In an exclusive interview with Storyboard18, Ajay Vidyasagar shares how the company is fuelling its creators ecosystem, new revenue channels and algorithm secrets
A few weeks ago, Alphabet-owned Youtube made heads turn with its report on the creator ecosystem. The report claimed that the YouTube creative ecosystem contributed Rs 6,800 crore to the Indian economy in 2020.
Here, Ajay Vidyasagar, regional director, APAC, YouTube Partnerships, breaks down the numbers for Storyboard18 as he sheds light on the changing trends in content and how India is now seeing content beyond Hindi and English. “The language of YouTube is truly your mother tongue,†he says.
Edited excerpts.
Q. The YouTube creative ecosystem contributed Rs 6,800 crore to the Indian economy in 2020 your recent report says. Can you explain how?
Traditionally content was either movies, news or music but when YouTube came in we created this phenomena of content creation. 25 percent of everything that sits on YouTube is great quality productions from large media companies followed by another 25 percent which is highly engaging music content from music companies and music creators and 50 percent of what we have on YouTube today is creator content in different formats and different genres. This community is growing and in the process generating a huge amount of economic value in India—not just for creators but also for businesses, employees, and consumers across the country.