YouTube: We Will Grow by Cannibalizing TV Ad Market

Financial Times: YouTube has downplayed the threat of Facebook displacing its dominance of online video, saying both companies will be able to grow rapidly for years by cannibalizing the television advertising market. Robert Kyncl, head of content and business operations at YouTube, said that the online video market was expanding so fast that “it will be a decade before we bump into each other.” He added: “Before it was just us and TV.” The arrival into the market of Facebook, disappearing messaging app Snapchat and Twitter’s video app Vine is a sign that online video is “becoming mainstream,” but none of them would derail the YouTube juggernaut, he continued.