Eric Schmidt sees YouTube as bigger than TV

Eric Schmidt sees YouTube as bigger than TV
At a presentation to advertisers on Wednesday night, Google's Eric Schmidt has said that online video (YouTube) has already displaced the good old TV. According to Schmidt, the fact that YouTube recently reached a billion monthly viewers is just the first step to the service's bright future.

The executive chairman believes that YouTube is yet to penetrate the majority of the emerging markets, and that's when it'll become something immeasurably bigger.

"Wait until you get to 6 or 7 billion. It’s not a replacement for something that we know. It’s a new thing that we have to think about, to program, to curate and build new platforms," said Schmidt.

YouTube's global head of content, Robert Kyncl, has attended the meeting as well, and also had something good to say about internet's favorite video sharing service: "I thought that YouTube was like TV, but it isn't. I was wrong. TV is one-way. YouTube talks back." Of course, that can be said for pretty much any other video website, but you know how it is when you're talking to clients.

What do you guys think about this? Has YouTube become bigger than TV? As much as we love YouTube, we can't be quite a certain as Google. After all, many ambicious companies have tried to revolutionize or simply replace TV through the years, but none has succeeded.

source: TheAssociatedPress

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9 Comments

1. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Nice smile, Mr. Schmidt! :D

2. hltechie unregistered

Eh... I don't think so.

3. tedkord

Posts: 17135; Member since: Jun 17, 2009

Its certainly got a bigger crap to gold ratio.

5. Bilpocalypse

Posts: 301; Member since: Oct 13, 2012

IDK. They are both pretty high on that scale.

4. rawbow

Posts: 428; Member since: Mar 30, 2012

wait , i thought piratebay was bigger than TV already !!! :D

6. pongkie

Posts: 663; Member since: Aug 20, 2011

I don't thinks so maybe he meant YouTube reached the same amount of advertisements as on TV

7. roscuthiii

Posts: 2383; Member since: Jul 18, 2010

YouTube? For me YouTube is in the MySpace pile... stopped going there a long, long time ago.

8. InspectorGadget80 unregistered

Yeah right. I only go on youtube too look for oldie tv shows classic tv/cartoons shows.. it will never replace my tv

9. McLTE

Posts: 922; Member since: Oct 18, 2011

I think it depends on the demographic. I use youtube as a place to learn about things.. such as coaching tips for baseball, basketball etc.. invaluable tool for communicating that sort of thing. My kids.. well my son in particular would LOVE on youtube if I let him. He loves watching videos of games.. why, I have no idea. Play them! He's not alone though.. seems all the kids these days do the same thing.

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