OopsTube: Looks Like Google Bought the Wrong Online VideoTube

[gonzo]

Let's crunch some numbers and do some very basic math.

• Google last week agreed to pay $1.65 Billion for YouTube, an on-demand video file-sharing service.
• How will they monetize it? No one is quite sure.
• Meanwhile, here are a couple of interesting, though seemingly unrelated, business factoids from CNN's (weirdly similar to Anderson Cooper) Glenn Beck, who is currently hosting a 589-part, four-year investigative reporting series called Porn: America's Addiction!:
  - Pornography makes more money than professional football, baseball and basketball combined.
  - Overall, the porn industry in the U.S. is a $12 billion dollar sport business.
  - There are 4.2 million porn sites in the U.S. that have been visited by Beck (assuming CNN takes fact-checking seriously).
  - Those porn sites generate $2.5 billion annually in revenue.
• Now, how is this related to Google's purchase of YouTube? By simple math.
• Minyanville has learned from CNN Special Porn Correspondent Glenn Beck that there is apparently a porn-themed web site called PornoTube that does the same thing YouTube does, except with porn.
• Calm down and dismount from your high horse for a minute to just look at the numbers.
• Online porn generated $2.5 billion in revenue last year.
• YouTube generated approximatelty $50 million in revenue last year.
• Therefore, by my calculations, if YouTube is worth $1.65 billion then PornoTube is worth approximately $8.73 to $11.46 trillion.

http://www.minyanville.com/articles/index.php?a=11443