For those of you who haven’t seen it, YouTube is becoming the preeminent place to post video on the internet. Any user can upload a video to the site, which is then converted to Flash video and able to stream through their site, or through linking to it on your own. With the amount of traffic they are now generating, I can only imagine how huge the monthly bandwidth bill is.

YouTube is not only rapidly gaining users, but media executives are now beginning to take notice. Hopefully Hollywood has noticed the train that hit their friends in the music business, and will be able to see this one coming.

read more | digg story