Hi Video Peeps,
So Yahoo! has had a pretty busy month so far.
New things with Yahoo! Video, Y! Live(think stickam or justin.tv) and their recent acquisition of Maven Networks Inc.
Yahoo! Video now offers a 16:9 cinematastic(sounds pretty cool ,eh?) player,
they’ve increased the max file size to 150 megabytes, so you can upload longer, higher quality videos <==sweet!
So you can do more than just embed individual videos on your blog or site, now you can create your own embeddable playlists!
And it's great that you can add comments and delete them(delete those nasty comments that some total losers make and erase your lame ones too)
Want more info on Yahoo! Video? Click on this link to read the Yahoo! Video bBog...
Okay. So you’ve been to Stickam. I was probably one of the first users of Stickam(think 2-3 years ago peeps). They’ve added lots of extra stuff there since those early years(am I an Internet Video Trailblazer or what? Probably. I used YouTube WAY before all those wannabe and “real” Internet Marketing Gurus). Um, I just went there and they have changed Big Time. Wow… Now some of you may be familiar with Justin.tv? Yahoo! is doing something similar to these sites by creating Y! Live. Check it out.
now onto Press Release news from Associated Press(hosted on Google which seems somewhat funny to me) about Yahoo! Buying Maven Networks Inc…
Yahoo Acquires Video Service for $160M
By MICHAEL LIEDTKE – 2 days ago
SAN FRANCISCO (AP) — Undeterred by the threat of a hostile takeover, slumping Internet pioneer Yahoo Inc. completed an acquisition of its own Tuesday by buying online video service Maven Networks Inc. for $160 million.
The deal marks Yahoo’s latest attempt to expand its online advertising network and snap out of a two-year financial funk that has culminated in unsolicited takeover offer from Microsoft Corp.
Yahoo’s board rejected the bid Monday, prompting Microsoft to raise the possibility of taking its offer — originally valued at $44.6 billion or $31 per share — directly to shareholders.
Sunnyvale-based Yahoo thinks it’s worth more, an opinion echoed by its second largest shareholder in a letter released Tuesday.
“We think (Microsoft) will have to enhance its offer if it wants to complete a deal,” wrote Bill Miller, a respected fund manager for Legg Mason Inc., which owns more than 80 million Yahoo shares.
Like many other industry analysts, Miller predicted Yahoo ultimately will end up in Microsoft’s clutches.
“We think it will be hard for (Yahoo) to come up with alternatives that deliver more value than (Microsoft) will ultimately be willing to pay,” he wrote.
Miller also wrote that he has already met with Steve Ballmer, Microsoft’s chief executive, and spoken to Jerry Yang, Yahoo’s CEO and co-founder, to share his views.
Redmond, Wash.-based Microsoft so far has indicated it’s not budging from its original offer, calling the proposal “full and fair.” Analysts believe the tense mating dance will last at least a few more weeks.
In the meantime, Yahoo continues to work on a long-promised turnaround.
The talks to buy Cambridge, Mass.-based Maven began before Microsoft announced its bid Feb. 1, said Tim Cadogan, Yahoo’s senior vice president of marketing products.
Maven helps television and movie studios find Web sites to show their videos and manage the accompanying advertisements. The six-year-old startup works with a wide range of media outlets, including CBS Sports, Gannett Co., News Corp., Hearst Corp. and Sony Pictures.
Online video advertising is steadily climbing as more people watch news and entertainment online. The amount spent on Internet video ads annually is expected to triple during the next three years to $4.3 billion in 2011, estimated research firm eMarketer Inc.
“We think video is going to become the third leg of the advertising stool,” said Cadogan. Ads tied to search requests is currently the Internet’s biggest moneymaker, followed by so-called display ads featuring photos, illustrations and other images.
Yahoo has been discussing a search advertising partnership with the market leader, Google Inc., as a way to boost its profits and thwart Microsoft’s bid. But a deal between Google and Yahoo would face significant antitrust hurdles because it would meld the two largest search advertising networks, causing more analysts to conclude an alliance is unlikely.
As in search, Yahoo is trying to catch up to rival Google in Internet video.
As of December, Yahoo held a 3.4 percent share of the U.S. online video market, lagging far behind Google, whose ownership of industry leader YouTube.com gave it nearly one-third of the market, according to comScore Inc.
Yahoo plans to retain Maven’s roughly 70 employees even as it completes plans to lay off 1,000 workers in other divisions as part of a plan announced two days before Microsoft’s bid.
Employees affected by the job cuts reportedly began receiving layoff notices Tuesday. Yahoo spokeswoman Diana Wong declined to comment.
Based on a previous mid-February timeline established by management, Yahoo is expected to release additional details about the layoffs late this week or early next week.
Yahoo shares fell 1 percent, or 30 cents, to $29.57 Tuesday while Microsoft shares rose 13 cents to close at $28.34.
Well there you have it kiddies… Yahoo! is still trying to capture your virtual hearts and hoping you’ll jump on the Yahoo! Video and Y! Live Bandwagons… really maybe you need to take a closer look @ Yahoo! and Videos… stop just thinking “YouTube”.
God Bless,
Yoon
