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Steve Chen: YouTube Launching Live Video This Year

By Chris V. Thangham     Feb 29, 2008 in Internet
YouTube co-founder Steve Chen has confirmed his company will bring live video streaming to life this year. Chen said YouTube wanted to do this for a long time, and with Google’s resources, live video will become a reality a soon.
Live video is popular on certain sites like Justin.TV, Ustream.TV and others. Many people have asked YouTube when they will be bringing a live stream option, but YouTube has been hesitant. The company has said it wants to perfect the technology before they release it. It now seems like it's soon to be a reality, as YouTube has confirmed it will be available soon.
Pop17 videoblogger Sarah Meyers interviewed YouTube's Steve Chen at a YouTube party and asked him when they will be bringing live video to YouTube. Chen replied: 2008. We’ll do it this year…Live video is just something that we’ve always wanted to do, we’ve never had the resources to do it correctly, but now with Google, we hope to actually do it this year.”
Google has enough servers and the company has also invested in underwater fiber cables recently that will connect Japan and the U.S., so they will be able to meet the increased demand for live streaming technology.
If major news broadcasters work with Google, they will also be able to broadcast news live on YouTube to a wide audience. The service will really help in breaking news situations, so viewers can watch online or via mobile phones.
Yahoo launched its live video service earlier this month, but according to ReadWriteWeb, they weren’t that successful.
Live video has so many potential uses; it can work well for live sports and athletic events, concerts (pay-per-view) and so on.
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