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| Video market is 'disappointing', says HDNet boss |
| Tuesday, 30 November 1999 00:00 |
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The development of the online streaming video market over the past few years has been "disappointing", an expert has said. Entrepreneur Mark Cuban, who is chairman of HDNet, said that despite the growth of streaming video sites such as YouTube, the market is not fully realising its vast potential, reports CNet. Speaking at the recent D: All Things Digital event in California, he pointed out that when Google bought YouTube, it diverted its attention to ubiquity rather than profitability, which has resulted in the market not being able to sustain itself. The business mogul said that YouTube is "literally subsidising the bandwidth for the world". However, he praised streaming video sites such as Hulu, which he believes is capitalising on current demand. "Hulu has done some great things and they are focused on monetisation," Mr Cuban commented. He added however, that the company has "some big pockets to appease". Earlier this year, Mr Cuban suggested that the increasing sophistication of mobile phones could result in the devices replacing laptops in the future. 
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