Wednesday, October 8, 2008
YouTube teams with iTunes, Amazon to offer e-commerce feature
Youtube is partnering with Amazon and Itunes to allow users to buy any music, books or other content related to the YouTube video that is being viewed. Over time, a viariety of industries will be making money off the content purchased through YouTube. As of right now, it is only available in the US. While it is a popular site, YouTube has not really gained alot of revenue over the last not-quite-two years that it has existed. The only real form of revenue is the ads that are on the site. The idea is that someone may not be as likely to search for something on Amazon or Itunes, but if they are on YouTube watching the video, chances are they will want to make those purchases.