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YouTube is Huge - and a Few Creators Are Getting Rich

2 weeks 5 days ago
"Google-owned YouTube's revenue last year was estimated to be $54.2 billion," reports the Los Angeles Times, "which would make it the second-largest media company behind Walt Disney Co., according to a recent report from research firm MoffettNathanson, which called YouTube 'the new king of all media.'" YouTube, run by Chief Executive Neal Mohan since 2023, accounted for 12% of U.S. TV viewing in March, more than other rival streaming platforms including Netflix and Tubi, according to Nielsen... More people are watching YouTube on TV sets rather than on smartphones and computer screens, consuming more than 1 billion hours on average of YouTube content on TV daily, the company said on its website. When YouTube first started its founders envisioned it as a dating site, according to the article, "where people would upload videos and score them. When that didn't work, the founders decided to open up the platform for all sorts of videos." And since this was 20 years ago, "Users drove traffic to YouTube by sharing videos on MySpace." But the article includes stories of people getting rich through YouTube's sharing of ad revenue: Patrick Starrr, who produces makeup tutorial videos, said he made his first $1 million through YouTube at the age of 25. He left his job at retailer MAC Cosmetics in Florida and moved to L.A... [Video creator Dhar Mann] started posting videos on YouTube in 2018 with no film background. Mann previously had a business that sold supplies to grow weed. Today, his company, Burbank-based Dhar Mann Studios, operates on 125,000 square feet of production space, employs roughly 200 people and works with 2,000 actors a year on family friendly programs that touch on how students and families deal with topics such as bullying, narcolepsy, chronic inflammatory bowel disease and hoarding. Mann made $45 million last year, according to Forbes estimates. The majority of his company's revenue comes through YouTube. He tells the Times "I don't think it's just the future of TV — it is TV, and the world is catching on." And then there's this... "My mom would always give me so much crap about it — she would say, 'Why do you want to do YouTube?'" said Chucky Appleby, now an executive at MrBeast. His reply: "Mom, you can make a living from this." MrBeast's holding company, Beast Industries, which employs more than 400 people, made $473 million in revenue last year, according to Business Insider. In the last 28 days, MrBeast content — which includes challenges and stunt videos — received 3.6 billion views on YouTube, Appleby said. Appleby, 28, said he's since bought a Jeep for his mom.

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EditorDavid

Can a New 'Dumbphone' With an E Ink Display Help Rewire Your Brain?

2 weeks 6 days ago
ZDNet's reviewer says "I tested this affordable E Ink phone for two weeks, and it rewired my brain (for the better)." It's Mudita's new Kompakt smartphone with a two-color E Ink display — which ZDNet calls "an affordable choice" for those "considering investing in a so-called 'dumbphone'..." Compared to modern smartphones, the Mudita Kompakt is a bit chunky at half an inch thick and five inches long. It's still rather light, though, weighing just 164 grams and covered in soft touch material, so it feels good in the hand. The bezels around the 4.3-inch display are rather large, with three touch-sensitive buttons for back, home, and quick settings, so navigating to key elements is intuitive, whether you're coming from Android or iOS. The phone features a fingerprint sensor to lock and unlock, and it's housed on the power button in the middle of the right side. I'm a huge fan of consolidating these two purposes to the same button, and it works flawlessly.... You can charge via the USB-C, but surprisingly, it also supports wireless charging. All in all, the battery is quite good. Mudita says it can last for up to six days on standby, with around two days of standard use. In my testing, I found this to be about accurate. On the left side of the device is a button that houses one of its key features: offline mode. Switching to this mode disables all wireless connectivity and support for the camera, so it truly becomes distraction-free.. [T]here is undoubtedly some lag in certain apps — such as the camera — due to the E Ink display technology and processor/RAM specifications. You will also likely notice some lag in text messaging if you tap quickly on the keyboard, often resulting in getting ahead of the spell-checking feature. As far as apps go, in addition to phone calls and text messages, the Kompakt includes an alarm, calculator, chess game, maps, meditation, weather, and a voice recorder. Phone calls "sounded great on both ends," according to the review. (And text messaging "works well if you don't tap too quickly on the keyboard.") But the 8MP camera produced photos "that look like they were taken over ten years ago." (And accessing the internal storage "requires connecting to a Windows PC and launching File Explorer," although "you can also just share photos via text messaging, as it's much faster than using a computer.") But ZDNet calls it an "attractive — if very simplified — E Ink display." Mudita is asking $369 now for preorder customers, according to the article, while the phone will be available in May for $439.

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EditorDavid

California Becomes the World's Fourth-Largest Economy, Overtaking Japan

2 weeks 6 days ago
"Only the United States, China and Germany have larger economies than California," reports CNN. In fact, they add that California "outpaced all three countries with growth of 6% last year," according to the California governor's office (which cites new data from the International Monetary Fund and the U.S. Bureau of Economic Analysis): In 2024, California's growth rate of 6% outpaced the top three economies: U.S. (5.3%), China (2.6%) and Germany (2.9%)... With an increasing state population and recent record-high tourism spending, California is the nation's top state for new business starts, access to venture capital funding, and manufacturing, high-tech, and agriculture. The state drives national economic growth and also sends over $83 billion more to the federal government than it receives in federal funding. California is the leading agricultural producer in the country and is also the center for manufacturing output in the United States, with over 36,000 manufacturing firms employing over 1.1 million Californians. The data shows that last year California accounted for 14% of America's GDP, CNN points out, "driven by Silicon Valley and its real estate and finance sectors."

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EditorDavid