Many argue that YouTube is one most time consuming sites ever invented on the Internet, though many Facebook users might disagree. In February of 2005, 3 former PayPal employees decided to start up a video sharing service and they uploaded the first video on April 23, 2005. Here we are 10 years later.
In 2006, many people were not sure it was going to survive due to all the copyright infringement lawsuits but then later that year (Nov 2006) Google acquired them for 1.65 Billion USD. This seemed like another ridiculous dot com valuation yet it definitely looks like a deal now.
Fascinating Stats (many from the YouTube press room)
- They have over 1 billion users
- Over 300 hours of video is uploaded every minute, that’s 5 hours every second!
- Several demographics have surprised any other cable network for reach
- There are over 6 billon hours watched every month
- Over 80% of their traffic now originates outside of North America
YouTube is great for entertainment and education pieces. Many people are visual. If you want to learn anything, just look it up and watch a video. The most viewed genuine video is “Charlie bit my finger – again !” with over 800 million views. It was number 1 for many years until music videos started taking the top spots. Charlie is hovering around 6th place right now.
The current number 1 music video is “Psy – Gangnam Style” with over 2.3 BILLION views. Many contribute the enormous success because it tapped into the worldwide market and wasn’t focused purely on North America or English speaking audiences.
Entire “channels” have emerged with people turning this full time jobs. Channels such as Smosh, RayWilliamJohnson, vsauce, nigahiga, SkyDoesMinecraft, RhettAndLink, EpicMealTime, SoulPancake, TheSloMoGuys, and on goes the list.
YouTube takes a look at the most watched videos / channels throughout the year and has been creating annual recap videos named as Rewind. They started this in 2010 and 2011 but then in 2012 they took Rewind to the next level with professionally produced videos that ended up as mash-ups including many YouTube celebrities and popular music.
YouTube Rewind 2014
YouTube Rewind 2013
YouTube Rewind 2012