Mark Cuba (mark cuban), a well-known Internet investor with billions of dollars, recently severely criticized the popular video sharing website YouTube, saying that only "* * *" would buy the company.
Cuban, who is also the co-founder of HDNet*** and the owner of Dallas Mavericks, an American professional basketball team, also said that YouTube will eventually be sued for "copyright infringement".
He told a group of advertisers in new york: "They just broke the law. The only reason why they have not been prosecuted so far is that no one has enough money to file a lawsuit."
Headquartered in san mateo, California, YouTube provides a convenient platform for users around the world to enjoy videos, and hundreds of millions of videos are played through its website every day.
This popularity has led market participants to speculate that the company may be publicly sold or listed.
However, users often upload copyrighted content, including music videos of famous artists, which also puts YouTube under great censorship pressure.
The representative of the company did not respond to Cuban's criticism.
Cuban said that due to possible copyright litigation, "anyone who wants to buy YouTube must be * * *". He said: "There is a reason that they are not listed yet. They haven't sold it. This is because they are in big trouble. " Cuban once sold startups to Yahoo and puServe.
YouTube has one-third of online video viewers in the United States, three times that of Google and twice that of MySpace.
The company is trying to sign licensing contracts with record companies and TV stations so that users can pay to watch these contents.
This month, YouTube announced the first formal licensing agreement, which will legally provide promotion video, an artist of Warner Music Group, in the future.
On the other hand, Cuban, who often causes controversy, also pointed out to advertisers that YouTube's audience has limited reach, especially the films made by users.
He said, "User-generated content won't disappear, but are you really willing to spend your advertising budget on movies where old aunts watch little nephews dance?" Cuban said rudely, "Someone made something really great, and as a result, 60,000 people?"
YouTube now provides banner advertising, promotion and sponsorship services.
The company also plans to launch different advertising options in the next few years.
Cuban reminds advertisers not to spend too much money on YouTube or other video sharing sites for so-called viral marketing.
But he strongly recommends advertising on high-quality TV programs, such as the HDNet TV network he founded.
Cuban thinks that 99% of the budget that advertisers spend on viral marketing is "wasted".
He said: "If it is so difficult, what is the point of viral marketing? It is difficult to plan and attract attention. You people just like being strikers. "