Friday, February 1, 2013

YouTube Will No Longer Be Free

I have been informed from a Silicon Valley grapevine that from this Spring, YouTube will no longer be free as Google is already concluding plans for paid subscription on YouTube with viewers of videos paying between $1 and $6 monthly.

"We have long maintained that different content requires different types of payment models," a Google spokesman said.

TV/Film producers and content managers have been approached to submit applications to create channels that users would have to pay to access. Could this be why Google Chairman Eric Schmidt visited top Nigerian filmmaker Tunde Kelani in January? Moreover, Nigeria's Iroko TV is is YouTube’s biggest partner in Africa with a monthly traffic of over 3 million unique visitors from 178 countries. And according a recent report by Forbes, Nollywood lovers around the world can watch the latest Nigerian movies by paying a fee of only $5 a month. Iroko TV typically buys the digital rights to the movies from producers and currently has a catalogue of over 5,000 films and over 500,000 registered users making it the world’s largest digital distributor of African movies.

~ By Ekenyerengozi Michael Chima.

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