The China Mail - YouTube, the online video powerhouse, turns 20

USD -
AED 3.672498
AFN 65.000033
ALL 80.761235
AMD 360.982284
ANG 1.789785
AOA 916.999796
ARS 1547.435951
AUD 1.426218
AWG 1.8
AZN 1.711502
BAM 1.737655
BBD 2.013789
BDT 124.482471
BGN 1.747831
BHD 0.377511
BIF 2987.543757
BMD 1
BND 1.278142
BOB 12.12307
BRL 5.452597
BSD 0.999876
BTN 94.576825
BWP 13.727633
BYN 2.983457
BYR 19600
BZD 2.010946
CAD 1.396295
CDF 2315.000375
CHF 0.817865
CLF 0.024527
CLP 965.319821
CNY 6.669803
CNH 6.66649
COP 3229.13
CRC 454.196116
CUC 1
CUP 23.996482
CVE 97.96631
CZK 21.640991
DJF 178.04787
DKK 6.66219
DOP 60.044158
DZD 136.137727
EGP 53.944098
ERN 15
ETB 164.108289
EUR 0.89128
FJD 2.243203
FKP 0.743037
GBP 0.742305
GEL 2.604999
GGP 0.743037
GHS 11.633527
GIP 0.743037
GMD 74.488904
GNF 8859.999556
GTQ 7.640777
GYD 209.490556
HKD 7.844815
HNL 26.874159
HRK 6.76901
HTG 130.993736
HUF 323.475987
IDR 18051.6
ILS 3.16671
IMP 0.743037
INR 94.45525
IQD 1515.805747
IRR 1883408.498647
ISK 121.740028
JEP 0.743037
JMD 158.490264
JOD 0.708991
JPY 158.394499
KES 129.88984
KGS 87.449305
KHR 4065.567945
KMF 440.999862
KPW 899.999961
KRW 1344.009825
KWD 0.31085
KYD 0.8332
KZT 451.907529
LAK 22510.972511
LBP 89536.844537
LKR 332.702525
LRD 169.971747
LSL 16.458322
LTL 2.95274
LVL 0.60489
LYD 6.411145
MAD 9.767223
MDL 17.932726
MGA 4516.054516
MKD 54.86112
MMK 2099.845134
MNT 3601.453525
MOP 8.0795
MRU 40.672394
MUR 46.750138
MVR 15.454973
MWK 1733.74558
MXN 18.57415
MYR 4.046102
MZN 63.910608
NAD 16.458322
NGN 1344.919545
NIO 36.791229
NOK 9.282715
NPR 151.327626
NZD 1.77647
OMR 0.384469
PAB 0.999964
PEN 3.451055
PGK 4.486835
PHP 63.009499
PKR 276.584484
PLN 3.913615
PYG 6062.867601
QAR 3.645272
RON 4.758805
RSD 104.821031
RUB 81.626861
RWF 1471.300315
SAR 3.756339
SBD 8.051718
SCR 13.753827
SDG 601.494926
SEK 9.77764
SGD 1.276798
SHP 0.745545
SLE 22.910108
SLL 20969.504398
SOS 571.481881
SRD 37.564026
STD 20697.981008
STN 21.767813
SVC 8.74869
SYP 13001.999685
SZL 16.449882
THB 33.409965
TJS 9.223662
TMT 3.51
TND 2.979992
TOP 2.40776
TRY 50.0464
TTD 6.77808
TWD 32.916898
TZS 2647.377987
UAH 45.533522
UGX 4104.696412
UYU 40.202925
UZS 11888.515735
VES 893.768974
VND 25682.5
VUV 119.655093
WST 2.783161
XAF 584.641244
XAG 0.018961
XAU 0.000242230458
XCD 2.70255
XCG 1.801979
XDR 0.707052
XOF 584.641244
XPF 105.958029
YER 236.174989
ZAR 16.3842
ZMK 9001.198566
ZMW 20.278266
ZWL 321.999592
SSP 5745.516508
MXV 2.090199
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

YouTube, the online video powerhouse, turns 20
YouTube, the online video powerhouse, turns 20 / Photo: © 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."

D.Pan--ThChM