Since buying YouTube for $1.65 billion in 2006, Google has tried many different ways to turn a profit from the video sharing website. Despite being one of the most visited websites on the Internet and enjoying a userbase that can spend literally hours on its website, watching a reported 10 billion videos in 2009, YouTube has still proved a drain on Google’s limitless resources.
The high bandwidth costs of YouTube are one of its main costs.
Google has now come up with another way that it hopes YouTube will begin to make money, and it’s bad news for companies such as Blockbuster. Yesterday Google launched a new service whereby Internet users in the USA could pay to rent movies from (more…)








