Despacito’ is the most viewed video with 6.5 billion as of today. 

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