Found out what YouTube is up to courtesy of a post on Beta News. Take a peek

While YouTube is best known for its work in promoting social video, the company is looking to live video as its next format. In an interview with NewTeeVee, YouTube founder Steve Chen said that the company plans to introduce a new live feature sometime this year. He said that the company had always wanted to do it, but didn’t have the resources. Now that YouTube is owned by Google, Chen said the resources are now at their disposal.

Analysts say that YouTube is likely to quickly build momentum in the marketplace, which is primarily due to its already strong presence in social video. “Like video, content creators want to be on the service that gives them the most exposure, no matter how good the alternatives are,” Duncan Riley wrote for TechCrunch. “YouTube already has the user base; live video streamers will flock to YouTube like a moth to a flame.”

I agree with the analysts on this one. YouTube going live is going to be H-U-G-E for no other reason than that they have a large fanbase already in place. Keeping my eyes on this development. Make me wonder how long before they begin showing Hi-definition on their channels as well. Or, are they leaving that up to my other favorite video hosting company- Vimeo.

What? You did not know that you could post high definition videos on the web and let others embed them on their sites? Well… now you you know. Check out a sample video below.

Oooohh… Don’t that look purrdee?! ( I love Hi Def )

Tags: social, user generated content, Video, vimeo, youtube

Here in the United States, MySpace is extremely popular, but not so much in other places. Check out this cool map I found on LeMonde.

Tags: bebo, cyworld, facebook, friendster, hi5, linkedin, live journal, media, myspace, networks, orkut, skyblog, social