According to a video blog post from Chad Hurley, one of YouTube’s founders, the world’s most popular streaming video website currently enjoys more than a billion hits per day. The announcement marks the third anniversary of the site’s $1.65 buyout by Google, a price those within the search engine giant have since described as ‘a premium’. (more…)

Microsoft CEO, Steve Ballmer has put an end to persistent rumours that the world’s premier software manufacturer is looking to move into the burgeoning ebook reader market. Speaking at an event in the Netherlands, Ballmer informed a room full of journalists in no uncertain terms that Microsoft had no interest in doing so. The Microsoft head stated that the company already had ‘A device for reading. It’s the most popular device in the world. It’s the PC’ (more…)

Daniel Elk, one of the men behind internet radio service, Spotify has drawn attention to the continuing difficulties of making money from online music by hitting out at the perception that popular online music companies should be making money immediately. (more…)

Eric Schmidt, Google’s CEO, has spoken to reporters at a New York press conference about his belief that the advertising industry has ‘bottomed out’ and that there are signs of recovery in the US and European markets. Schmidt’s bullish mood reflects Google’s overall policy of ceaseless expansion which has continued with very little concession to the brutal recession that has hit companies, and in particular advertising companies, hard over the last few months. (more…)

Microsoft CEO, Steve Ballmer wowed an audience of government ministers and company executives at the opening of Microsoft’s new corporate HQ in France when he gave a ten minute speech entirely in French. Guests and dignitaries were apparently not expecting to be spoken to in their own language by one of the most important men in the computer industry. (more…)

Channel Five, or five as they like to be known now, has launched an ambitious plan to boost the viewers of its Europa League Coverage, an iPhone app. Football fans are now able to download an application that will allow them to enjoy live feeds of Thursday night games featuring the likes of Fulham FC, Aston Villa and Rangers. The app costs a one-off £3.99 for access to a season’s worth of live games and highlights packages. (more…)

According to recent research from Cisco UK, Great Britain’s broadband service is not fit for the country’s future needs. Whilst the current broadband speed is sufficient for today’s sites and internet capabilities, Cisco believes we will struggle to compete with the next generation, Web 3.0, if you will. (more…)

Spending on online advertising has overtaken television for the first time, according to a joint study from PriceWaterhouseCoopers and the Internet Advertising Bureau. The rise in spending is being touted by industry analysts as a huge milestone in the evolution of advertising. (more…)