It's Official: YouTube Dips Into Pockets Again to Fund New Web Videos
Posted in: UncategorizedGoogle’s YouTube is reaching into its pockets again to develop more high-polish original web programming, all the better to attract viewers and big brand advertisers.
The online video-sharing service is investing in its top talent to fund new content, Alex Carloss, head of YouTube Originals, said in a blog post yesterday, making official an expected return to paying for quality content. The plan, for an undisclosed amount of spending by Mountain View, Calif.-based Google, follows an about $100 million effort begun in 2011.
Google is bolstering its spending on YouTube as it seeks to become a stronger competitor to traditional TV and digital upstarts such as Netflix and Hulu. The company has already built studios with video equipment in cities such as Tokyo and London and paid for marketing campaigns for popular YouTube stars such as fashion icon Bethany Mota. YouTube introduced new ad tools earlier this year.