http://www.youtube.com/

YouTube is a consumer media company for

people to watch and share original videos

worldwide through a Web experience

“A place for people to engage in new ways with video by sharing, commenting on, and viewing videos”

“A place to upload, tag and share videos worldwide”

A place to browse videos, connect to people, customize your experience, and get exposure for your content

YouTube has also sparked a new trend in advertising and customer relations for companies

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Before being bought by Google, YouTube stated that its business model is advertising-based

Advertisements were launched on the site beginning in March 2006

Some have calculated that YouTube's potential revenues could be in the millions per month

According to a July 16, 2006 survey, 100 million clips are viewed daily, with an additional 65,000 new videos uploaded per 24 hours

During the summer of 2006 YouTube was ranked as the 5th most popular website on Alexa

Time Magazine featured a YouTube screen with a foil mirror as its annual Man of the Year

The site has almost 20 million visitors each month

In September Warner Music and YouTube signed a deal, in which YouTube will be allowed to host every music video Warner produced while sharing a portion of the advertisement income

YouTube policy does not allow content to be uploaded by anyone not permitted to do so, and the company frequently removes uploaded infringing content

However, unless the copyright holder reports them, YouTube only discovers these videos via indications within the YouTube community through self-policing

Members can also report one another thru a flagging feature

On 10/12/2006, YouTube announced that because of recent agreements with high-profile content creators, they were now required to use anti-piracy software

When CBS and Universal Music Group signed agreements to provide content to YouTube on October 9, they also announced that they would use new technology that will help them find copyrighted material and remove it

On October 5, 2006 the Japanese Society for Rights of Authors, Composers and Publishers (JASRAC) had their copyright complaints finalized and thousands of media from popular Japanese artists were removed

TV journalist Robert Tur filed the first lawsuit against the company in summer 2006, alleging copyright infringement for hosting a number of famous news clips without permission. The case has yet to be resolved.

On November 9th, 2006, Artie Lange said his lawyer was in talks with YouTube, after finding his entire DVD, It's the Whiskey Talking, available for free on their site. Artie said he will either demand money from them, or else he will sue.

YouTube is being sued by Brazilian model Daniela Cicarelli on the grounds that the site is making available video footage made by a paparazzo, in which she and her boyfriend are having sex on a Spanish beach.

Some people claim YouTube promotes violence

Offensive content, such as anti-U.S. based videos, can be uploaded

YouTube unintentionally hurt Universal Tube and Rollerform Equipment Corp (utube.com) when it has had to be frequently shut down by extremely high numbers of visitors unsure about the spelling of YouTube's domain name

Joshua Chaffin and Aline Van Duyn. Blow to YouTube as Viacom demands removal of its clips :[London 1st edition]. Financial Times,p. 1. Retrieved February 5, 2007, from ABI/INFORM Global database.

Viacom demands YouTube removes 100,000 video clips. Telecomworldwire,1. Retrieved February 5, 2007, from ABI/INFORM Trade & Industry database.

Viacom vs YouTube :[London 1st edition]. Financial Times,p. 12. Retrieved February 5, 2007, from ABI/INFORM Global database.

www.wikipedia.com & www.youtube.com