YouTube Undercut by Video Newcomers Vessel, Snapchat

Wall Street Journal: Facebook, Snapchat and streaming-startup Vessel are promising large TV-channel owners better terms for their video programming than YouTube, hoping to capitalize on mounting frustration with the web giant in the entertainment industry. The challengers to YouTube have been in talks with programming suppliers such as Viacom, Time Warner, NBCUniversal and 21st Century Fox. They are all promising more generous revenue-sharing deals than YouTube, which lets content creators keep 55% of ad revenue.