MeraVideo – desi YouTube?
Kanwaldeep of BrainGain Media emailed me to inform me about MeraVideo. Mera Video is a self confessed YouTube clone as of now. The site has very similar features with the main difference being that the content is targeted towards an Indian audience. I had two obvious questions for Kanwaldeep:
1. What are your plans in terms of scalability? YouTube was burning more than a million dollars a month on bandwidth costs. How do you plan to monetize the website to keep it sustainable? Are you raising money for the same?
Kanwaldeep:
MeraVideo can be termed ‘as of now’ the Desi version of YouTube but has been designed to eventually generate monies thru various unexplored revenue streams. Some of the revenue streams include: Syndication of Content, A Television show called ‘India’s Amazing/Funny Videos’ and selling of premium accounts for users with high bandwidth usage requirements. The eventual goal is to be a ‘Media Content Aggregator’ for India. The main source of revenue ‘at this point of time’ is ‘Confidential’ and we plan to unleash it with the rollout of our Beta Version slated to be sometime end of this year. I am not in a position to share the ‘main revenue’ or monetization source at this point of time due to its confidentiality.
I agree, the main barrier to entry when it comes to scalability is ‘the high bandwidth requirements’ for running a video sharing site. To address the same, MeraVideo is raising its first round of funding. A lot of angels as well as early stage VC funds have expressed interest in this venture. We expect to close the first round in the next 20 days. The first round of funding is intended to address the following: Infrastructure, Scalability and Manpower, PR.
2. What is your stance on copyright material? I see lot of copyright material on your site. How do you plan to deal with that issue?
Kanwaldeep:
The real truth is that due to the sensitive nature of the subject it is very difficult to prevent any violation infringements with regards to the ‘intrusion of private space’. The other violation i.e. reuse of components such as Music, Clips etc. can be easily monitored using a skilled set of researchers who screen the videos manually. Apart from this we will always have the standard ‘Terms of Use’ and the ‘Privacy Agreement’ as our first defense mechanism. We screen every video that is uploaded on our site. We have taken permissions from respective producers and studios for most of the copyrighted stuff that you can see on our website i.e. movie promos etc. To further this, we are finalizing contracts with Sahara Motion pictures and UTV to allow MeraVideo to showcase their films/promos as well as movies. Being a part of the Producers Guild in Mumbai, we actually are very particular about copyrights infringement. That is probably the reason why you do not see any clips from Indian TV shows (like the laughter challenge) etc.
My Take
In general I am skeptical about clones of any sort. I think MeraVideo or any India targeted video portal will have to innovate locally in some aspects. My guess is that mobile integration could be the killer feature for the desi audience. The fact that MeraVideo has tie ups with big media houses is definitely a big plus in their favor. At the same time, the popularity of YouTube was to a large extent due to the availability of copyright TV content there. It would be interesting to see how VCs react to Video sharing sites post-YouTube acquisition. This is one space where you can not survive long without VC money! All the best to MeraVideo!
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