Confirmed: TV Networks Launch New Company To Counter Perceived Google/YouTube Threat
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reporter added Confirmed: TV Networks Launch New Company To Counter Perceived Google/YouTube Threat
Thu, 2007-03-22 14:02 1886 days ago



from TechCrunch:

Michael Arrington wrote:
The rumors of a joint venture to counter the perceived Google-YouTube threat, dubbed “Clown Co.” by Google executives, are now confirmed, although the name of the new company is not yet available. In a press release, Peter Chernin (COO News Corp.) and Jeff Zucker (CEO NBC Universal) are announcing “launch the largest Internet video distribution network ever assembled with the most sought-after content from television and film.” Content from at least a dozen TV networks and two major film studios is promised. Initial distribution partners include AOL, MSN, MySpace and Yahoo…

Also wondering if/what/how residuals paid to talent get transferred or carried over to this scenario, or perhaps considered as part of the original broadcast terms?

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