YouTube chief business officer Robert Kyncl called the streaming service’s growth “astounding” and said he isn’t worried about the competition.
In fact, he believes there is enough business to go around for every streaming platform, including Netflix, Amazon, Hulu and Facebook, which has recently placed a renewed priority on streaming content.
“YouTube is becoming more of a daily destination for people, with our daily users growing 50 percent,” said Kyncl told moderator and REDEF CEO Jason Hirschhorn Monday at TheGrill, TheWrap’s sixth annual Media Leadership Conference. “They are all astounding numbers.”
Kyncl, who oversees content, sales, marketing and operations at YouTube, said users uploaded 65 hours of video every single minute five years ago.