NBC and News Corp unveil YouTube rival

Posted on Friday, Mar 23 2007 @ 00:55 CET by Thomas De Maesschalck
Media firms News Corp and NBC Universal have unveiled a new YouTube competitor.
Traditional media companies have been rumored for months to be planning some type of joint online video service to reach a new generation of viewers who are as likely to spend their time in front of computers as television screens.

When asked about the "YouTube killer" service at a conference earlier in March, Peter Levinsohn, president of News Corp.'s Fox Interactive Media, said: "We certainly aren't describing it as such. If they do, MySpace will be a huge beneficiary of that."

The new venture, which could launch this summer, had tried to woo Viacom Inc. because its MTV Networks appeals to younger viewers, the L.A. Times said.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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