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Me too. Me too.

Everybody but Google announced today that they will launch a video site to compete with Google:

News Corporation and NBC Universal will launch the largest Internet video distribution network ever assembled with the most sought-after content from television and film, it was announced today by Jeff Zucker, President and Chief Executive Officer, NBC Universal and Peter Chernin, President and Chief Operating Officer, News Corporation. The video-rich site will debut this summer with thousands of hours of full-length programming, movies and clips, representing premium content from at least a dozen networks and two major film studios.

“This is a game changer for Internet video,” said Peter Chernin, President and Chief Operating Officer of News Corporation. “We’ll have access to just about the entire U.S. Internet audience at launch. And for the first time, consumers will get what they want -- professionally produced video delivered on the sites where they live. We’re excited about the potential for this alliance and we’re looking forward to working with any content provider or distributor who wants to take advantage of this extraordinary opportunity.”

So let's see if I've got this straight. If Google hosts the video for free with their ads, then that is bad. If somebody else hosts it with their ads, then it is a game changer for internet video?

All of these companies are going to just give away their content? Oh yeah, I forgot the "ad supported" part. Will I have to watch 15 minutes of commercials for every hour of video? I already have a television thanks. And TiVo, so I'm already recording what I want too.

I guess we'll have to wait to see what happens.

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