YouTube Live Streaming

How cool would it be to watch your favorite football game live on YouTube?  Or how about being able to watch a concert in Europe, live, without having to leave your bedroom?  With Google launching YouTube Live, this dream may become a reality quicker than you think.

Eweek.com reports that YouTube officially turned on YouTube Live, the Google video-sharing unit’s bid to stream concerts, sporting events and interviews with local celebrities and the like.  Consumers will access YouTube Live on its own Web page, and can subscribe to YouTube Live.  Its partners will be notified of upcoming live streams on a customized homepage. YouTube partners in good standing will be able to access the YouTube Live streaming platform to begin broadcasting content.

The goal of YouTube Live is to refocus broadcast channels for arts and sports, along with several hours of professionally produced original programming. YouTube could spend $100 million to commission low-cost content intended exclusively for the Web.

Ultimately, YouTube’s goal is to increase its customers view time from 15 minutes a day to 5 hours of the site per day, boosting the site’s ad-serving opportunities.  These ambitious goals would suggest that YouTube is looking to pry away viewers currently wed to conventional TV broadcast stations such as CBS, ABC and NBC, as well as cable television channels HBO, Cinemax and Showtime. Hulu, Amazon.com and Netflix are also targeting users with Web video content.

YouTube Live is up and running and streaming real time, live video.  How do you think this change the Internet?

YouTube Live Streaming | How it works

Watch this video on YouTube Live Streaming to see how you can set it up and best utilize it
[youtube]http://www.youtube.com/watch?v=Xof2BVF6EAo&feature=player_embedded[/youtube]

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Original Picture Source: http://www.flickr.com/photos/francescominciotti/3199438397/