Many in the tech media have declared Hulu and Fancast to be "YouTube killers", sites that will provide fans with (almost) all of the content they want, when they want it. But it seems to have been largely missed that there are plenty of fans who like YouTube because of its user-generated content. Certainly, if you want to watch a high-quality version of Heroes, Hulu is your best bet, but if you want to watch a parody like Brokeback to the Future or find evidence that Hitler was a Cowboys fan, then YouTube is the place.
Of course, the folks at Google are quite smart and realized this a while back. They have positioned YouTube as the place for user-generated content and are wisely branching out to countries like South Korea, where 70% of homes have high-speed Internet access. Even though Google has not yet figured out how to make money on this in South Korea, the company is smart enough to realize it had to be in that market.
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