Following the sale of YouTube network AwesomenessTV to DreamWorks for $33 million, Barclays' analyst Ryan Ripp said, "…it is clear that YouTube has emerged as a new type of major video content distribution platform, and a major business that adds value for both Google and content creators." Google's ( GOOG) video platform accounted for over 34% of total online US video views, according to last week's earnings report. In new research, Ripp estimated YouTube generates $3.6B and $4.3B for GOOG with operating margins as high as 35%. Backing out the business, the analyst calculated that YouTube is worth between $15.6B and $21.3B or $46 - $63 per GOOG share. Both AwesomenessTV founder Brian Robbins and DreamWorks' Jeffrey Katzenberg appeared at YouTube's recent Newfront presentation.
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