sorry i cannot find a better article on it
http://www.problogger.net/archives/2007/09/29/youtube-offer-publishers-adsense-embedded-video-players/I heard it on the radio
Youtube make money anyhow, advertising revenue.. When you watcn videos, youtube have banners advertising some crap, and they get paid to advertise it.
Apparently youtube will be giving a proportion of that revenue to people with popular videos.
Videos have to be creative/original.
apparently 2 are already in the category..
a woman making videos giving beauty/makeup tips . v popular
and 2 teenage boys making a sort of video diary of their life.
That is what I heard on the radio. A british radio station , 1152