Dubai Telegraph - YouTube, the online video powerhouse, turns 20

EUR -
AED 3.785611
AFN 76.513518
ALL 99.343037
AMD 408.560811
ANG 1.860888
AOA 942.531174
ARS 1088.399729
AUD 1.64208
AWG 1.855173
AZN 1.75542
BAM 1.954769
BBD 2.084813
BDT 125.333906
BGN 1.956217
BHD 0.388519
BIF 3056.824271
BMD 1.030651
BND 1.397706
BOB 7.153228
BRL 5.965826
BSD 1.032547
BTN 90.185067
BWP 14.291191
BYN 3.37908
BYR 20200.769333
BZD 2.074009
CAD 1.477176
CDF 2957.969262
CHF 0.939418
CLF 0.025834
CLP 991.373151
CNY 7.529167
CNH 7.533758
COP 4262.77459
CRC 526.027885
CUC 1.030651
CUP 27.312265
CVE 110.66624
CZK 25.07214
DJF 183.869656
DKK 7.459562
DOP 64.257838
DZD 139.635364
EGP 51.816522
ERN 15.459772
ETB 134.958666
FJD 2.385288
FKP 0.848831
GBP 0.833668
GEL 2.8704
GGP 0.848831
GHS 15.973006
GIP 0.848831
GMD 73.686073
GNF 8924.77978
GTQ 7.969797
GYD 216.238067
HKD 8.029373
HNL 26.3154
HRK 7.605742
HTG 135.057854
HUF 404.735828
IDR 16877.948908
ILS 3.697049
IMP 0.848831
INR 89.546042
IQD 1352.605659
IRR 43377.545448
ISK 146.62069
JEP 0.848831
JMD 163.15068
JOD 0.731147
JPY 156.509066
KES 133.108476
KGS 90.130556
KHR 4147.756638
KMF 492.497176
KPW 927.586461
KRW 1497.706678
KWD 0.318348
KYD 0.860485
KZT 524.584894
LAK 22441.048467
LBP 92462.805098
LKR 306.467227
LRD 203.55354
LSL 19.027836
LTL 3.043246
LVL 0.623431
LYD 5.070196
MAD 10.352898
MDL 19.421508
MGA 4873.111119
MKD 61.54151
MMK 3347.515858
MNT 3502.153896
MOP 8.28541
MRU 41.168034
MUR 48.440378
MVR 15.876788
MWK 1790.375623
MXN 21.258661
MYR 4.606946
MZN 65.854214
NAD 19.02802
NGN 1547.73989
NIO 37.996461
NOK 11.557556
NPR 144.43057
NZD 1.82518
OMR 0.396799
PAB 1.031566
PEN 3.824725
PGK 4.209844
PHP 59.948356
PKR 288.202755
PLN 4.187365
PYG 8138.565254
QAR 3.752573
RON 4.977635
RSD 117.085144
RUB 99.586224
RWF 1447.226964
SAR 3.865093
SBD 8.712808
SCR 15.508559
SDG 619.421731
SEK 11.261578
SGD 1.397414
SHP 0.848831
SLE 23.447057
SLL 21612.246475
SOS 590.055623
SRD 36.241846
STD 21332.405102
SVC 9.035046
SYP 13400.530743
SZL 19.02124
THB 35.127706
TJS 11.259272
TMT 3.60728
TND 3.294963
TOP 2.413889
TRY 37.124505
TTD 7.011139
TWD 33.822375
TZS 2649.987388
UAH 42.965613
UGX 3791.000855
USD 1.030651
UYU 44.86634
UZS 13383.009489
VES 62.320904
VND 26255.846875
VUV 122.361015
WST 2.886676
XAF 656.234925
XAG 0.032189
XAU 0.000352
XCD 2.785387
XDR 0.790542
XOF 656.241295
XPF 119.331742
YER 256.580914
ZAR 18.995206
ZMK 9277.097854
ZMW 28.884653
ZWL 331.869361
  • RBGPF

