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"It's no secret that MySpace wants to get ahead of YouTube in web video, and Fox Interactive Media President Peter Levinsohn has a plan, of sorts: he says the company is in \"active negotiations with all of the media companies to create the most robust video offering from professional content on the web.\u201D  In short: calling up all the media companies and offering them better deals than GoogTube.\nHe refused to refer to it as the cliched \"YouTube killer\", even though a journalist pushed him on the question when he spoke at the Bear Stearns confab in Palm Beach, Fla.  He added that they'd build out a portal, offering the chance for \"a number of the media companies to get together\", according to Variety.\nThe problem of course, is that the media comglomerates see News Corp as competitor, just like they do with YouTube: they'd rather maintain ownership of the distribution channel if they can help it, but that opportunity is slowly slipping away.  The advantage MySpace does have over YouTube is audience: even their low-quality YouTube wannabe is getting some good traction thanks to the millions of users who frequent the site every day.  I don't hold out much hope of MySpace winning this one, but they're surely in the best position to knock YouTube off its pedestal."^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2007/03/07/myspace-youtube-killer/>