Google Takes Big Hit And Doubles Google Video Payoffs
Google realized that giving short-term Google Checkout credit and disabling videos by the end of the month was pissing off a lot of people, so it has apologized and decided to more than double the compensation.
Besides promising to keep the videos working for an additional six months, Google is refunding to the credit cards of anyone who bought anything from Google video, and letting them keep their Google Checkout credit. That means that if you bought a video from Google, you get six more months to watch it, you get your money back in full, and you get an equal amount of credit at stores like Buy.com. What a deal!
Good of Google to fix this problem, but boy are they taking a hit. They are giving up 200% of all revenues from the Google Video store, making it an obscenely unprofitable enterprise. The only hope: That the store was such a colossal failure that the actual dollars being refunded aren’t that high. My, what a sad ending to this story.
