Unshaken by its legal problems in the US, online video leader YouTube will attempt to extend its cultural reach and increase its moneymaking opportunities by programming new channels in nine other countries.
The expansion, announced yesterday in Paris, will make new YouTube sites available in Brazil, France, Ireland, Italy, Japan, the Netherlands, Poland, Spain and the UK.
The nine Web sites will be translated into the native languages of each country, when necessary, and allow YouTube to highlight videos that appeal to local audiences.
Most visitors to YouTube's Web site in the US already come from computers located in other countries, so creating more international channels is a step the San Bruno-based company always hoped to take, co-founder Steve Chen (
But the expansion didn't become viable until online search leader Google Inc bought YouTube for US$1.76 billion late last year.
YouTube says it streams more than 200 million videos each day.
MORE ACCESSIBLE
By making its programming more accessible to people who don't speak English, YouTube is hoping to stimulate even more usage outside the US. Targeting specific markets may also appeal to advertisers.
"We really feel like we are going to be providing a better product around the world," YouTube chief executive Chad Hurley said in a phone interview.
The expansion could also deliver new challenges for YouTube as it tries to adhere to the laws and community standards of other nations.
YouTube is already battling allegations that it has profited from copyright videos that users post without proper authorization.
LEGAL TROUBLE
In the highest profile case, Viacom Inc is suing YouTube and Google for US$1 billion in damages. But another federal lawsuit filed in New York has already provided a glimpse at some of the legal trouble that YouTube could encounter in other counties.
The parties who filed the class-action suit include the Premier League, the top soccer league in England; the Federation Francaise de Tennis, which puts on the French Open; and the Ligue de Football Professionnel, another soccer league in France.
The claims in the case are currently limited to copyright violations that occurred on YouTube's US site, said Louis Solomon, an attorney representing the sports leagues.
"But if they operate in the same unlawful manner that they do in the United States, they will get lawsuits in other countries, too," Solomon said.
YouTube has licensing agreements with more than 150 content providers in Europe and is trying to negotiate more, according to the company.
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation. “The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference. That combination has helped HSBC cement its position as the most profitable international
Taiwanese firms have increased investment in the Philippines in recent years as Manila’s ties with Washington deepen and global supply chains continue to shift away from China, an expert at the Chung-Hua Institution for Economic Research (CIER, 中華經濟研究院) said yesterday. The Philippines had not been among Taiwanese investors’ top choices in Southeast Asia, CIER Taiwan ASEAN Studies Center director Kristy Hsu (徐遵慈) said at a seminar in Taipei. However, Taiwan’s investment in the country has grown significantly since the COVID-19 pandemic, reaching US $257 million last year, a high in recent years, she said. Although Taiwan’s total investment in the Philippines still lags
Intel Corp regards Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) as a longstanding partner, as the US chipmaker would continue outsourcing production of advanced chips to TSMC, Intel chief executive officer Lip-Bu Tan (陳立武) said yesterday. “I don’t look at people as competitors. I look at the collaboration... Nvidia is also, you know, a good friend,” Tan told a news conference following his keynote speech at the Computex trade show in Taipei. “It’s a very trusted partnership for us... We are a big, top customer for them, and we’re going to continue doing that,” he said, referring to TSMC, the world’s largest foundry
Hon Hai Precision Industry Co (鴻海精密) yesterday said it would work with US chipmaker Intel Corp to jointly develop and deploy next-generation artificial intelligence (AI) infrastructure and intelligent computing platforms in a move to capture booming demand for AI computing systems. Hon Hai, also known as Foxconn Technology Group (富士康), said in a statement that the partnership would combine its global manufacturing scale, system integration expertise and AI data center deployment capabilities with Intel’s strengths in processor architecture, silicon technologies and software ecosystem. The companies said they plan to work on equipment used in AI data centers, including server racks powered by