Cingular Wireless LLC has agreed to sponsor an online battle of the bands on YouTube Inc., providing the Internet's most watched video site with a cash infusion as the rapidly growing startup tries to prove it will be able to parlay its popularity into profits...Cingular sponsorship gives YouTube cash - Yahoo! News
YouTube has been subsisting on credit card debt and $11.5 million in venture capital since Hurley and Chen, a pair of 20-something buddies, launched the company in a Silicon Valley garage 19 months ago.
Wednesday, September 20, 2006
Cingular sponsorship gives YouTube cash
Is there money in them free videos?