YouTube ‘gets more viewers than all US TV networks combined’

17/05/2010

Popular video sharing website YouTube is celebrating its fifth year this month and has another reason to celebrate: it generates two billion hits nearly every day. The 2 billion views of the site, which sports the slogan “Broadcast Yourself”, is more than the combined total number of viewers of the US major television networks. YouTube was created by three former PayPal employees in February 2005. In November 2006, Google bought the company for 1.65 billion dollars and has been operating as a subsidiary for it since then.

17/05/2010

“Two billion video streams is a large number but on average people are only spending 15 minutes a day on the site compared to five hours a day watching TV,” said co-founder Chad Hurley. “We wanted to create a level playing field that gave everyone that ability to be seen and heard.”

To mark its fifth anniversary, YouTube has created a video and timeline, which can be viewed on its company blog here.

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