Google may not, but what about $1.65 billion YouTube? Are media companies whose content is freely distributed across the Web being held hostage? Google may not be out to create content, but it
looks like it wants to force those who do to use its delivery services.
Eun has been in charge of getting that ball rolling. His team struck the MTV deal last year that would let
AdSense publishers display MTV and other Viacom content on their sites in exchange for a cut of ad revenue. He also got CBS and Universal Music Group to allow their content to be distributed on
YouTube for another slice of ad revenue. "Our whole business model is structured around partnering," Eun says, and he's right: Google shelled out $780 million Google to its partners last
quarter.
That said, big media doesn't want to have to go through Google to profit from their content, which is why the big networks (minus Fox) are hard at work developing a YouTube of their own--specifically for use of their content. How this is delivered will be key.