Online video usage increasing as TV viewing declines

Safa Rashtchy, Managing Director and Senior Internet Analyst at Piper Jaffray & Co., has just reported the results of their latest survey of online users, which suggests that video usage is rapidly increasing, while TV viewing is declining. Google's YouTube is the top destination for video, ahead of TV Networks, with Google Video itself in the third place.

Rashtchy says this "suggests the mainstreaming of video usage is going beyond just amateur videos." He adds, "While YouTube became popular because of its variety of user-generated videos, we believe YouTube has now established a solid position as the main destination for video consumption overall. Further, with a proper strategy, YouTube could secure the top market share as video consumption expands."