Yahoo! Live video streaming service is dead

Yahoo! is pulling out of its quest to bring live video streams of mundane things to the masses. The company has announced that it will shut down Yahoo! Live on December 3rd. Much like startups Justin.tv and UStream, Yahoo! Live provided anyone with a webcam with the tools to stream video over the internet and interact with large groups of people.

Yahoo! Live has been around since early this year, and represented one of the first efforts from a major web company to get involved with live, social video streaming. While it's tempting to read into the company's decision to shutter the service, the truth is that Yahoo! never really promoted the service widely and it doesn't appear to have been very popular. It's quite possible that companies whose sole purpose is to make this business model work will have an easier time coming up with a way to make live video streaming profitable.

Tags: justin.tv, live-video, ustream, yahoo-live