Rampant piracy causes technology to accelerate once again…

Excerpts from ITworld article:

Youku, China’s largest video hosting site, has partnered with Disney to begin streaming the studio’s TV shows, said the company’s CEO Victor Koo.

Last month, one of Youku’s competitors, Ku6 Media, signed a content deal with Sony Pictures Television and Warner Bros. to provide the broadcasting rights for several hundred films and TV episodes.

For Youku, 70 percent of the company’s videos come from licensed content made through deals with studios domestic and abroad. A remaining 20 percent of the site’s videos is from user generated content, while 10 percent is original content created by Youku… But like many video hosting sites, Youku has yet to become profitable.

See full article on ITworld.