Yahoo and Al Gore launch YouTube rival
Partnership with CurrentTV yields Yahoo Current Network
Yahoo has partnered with CurrentTV to create a new contender in the increasingly crowded user-driven video space.
CurrentTV is a US cable network co-founded by former US presidential candidate and former vice president Al Gore.
The joint venture, dubbed the Yahoo Current Network, will feature content generated by users and paid staff across four categories.
However, unlike other user-video sites where the only reward is a bit of notoriety and several thousand MySpace links, the best videos in each of the four categories will receive $500 and airplay on CurrentTV.
The Yahoo Current Network launch comes one day after Microsoft unveiled a beta version of its Soapbox video-sharing service.
Full story: vnunet.com