Yahoo is Launching a YouTube Competitor this Summer

As if there weren’t already enough cat videos and makeup tutorials on the Web, new reports suggest that Yahoo will finally launch its long-awaited video-streaming service. Competitor YouTube and other companies have reportedly given Yahoo a lot of pushback, delaying the service’s debut for months. Now, it seems that the contract issues have finally been resolved and it’s all systems go for Yahoo’s video venture.

According to Ad Age, Yahoo is in talks with several video producers, creators, and advertisers to get the new platform off the ground later this summer. Previously, Yahoo had hoped to reveal its new service to advertisers as early as April, but disputed contracts prevented a spring launch. Most of the contract issues revolved around content ownership. Many video creators were concerned about losing the rights to their videos once they added them to Yahoo’s channel. There was also some worry over users’ access to offline downloads of some videos. Several producers felt that Yahoo did not have a cohesive business plan either and were confused by the advertising strategy. Read More..