YouTube co-founder Steve Chen has confirmed that the 800 pound gorilla of the online video world plans to add a live video feature sometime in 2008. Chen spoke with video-blogger Sarah Meyers
recently. And while there aren't a lot of details yet, we can engage in a little speculation:
- YouTube will be entering a crowded space, already populated by Justin.tv, UStream, Mogulus, and Yahoo!
- None of those sites has a user base anywhere near the size of YouTube's
Ergo, we're probably not going too far out on a limb when we suggest that live video or "lifecasting" is about to explode. Sure, there have been folks broadcasting live streams of their life over the internet for years. But it's one thing when you have to put in all the hard work of building an audience for yourself. It's another thing when you're broadcasting on a site that has millions of viewers. Now, we're not saying that getting a million people to watch you eating breakfast is going to be easy once YouTube enters the game. Just possible.
Anyone want to place bets on whether Google will develop their technology in house or buy out an existing lifecasting service?