Russian YouTube Acquired By Gazprom
Here is another reason to pay attention to the Russian Internet space.
Gazprom Media (part of the Gazprom) has acquired the Russian copy of YouTube - the video sharing site Rutube.ru. The site was started right after the older brother was bought by Google. The Russian site has not received the same amount of money, but the specialists all agree that it was still overestimated ($ 15 mln). This sum is probably nothing for Gazprom, but the deal means a lot not only to RuTube guys, but also to the industry. I don’t know the official statistics, but it seemed to me that the site had been dying out lately, even before YouTube launched their Russian interface. Now the competition will become even tougher on them, and Gazprom’s investements might give them a chance to fight.
I disagree with the analysts who expect RuTube to become just an Internet platform for their more traditional media channels (the holding is strongly represented in TV, radio and print media). The guys there are not stupid, even if they do not have that huge experience in the net. Moreover, none of the RuTube staff are leaving - everybody, including the tops are staying with the company. It looks more like RuTube won a good round of funding, so I believe, content-wise there are not going to be any significant strategic changes.
As for the industry impact, Russian Internet is heating up. We remember the last year’s big news when russian holding SUP bought Livejournal - the social network most popular with the Russian audience. I also wrote just yesterday about another social networking site - Hi5 - launching their Russian interface, and I believe, more news will be coming from the country.