Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Friday, October 12, 2012

YouTube to charge fee for some content Robert Kyncl addresses Abu Dhabi Media Summit By NICK VIVARELLI ABU DHABI -- YouTube will start experimenting with charging subscription fees for some of its branded content following its partnerships, announced at Mipcom, with European TV content providers to feed 60 new channels. "You will see us offer an option to all the channels that are our partners to start charging subscriptions for their content," said Robert Kyncl, YouTube's VP, global head of content, speaking at the Abu Dhabi Media Summit. Kyncl added that the partners themselves -- which at this stage include BBC Worldwide, Endemol and FremantleMedia -- will decide if they want to pursue that traditional pay TV broadcasting business model. "The majority will be ad-supported, and there will be some that will be paid," he predicted during a panel titled "The War for the Living Room." As for YouTube's advertising model, Kyncl said one option is for advertisers only to pay for the ads the public watch. "When that happens, they don't mind paying more," he noted. The move sees YouTube continuing to encroach in territory traditionally occupied by broadcasters, now also adopting both their traditional content and pay TV business model. That said, Kyncl emphasized that user-generated content remains absolutely central to the service, "our greatest gift," he said. He also proudly pointed out that in Saudi Arabia 50% of YouTube consumption takes place on mobile devices. Asked what lies ahead, he said "for us the most exciting development is when you will be making selections from your phone and sending them to your TV. That is coming very soon." Thank you Variety


YouTube to charge fee for some content
Robert Kyncl addresses Abu Dhabi Media Summit
By NICK VIVARELLI

ABU DHABI -- YouTube will start experimenting with charging subscription fees for some of its branded content following its partnerships, announced at Mipcom, with European TV content providers to feed 60 new channels.

"You will see us offer an option to all the channels that are our partners to start charging subscriptions for their content," said Robert Kyncl, YouTube's VP, global head of content, speaking at the Abu Dhabi Media Summit.

Kyncl added that the partners themselves -- which at this stage include BBC Worldwide, Endemol and FremantleMedia -- will decide if they want to pursue that traditional pay TV broadcasting business model.

"The majority will be ad-supported, and there will be some that will be paid," he predicted during a panel titled "The War for the Living Room."

As for YouTube's advertising model, Kyncl said one option is for advertisers only to pay for the ads the public watch. "When that happens, they don't mind paying more," he noted.

The move sees YouTube continuing to encroach in territory traditionally occupied by broadcasters, now also adopting both their traditional content and pay TV business model.

That said, Kyncl emphasized that user-generated content remains absolutely central to the service, "our greatest gift," he said.

He also proudly pointed out that in Saudi Arabia 50% of YouTube consumption takes place on mobile devices.

Asked what lies ahead, he said "for us the most exciting development is when you will be making selections from your phone and sending them to your TV. That is coming very soon."

Thank you Variety



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