YouTube's $100m investment in original programming
California - Arabstoday
Video-sharing website YouTube plans to invest $100m in professional production companies producing YouTube-only content beginning this month. Within a few years, online video will contribute 90% to all online traffic; and by 2020, the web will give birth to 75% of all media channels, said YouTube VP of Global Content Robert Kyncl, calling the web a vehicle for distribution.
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Moscow - TASS
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