Youtube has enjoyed monopoly in the video sharing space for a while now. While the likes of Vimeo and Dailymotion continue to exist, youtube has become synonymous with watching videos online, such has been the domination. And as Google continues to empower Youtube more with each passing day, Yahoo is rumored to be seriously considering bringing a competitive service, with their own video hosting website.
According to reports in Sky News, Yahoo has approached Fullscreen, which is one of the chief content producing network on Youtube to come on board. Fullscreen is not a particular channel but a network of channels that account for three billion views per month. Obviously given the sort of number of eyeballs they attract, Fullscreen and its list of channels have built a lot of following for themselves. Moving to Yahoo would therefore be a big win and a big buzz creator to push the service off. According to the same report, Yahoo has made an offer of $250 million to bring FullScreen on board though it is not really clear whether FullScreen would take this offer or instead go about doing something independently, like starting a service of their own.
Given the rather untested and nascent nature of Yahoo’s platform, it could be a tricky decision for FullScreen who have announced their plans to bring in a new series on Youtube just yesterday, called The Wrap. Currently, FullScreen helps smaller publishers, with equipments and technical advices both on content creation and monetization side of things. Fullscreen is partially owned by The Chernin Group, which owns a stake in Pandorra, Tumblr and Flipboard too. Tumblr in turn is owned by Yahoo, so there is obviously hope for Yahoo still.
Source: The Reuters/Sky News