The Yahoo Current Network and Current TV
by DT - September 27th, 2006
In this space I’ve repeatedly gone on (added by admin: here & here are good examples) about how any self-respecting website seems to need video these days – and that applies to e-commerce sites perhaps even more than many others.
I’m a little surprised at myself but it turns out I was one of the first people to use the word “vlog†in public. I was writing about the onward rush of tsunami images captured by “citizen†video cameras and shared instantly and internationally on the web – and taken up by the world’s TV news networks. Since then, of course we’ve seem the veritable tsunami of YouTube, that combines the social networking of MySpace with the visual stimulation of video, of all kinds, being posted for all to share.
So viewer expectations are growing, taking the accessible presence of moving pictures for granted at many a website, and being frustrated by slow loading times and the other irritations all too commonly associated with video.
Inevitably, big outfits with an institutional flavor are crowding into the game – which has previously looked somewhat amateur, often deliberately and defiantly so.
Current TV, the cable network founded by former Vice President Al Gore is now starting a joint venture with Yahoo! – to be called (with stunning originality) the Yahoo Current Network.
It will have four channels, one of them named (again with an extraordinarily imaginativeness) “Current Buzzâ€. This will showcase the most popular vlogging items, and will be run by Jon Stewart’s one-time The Daily Show producer Madeleine Smithberg. Her unenviable task is to ensure both quality and a high click-rate, in videos submitted by her target demographic audience themselves, aged 18-24, while at the same time screening out the inevitable offensive stuff.
The other three other channels will offer material favoring sports, cars and travel. A total of eight channels are expected to be offered by the end of 2007. Each channel will carry one segment produced in-house and 8 to 10 user-created pieces each day.
As for raisin revenue, Yahoo Current is offering (in addition to 15- and 30-second video pre-roll ads) standard banners and sponsorship opportunities on the Yahoo Current Network. They are currently in talks with existing, separate Yahoo and Current TV advertisers and they expect to announce advertisers for the new network soon.
Some prospective advertisers are obviously interested in creating their own viral video campaigns designed specifically for the attractively youthful audience that’s being targeted, while others favor more traditional branding spots. Sponsorship will initially be offered across all the site’s channels as a package, but it may later resolve into channel-specific buying opportunities.
Until now Yahoo has seemed to watch like deer-in-headlamps as YouTube has built its young, twenty million-strong audience by using video. The veteran web company must be green with envy now that Wall Street reports are putting YouTube’s value, even while revenue-earning has been the last thing on its social-networking mind, at over one billion dollars if it were snapped up by the kind of corporate interests that now have their eye on it.
technorati tags: current tv | currentv | yahoo current network


