Yahoo To Launch a YouTube Rival This Summer

It has been reported that Yahoo is set to launch a YouTube rival this summer. According to reports, the service was supposed to have launched since April 2014 but was delayed due to contract issues.

Reports says that the new service will be more generous when it comes to revenue sharing with creators. Currently, Google's YouTube takes 45% of ad revenue but Yahoo seeks to give much more to the creators than for itself.

According to PCmag videos would only be made available on the YouTube contender from companies that Yahoo would have handpicked. Hence, uploading of videos by anyone won't be allowed.

It will be interesting to see how this works out for Yahoo under the leadership of Marissa Mayer currrent CEO of Yahoo. (pictured above)

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