Buried among a weekend of panel discussions, product launches and parties at SXSW is the news that YouTube co-founder Chad Hurley is on the brink of jumping back into the Web video space with a new service.
Six and a half years after Google bought YouTube for $1.65 billion in a move that, while questioned at the time, has proved to be an astute piece of business, Hurley says he’s a month away from launching a platform to complement YouTube which is specifically for content collaborations.
So. Much. Tech.
Some of the biggest names in tech are coming to TNW Conference in Amsterdam this May.
It sounds interesting — so long as we’re not talking MC Hammer meets Psy-style collaborations — particularly when considering the aforementioned Korean singer earned more than $8 million in YouTube royalties alone for his ‘Gangnam Style’ hit. That’s in no small part to the many imitations which it took a cut of ad revenue from.
Alas, all we know so far are the words that AdWeek caught in Austin:
“I wish [South by Southwest] was a month later because I could unveil the new product,” Hurley said during a Q&A with Digg founder and Google Ventures partner Kevin Rose on Saturday afternoon. Without going into too much detail, he said the product is “primarily video-based…and gives flexibility for people to work together and create content.”
It seems likely that the new product will be launched out of AVOS, the Google Ventures-backed company that Hurley set up with fellow YouTube founder Steve Chen. In addition to Zeen, AVOS also owns Delicious, which it bought from Yahoo in 2011, and Mei.fm, a Chinese version of Delicious that launched in April 2012.
Hat tip Gizmodo
Headline image via Joi / Flickr