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YouTube is Dead – Maybe

Benjamin Wayne, CEO of Fliqz, a white label video streaming  service has lit up the blogosphere with his prognosis that YouTube is doomed and is currently on life support.

His opinion was based on a recent Credit Suisse report shed some light on how much money Google is using on YouTube and he believes that the search engine giant won’t continue to hemorrhage money indefinitely.

I find this interesting given the recent announcements about the ease through which the new iPhone 3GS and other devices can post content directly to YouTube. It would seem that because of the high operating costs of streaming video and the challenges of monetizing it, YouTube will become consumed by it’s own success.