Word: schmidts
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Dates: during 2000-2009
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...YouTube team has built an exciting and powerful media platform that complements Google's mission to organize the world's information and make it universally accessible and useful,? said Eric Schmidt, Chief Executive Officer of Google. ?Our companies share similar values; we both always put our users first and are committed to innovating to improve their experience. Together, we are natural partners to offer a compelling media entertainment service to users, content owners and advertisers...
...Sitting on some $10 billion in cash, Google CEO Eric Schmidt told TIME recently that figuring out what to do with all that money was one of the company's key priorities. This deal, worth more than ten times Google's acquisitions last year combined, takes a big step toward resolving that issue. Schmidt told TIME last month that generating revenue from video was a challenge the company was intensely focused on. Google has recently been experimenting with new types of video ads, and has partnered with MTV to distribute short videos to third-party sites...
...YouTube has long denied plans to sell out. Founder Chad Hurley told TIME in August: "We're not for sale. We're definitely looking to stay independent." Apparently $1.65 billion changed his mind. But today, after announcing the acquisition, Google CEO Eric Schmidt said YouTube would retain independence, maintaining its staff and keeping its name. "It makes perfect sense to continue YouTube as a brand and as a community and as a separate business operation of Google," Schmidt said. Hurley said he saw the deal as a way of remaining independent while taking advantage of Google's resources to accelerate...
Google wants new friends. After signing a series of new partners, CEO Eric Schmidt says the Web giant's spate of recent deals is just a start. Schmidt talked to TIME about changing the company's philosophy and planning its next steps...
...TIME: You've done a series of recent partnerships with eBay, MySpace, MTV and others. What's driving these deals? Schmidt: Toward the beginning of the year, we recognized that we needed to get good at partnerships. I'm just going to try to be blunt here. It had not been a core part of how we were trying to run the company. So we tried to pick partners that represented different initiatives that we wanted to work with for a long time...