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Saturday, January 27, 2007

Money for Web video gets bigger

Reuters writes about basement video producers who are starting to earn serious money for their cheaply-made clips; it's not unheard of for a single clip to earn $10,000 or $25,000. Yinka Adegoke writes:

    Martial arts expert Joe Eigo never imagined he'd win millions of fans and earn $25,000 when he posted a clip of himself performing a series of gravity defying acrobatics to a video sharing site.

    In uploading his "Matrix - For Real" video to Metacafe.com, Eigo joined the growing number of aspiring filmmakers who are benefiting from the new economics of online video sharing, a phenomenon made popular by YouTube.

    ...a growing number of users, particularly amateur filmmakers and wannabe stars, are seeking out other online video outlets. The promise is that not only might they find the fame they seek, but they could get paid for their work in the meantime.

(Yesterday, I updated my chart of sites that pay for Web videos, which got a nice mention earlier in the week on BoingBoing.)