Remixing and sharing
Thursday, July 27th, 2006John Battelle blogs about a NY Post article reporting that YouTube could now fetch around $1 billion if it’s bought by a major company. According to the article, YouTube is less than a year old but has traffic of nearly 100 millions videos streaming a day.
Despite the popularity and success of the site, no major media company would want to buy it now and get faced with competitors suing over the copyrighted material. That’s the problem a lot of mainstream media have to get over. They have to realize that the success of YouTube comes from people attracted to the user-created content, like vodcasts. Be it a spoof of a singer or sharing the latest episode of a TV show, it’s all about re-creating and sharing of Web content.
“I personally believe YouTube proves that our culture wants desperately out of the traditional model of force fed television, and wants to move to a model where we participate in it - indeed, where we remix and share it.”
Podcasters often have problems with integrating music into their podcasts, worrying about the legal problems that they might face. The ability to remix and share content will allow independent content creators to have more freedom and creativity.

