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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) Like our Facebook page and follow us on twitter for more smartphone news.

S ince the hiring of Goggle's executive, Marissa Mayer by Yahoo Inc., 1 year and 2 months ago, the company had undergone series of positive transformation which include the buying of Flickr, Tumblr among others, the rapid transformation of yahoomail giving it a more modern look and feel. The latest of these transformations  is the unveiling of a new Yahoo's logo. It almost as though Yahoo is undergoing a cleansing or a revolution with the steps that Yahoo's CEO Marissa is taking. This is the first time the yahoo logo would really see a change since 18 years it had been created. You would note that instead of the purple look of the logo, Yahoo used to be a red Yahoo logo. Not only has Yahoo changed since Marissa took over as CEO, many acquisitions and partnerships have been born and they are all doing well. This is just to show the leading ability of Marissa and her plans to revive the once web giant.