News: The major TV networks or their parent companies reportedly (according to WSJ) are considering developing their own joint video site to compete with YouTube. Nothing’s definite yet, but at least there have been discussions.
Rick Aristotle Munarriz has doubts about such a venture’s likelihood of success, if attempted, in a wonderfully written article in the Motley Fool. One of the main criticisms is that the TV networks will have a hard time competing with truly user-created content or user-generated buzz for viral videos. The TV networks will be more of a top-down-approach, transplanting parts of their TV shows online, probably with ads that annoy users. But YouTube is more about mash-up, letting users do pretty much what their little hearts desire.
Analysis: Although I share the Motley Fool’s skepticism, I have to say that, in principle, I support the general idea of competition and letting the TV networks put out their own video website. They may be slow to the game, but they have a right to play. Let’s hope they give the fans (meaning users) something they really want.