Michael Learmonth posted an article last week that outlines the amount of money that has been poured into online video companies and platforms for the last several years:
2005: $1.764 billion
2006: $2.117 billion
2007: $2.009 billion
2008: $453 million
- data from DowJones VentureSource
Just back in March, we posted that investors had already put more than.
When you total up those investments along with various acquisitions (Youtube, Grouper/Crackle, Maven, etc...), the total for 2005-2008 is more than $8 billion and counting. As Michael points out, this excludes the money that has been poured into investments overseas.
In addition, he points out that while this seems like a ton of money, and it is; it pales in comparison to other speculative investments.
"Merrill Lynch wrote off $9 billion in bad mortgages in the first quarter of 2008 alone (and $29 billion since the meltdown began.)"
What do you think?