YouTube Co-founder Chad Hurley Preparing To Launch Rival Video Site

By Megan O'Neill 

Six-and-a-half years after selling YouTube to Google, co-founder Chad Hurley, who parted ways with Google in 2010, is preparing to launch a new video platform focused on collaboration, according to Adweek’s Tim Peterson.

Peterson reports that Hurley said during a Q&A session with Kevin Rose on Saturday afternoon, “I wish [South by Southwest] was a month later because I could unveil the new product,” which he says is “primarily video-based…and gives flexibility for people to work together and create content.”

Collaboration has been a huge theme for YouTube over the past year, with the opening of The YouTube Space collaborative studios in Los Angeles, London and Tokyo.  However, it sounds as though Hurley’s new project is focused on making collaboration in online video even easier and more effective.

It should be noted that very little information about Hurley’s venture has been made public and while it sounds like it will be similar to YouTube, Hurley points out that, “We’re not setting up to [kill YouTube]—now.  There’s always going to be a place for YouTube.”

Read more on Adweek and let us know what you think.  Are you looking forward to the launch of Chad Hurley’s new potential YouTube rival?

Megan O’Neill is the resident web video expert here at Social Times.  Megan covers everything from the latest viral videos to online video news and tips, and has a passion for bizarre, original and revolutionary content and ideas.