    64.8500

    64.85

    +100%

  • SCS

    0.3300

    11.69

    +2.82%

  • NGG

    -0.0500

    61.49

    -0.08%

  • AZN

    0.6700

    72.66

    +0.92%

  • GSK

    0.4300

    36.47

    +1.18%

  • CMSC

    0.0450

    23.415

    +0.19%

  • RIO

    0.3000

    62.25

    +0.48%

  • CMSD

    0.0700

    23.82

    +0.29%

  • BTI

    0.5400

    42.3

    +1.28%

  • RELX

    0.5700

    50.56

    +1.13%

  • BCC

    -0.0200

    123.26

    -0.02%

  • BCE

    0.3700

    22.51

    +1.64%

  • RYCEF

    0.0200

    7.57

    +0.26%

  • VOD

    0.0000

    8.57

    0%

  • JRI

    0.0300

    12.84

    +0.23%

  • BP

    2.1500

    34.42

    +6.25%

YouTube, the online video powerhouse, turns 20
YouTube, the online video powerhouse, turns 20 / Photo: Lionel BONAVENTURE - AFP

YouTube, the online video powerhouse, turns 20

YouTube has evolved from a dinner party lark 20 years ago into a modern lifestyle staple poised to overtake US cable television in paid viewership.

Text size:

PayPal colleagues Steve Chen, Chad Hurley, and Jawed Karim conceived YouTube in 2005, reportedly during a dinner party. The domain YouTube.com launched on Valentine's Day that year.

Video uploading capabilities were added on April 23, when Karim posted the first video, titled "Me at the Zoo." The 19-second clip showing Karim at the San Diego Zoo's elephant exhibit has garnered 348 million views.

Over the next 20 years, the site has expanded beyond what was imagined possible back in 2005.

"YouTube was started by tech bros who wanted a video hosting service to watch reruns of Janet Jackson's 'wardrobe malfunction' during the Super Bowl," said eMarketer analyst Ross Benes.

"Now, it's the world's largest digital video service in terms of time spent and ad revenue -- it's an utter behemoth."

YouTube reached more than 2.5 billion viewers globally last year, with its music and premium tier subscribers hitting 100 million, according to market tracker Statista.

Users worldwide watch more than a billion hours of YouTube content daily on television sets alone, Google reported.

"If you go back 20 years, it would have seemed laughable that this website with kids making parody videos would become a threat to Disney, ABC, and CBS," Benes said.

"That's what they were able to accomplish."

- 'Firehose' of videos -

YouTube's breakthrough came from challenging traditional television titans without requiring studios or production costs -- it was users who were creating and uploading the content.

The platform hosts everything from concert clips to political campaign ads to how-to videos -- and much more.

"The amount of new stuff coming out is a firehose that you can't turn off, so people are always tuning in," Benes said.

According to Google, more than 500 hours of video are uploaded to YouTube every minute.

Analysts consider Google's 2006 purchase of YouTube for $1.65 billion in stock a pivotal moment, combining Google's search and advertising expertise with a video-sharing platform that had passionate users.

"YouTube was part of the recovery from the dot-com collapse, when people realized monetization was actually important," said tech analyst Rob Enderle. "YouTube became an example of how dot-coms should have been done, as opposed to how they were done in the late 1990s."

Google used its advertising know-how to build a successful model, sharing revenue with creators who attract significant audiences.

The company also enhanced technology and negotiated with studios to address copyright violations on what was once considered the Wild West of video content.

"The piracy aspect isn't quite there the way it used to be at YouTube," Benes noted. "They used to have nudity too."

YouTube also worked its way past concerns that disturbing content, like parody videos of popular cartoon characters in violent or risque situations, were being served up to children by its recommendation software.

The company launched a free "Kids" app promoted as a safe space for children, and is constantly tweaking its algorithm to avoid offending users, advertisers, and governments.

Analyst Enderle credited much of YouTube's development into a formidable platform to former chief executive Susan Wojcicki, who died last year.

"She was phenomenal at her job and showcased how something like this should be done," Enderle said.

- 'Part of me' -

YouTube is projected to surpass all US cable television services in paid subscribers within two years, according to Benes.

The platform now competes with streaming services like Netflix, Disney, and Amazon Prime, as well as short-form video platforms like TikTok and Instagram's Reels.

In response to TikTok's popularity, YouTube introduced its "Shorts" feature, which averages more than 70 billion views daily.

"As the original streaming video platform, YouTube has continued to evolve and differentiate," Mike Proulx, vice president and research director at Forrester, told AFP.

"It's the de facto standard for long-form user-generated video, literally defining the modern 'creator.'"

While YouTube's recommendation algorithm has traditionally favored established creators, longtime content maker "Robert G" noted that emerging creators are once again being featured on the home page.

"I'm really happy that YouTube is changing," said Robert G, who began uploading videos in 2009.

"YouTube is part of me; it is what I do."

S.Saleem--DT