James Delahunty
14 Sep 2007 19:30
Revver, a video sharing site that shares advertising revenue with its users, has announced that it has paid over $1 million to videographers over the past year. The YouTube competitor (although much smaller) said that it paid out the revenue to about 25,000 different users in total. Revver shared the revenue with the video suppliers 50/50, indicating the company makes between $2 - $2.5 million from advertisements unless it pays out more money to high-end video makers.
YouTube is considered to be the heavyweight of the online video revolution. The Google-owned video giant announced earlier this year that it would roll-out revenue sharing services. By this time, sites like Revver already existed that offered amateur video makers a cut of the advertising revenue generated by video views.
When more such services come along, and especially when YouTube jumps on the bandwagon, it will enable individuals or smaller production companies to offer free videos and make (hopefully) a decent revenue for their work.
Source:
News.com