An entire industry is building up around viral videos, as this infographic illustrates. Not only does YouTube connect video creators to Google AdSense for advertising revenue, the company has also built production studios in Los Angeles, Tokyo, and London to help the medium thrive. Content networks, public relations agencies, and analytics platforms are also popping up to predict, monitor, and promote success on YouTube and Vimeo. There are even awards shows like the Social Star Awards to honor the best the industry has to offer. Read statistics on how the web video industry has grown in the last few years in the infographic below.
Infographic courtesy of Masters in Marketing Degrees.