YouTube converts videos to WebM format

It has been almost a year since Google announced its open-source WebM video format, and now the time is right for YouTube to begin transcoding videos into this new format.

Folks from YouTube are already working hard on converting of most popular videos on YouTube to WebM, and according to them, it seems that about 30 percent of all videos have been converted to this format. In addition, all new vides are now automatically converted into WebM, a video format that is based around VP8 codec that is intended for use with HTML5 video.

Premium channels coming to YouTube?

Google has been planning a way to monetize YouTube for a while, it seems like that next step is going to put that plan in motion soon – we might see premium channels on YouTube.

According to the sources, Google is planning to create about 20 premium channels that will have five to ten hours of original programming. It seems that Google is quite serious about this one, since it is planning to invest $100 million for this original content.
Although it appears that Google is quite determined in its intention,