- The Washington Times - Monday, October 9, 2006

Now that Google has bought YouTube.com for more money than I will make next week ($1.7 billion worth of stock), there’s no better time to check out this outstanding article by Scott Woolley in Forbes magazine.

Here’s its parting shot:

Miles Beckett, a creator of the fictional “lonelygirl15” videos that lured 900,000 viewers in recent months, foresees the advent of “wiki-television”—where fans get involved in the story; those who provide the most clever responses get a cut of the ad pie. “If the fans generate enough revenue from their videos they can quit their day jobs, too,” Beckett says. “We think it’s such a cool way to tell a story. It is just something you can’t do with the traditional media.”

YouTube’s [Chad] Hurley concurs. Video democracy is here, he says, and falling costs of transmission and a growing audience eager for the offbeat have empowered anyone with a laptop to create, review or alter almost any piece of digital entertainment—right up there with the big guys. “Hollywood will always bring great content,” he allows, “but amateurs can create something just as interesting—and do it in two minutes.”

In other words, the YouTube revolution portends some kind of significant transformation in that we interact with narrative art.

Peter Suderman, take it away.

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