Video is the Internet Star!

They say Content is King. What they forgot to mention was the chariot that ferries the King is gold! Internet King Google have just confirmed buying their golden online video chariot, YouTube for US$1.65Billion.

"The new-media paradigm of on-demand, downloaded, streamed and shared digital video is the powerful catalyst behind the Google-YouTube deal, which will become a growth driver for all content players smart enough to heed the call.

Google's $1.65 billion acquisition of YouTube underscores the importance of interactive video even to an Internet juggernaut whose statistical mastery of word search and human behavior has sputtered through the image business from maps to video clips to stock photos and mash-ups. YouTube is the expensive jump-start Google needs to continue pioneering a broadband nation, pursuing its mission to "organize the world's information," and take video aggregation, creation and sharing to the next level."

Read more: Hollywoodreporter.com