Wi-Fi TV (WTVI) Looks to Capitalize on User Content Creation
Over the past year new buzzwords have entered into the realm of internet such as Web 2.0 and User Content Creation. Companies such as YouTube and Myspace have been bought for exorbitant amounts of money only to see revenues become stagnant. The problem with user generated content is that there is no template on how to monetize it. Companies such as Wi-Fi TV have found a way to monetize user generated videos by offering internet TV channels to standalone producers. Tiers of functionality have been developed that allows the user to pay for access to a toolset and even share…