It's about licensing (Score 1)

You guys are forgetting one very important thing. Google didn't buy YouTube because it's YouTube. Google now has licensing deals with BMG Sony, Universal Music, CBS and Warner Music Group. You can't tell me that's not worth something. You think copyright holders will insist their stuff be taken down when it's competing for licensed video content? Not bloody likely. That's like making an indie film and having it distributed with major studio releases. As a video copyright holder, why would I tell Google to take something down when it's getting the same exposure Sony, Universal and CBS are getting?