Win tickets to the ATP finals
The American wants to start commissioning his own programming, and work with broadcasters in unlocking their archives as part of a strategy to be “not a product company but a major distribution platform”.
Yahoo!, which began life as a simple internet search engine, has already begun showing television online. This month, the website gave a debut to Supernatural, a week before the show appeared on the WB Network in America.
However, Mr Semel indicated that he might want to cut the traditional broadcast network out of the process.
“I should assume that we will commission our own programming,” he said. “What will it look like? I don’t think it will look like broadcast — that’s too good. It has to have its own personality.”
Mr Semel, who ran the Warner Brothers film studio before joining Yahoo! as chief executive in 2001, aligned himself with on-demand, customergenerated content, arguing that the days when “we were the programmers, who decided what went on [TV]” were over.
“If you are an 18-year-old interested in film, you are not interested in what a 50 to 60-year-old critic thinks. You want to know what your buddy list thinks,” he said.
Mr Semel told an audience of Britain’s leading broadcasters at the Royal Television Society’s Cambridge Convention: “I totally invite people to look at companies like Yahoo!. We have a global platform.”
Yahoo! expects to have about 200 million “active users” by the end of the year, using services such as mail or web hosting. The company also believes that global internet advertising, currently worth $22 billion, is growing at 8 per cent a year, although it still accounts for only 3 per cent to 5 per cent of the total advertising market.
Mr Semel, on a rare visit to the UK, did not rule out acquiring a broadcaster.
Industry sectors news at a glance. Interactive heatmap, video and podcast
Everything the Business Traveller needs to know to make a better trip
Get ready for the winter sports season, with our resort guides and snow reports
We are backing British business, what is the confidence of the nation and what businesses are succeeding?
Growing demand for energy, oil that is harder to reach and the rise of carbon dioxide emissions. We examine the energy challenge
Enjoy further reading from Travel to Fashion, Business to Sport, discover more
Shortcuts to help you find sections and articles
36-month car lease
on contract hire for
£359.99 plus VAT pm
12 months for the price of 11 and a 5% discount.
Offer ends 31/11/09
The UK's leading alternative to showroom finance.
Finance packages tailored to your needs.
Minimum loan of £15,000
Car Insurance
£12,578 per annum
The Independent Housing Ombudsman
London
Competitive
Barclaycard
Not Specified
The Sheppard Trust
London
£80-95,000
Clay McGuire Executive Selection
Moments from Battersea Park.
For sale with Winkworth.
See your free Experian credit report beforehand
Book now & save over £100pp.
11 cool resorts, lowest prices... Early Booking offers 15 Nov.
20% off selected Azores holidays taken in October with Sunvil Discovery
Get covered on your travels with a superb range of policies at great prices. Visit InsureandGo.com
World Class Golf, Spa and preferential Beach Club. Private estate overlooking West Coast
Villas from £275 per night inclusive of Golf
Contact our advertising team for advertising and sponsorship in Times Online, The Times and The Sunday Times, or place your advertisement.
Times Online Services: Dating | Jobs | Property Search | Used Cars | Holidays | Births, Marriages, Deaths | Subscriptions | E-paper
News International associated websites: Globrix Property Search | Milkround
Copyright 2009 Times Newspapers Ltd.
This service is provided on Times Newspapers' standard Terms and Conditions. Please read our Privacy Policy.To inquire about a licence to reproduce material from Times Online, The Times or The Sunday Times, click here.This website is published by a member of the News International Group. News International Limited, 1 Virginia St, London E98 1XY, is the holding company for the News International group and is registered in England No 81701. VAT number GB 243 8054 69.