Internet users everywhere will soon be able to benefit from watching their favourite videos 'live' on the video sharing site YouTube.
YouTube has announced that it plans to introduce live video streaming later on this year.
Steve Chen, YouTube's co-founder,comments: "We'll do it this year. Live video is something we've always wanted to do but haven't had the resources to do it correctly, but now with Google we hope to launch something this year." 
To be honest this isn't a massive surprise as many of the other video sharing services already provide video good quality streaming services but as YouTube is the dominant force in this area of the internet this is good news for us all.
Other sites like Stickam and BlogTV could now be threatened by YouTube moving into this area. I think this is a good idea for us the viewers if it starts actually streaming good quality rare bands and DJ's live from their actual gigs.
YouTube was sold to Google in October, for $1.6 billion.
I wrote about a new Yahoo service called Buzz yesterday, well it has also launched a service similar to YouTube's. However, its definitive feature is its ability to let users see the other people who are watching the same video but only if they have webcams connected to the service. I can't really think why you would want to watch the other people watching the video, unless they were your friends online and you could choose to have your own bespoke gig with a select group of people.

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