YouTube co-founder Steve Chen has quietly left his baby behind, moving to a different Google division. Fellow co-founder Chad Hurley might leave too, PaidContent writes. Now comes a more Hollywood future for the video-sharing site.
It's no secret that YouTube needs to make money; its annual losses have been estimated at between $175 million and $471 million. Meanwhile, Hulu may have already matched the ad revenue of YouTube, which is twice Hulu's age, thanks to old-media-friendly content.
The more completely Google breaks with YouTube's past, the easier it will be for CEO Eric Schmidt to cozy up to the movie and TV studios from his new house in Southern California. Who knows, the Hollywood honchos might even forget they once sued the guy.