DAVOS, SWITZERLAND — Chad Hurley, co-founder of YouTube Inc., said his wildly successful website would start sharing revenue with its millions of users.
Hurley said one of the major proposed innovations was a way to allow users to be paid for content. San Bruno, Calif.-based YouTube, which was sold to Mountain View, Calif.-based Google Inc. for $1.65 billion in November, has become an Internet phenomenon since it began to catch on in late 2005. About 70 million videos are viewed on the site each day.
"We are getting an audience large enough where we have an opportunity to support creativity, to foster creativity through sharing revenue with our users," Hurley said Saturday at the World Economic Forum here. "So in the coming months we are going to be opening that up."
Hurley, who at 30 is one of the youngest Internet multimillionaires, gave no details of how much users might receive or what mechanism would be used.