YouTube Hits Two Billion Viewers

Popular online video sharing website YouTube has been receiving two billion hits a day, according to its parent company, the search engine Google.

Google said the website registers more than double the prime-time viewing figures for three of the major US television networks combined.

Chad Hurley, YouTube co-founder, told the BBC: “I see this great growth opportunity in the online video market, and we are positioning ourselves to be a leader. I feel we have much further to go.”

Hurley said that although receiving two billion users a day was a big deal, YouTube still had scope for expansion: visitors spend an average of just five minutes on the website, as opposed to the five hours they spend watching TV.

YouTube is looking to expand its audience with the launch of a new video rental service; however, recent reports confirm that the service is not performing as well as the company had hoped.