UStream, Justin.TV, Stickam, Mogulus and everyone else trying to make a business out of live streaming can breath a little easier. YouTube, which had previously said it would start live streaming in 2008, won't be getting into the business this year. And it probably won't next year, according to a source familiar with its plans.
Outsiders have long considered live streaming as a logical next step for YouTube, which dominates the market for pre-recorded Web video. Co-founder Steve Chen gave credence to the idea himself in February when he told Pop17's Sarah Meyers: "Live video is something we've always wanted to do but haven't had the resources to do it correctly, but now with Google we hope to launch something this year."
Full article: alleyinsider.com
