About Boardroom

Boardroom is a sports, media and entertainment brand co-founded by Kevin Durant and Rich Kleiman and focused on the intersection of sports and entertainment. Boardroom’s flagship media arm features premium video/audio, editorial, daily and weekly newsletters, showcasing how athletes, executives, musicians and creators are moving the business world forward. Boardroom’s ecosystem encompasses B2B events and experiences (such as its renowned NBA and WNBA All-Star events) as well as ticketed conferences such as Game Plan in partnership with CNBC. Our advisory arm serves to consult and connect athletes, brands and executives with our broader network and initiatives.

Recent film and TV projects also under the Boardroom umbrella include the Academy Award-winning Two Distant Strangers (Netflix), the critically acclaimed scripted series SWAGGER (Apple TV+) and Emmy-nominated documentary NYC Point Gods (Showtime).

Boardroom’s sister company, Boardroom Sports Holdings, features investments in emerging sports teams and leagues, including the Major League Pickleball team, the Brooklyn Aces, NWSL champions Gotham FC, and MLS’ Philadelphia Union.

All Rights Reserved. 2025.

20 Years of Play: How YouTube Evolved into a Global Media Empire

Last Updated: April 24, 2025
Two decades after its first upload, YouTube celebrates viral moments, billion-view milestones, and the rise of a multi-billion-dollar creator economy it helped build.

On Feb. 14, 2005, a website was founded with a simple premise: provide an easy way for people to share videos online. That site was YouTube.

Just a couple of months later, on April 23, 2005, co-founder Jawed Karim uploaded an unassuming 19-second clip titled Me at the zoo. Standing in front of the elephant enclosure at the San Diego Zoo, Karim remarked on their “really, really, really long trunks.” Little did he — or anyone else — know that this humble beginning would spark a revolution in media consumption, content creation, and digital culture.

Today marks the 20th anniversary of that first upload. Since then, YouTube has evolved into more than just a repository of over 20 billion videos; it has become a global entertainment giant, a career launchpad for millions, and a business powerhouse that continues to reshape the media landscape.

From Viral Clips to Cultural Phenomena

Founded by former PayPal employees Chad Hurley, Steve Chen, and Karim, YouTube tapped into the burgeoning desire for user-generated content in the mid-2000s. Its simple interface and the ability to easily embed videos on other sites, like the then-dominant MySpace, fueled rapid growth. It wasn’t long before the concept of “going viral” became synonymous with the platform.

While Me at the zoo holds historical significance, other early videos truly showcased YouTube’s potential for creating shared cultural moments. Its early years were characterized by spontaneous, user-generated content that captured the internet’s imagination. Videos like Charlie bit my finger – again ! (2007), which featured a British toddler biting his brother’s finger, has amassed over 887 million views and quickly became symbolic of the platform’s viral potential. Similarly, Maru, a Japanese cat known for his love of boxes, garnered over 535 million views across various videos, which once earned a Guinness World Record for the most-viewed animal on YouTube.

The platform’s explosive growth quickly caught the attention of tech giants. In a move that seemed astronomical at the time, Google acquired YouTube in November 2006 for $1.65 billion in stock. This acquisition provided YouTube with the resources and infrastructure necessary to scale globally and handle the ever-increasing volume of video uploads, which now exceeds 500 hours of content per minute.

As YouTube matured, music videos began to dominate view counts. Luis Fonsi’s “Despacito” music video (2017) held the top spot for several years, with over 8.7 billion views, until it was surpassed by Pinkfong’s “Baby Shark Dance” (2016), which has amassed over 15.8 billion views as of April 2025. Other notable entries include “Johny Johny Yes Papa,” Cocomelon’s “Bath Song,” and “Wheels on the Bus,” each securing billions of views and highlighting the platform’s appeal to younger audiences.

The Dawn of the Creator Economy

Crucially, Google began integrating its advertising expertise quickly after acquiring YouTube. In December 2007, YouTube launched the YouTube Partner Program, allowing creators who met certain criteria to monetize their videos through advertisements managed by Google AdSense. This was a pivotal moment, transforming YouTube from a simple sharing platform into a viable career path. It laid the foundation for the modern “creator economy,” empowering individuals to build audiences, generate income, and turn their passions into professions directly through the platform. Since 2021, the platform has paid over $70 billion to creators, enabling individuals to build careers and businesses around their content. The creator economy is projected to reach $500 billion by 2027, with the number of global video creators expected to triple from 2022 levels.

Leading the creator dynasty charge on YouTube is individual creator MrBeast, who captured the top spot with over 386 million subscribers through an unprecedented formula of high-stakes challenges, extreme generosity, and viral philanthropic stunts. Alongside him sit corporate media behemoths like India’s T-Series (292 million subscribers), leveraging vast libraries of music videos and film content to dominate regional markets, and specialized channels like Cocomelon (192 million subscribers), Vlad and Niki (138 million subscribers), and Kids Diana Show (133 million subscribers), which command massive global viewership among young children using catchy animations, nursery rhymes, and relatable family-centric play scenarios. These vastly different approaches demonstrate the diverse paths to achieving monumental scale on the platform, building foundational audiences for broader influence.

This massive reach, built through distinct on-platform success, invariably fuels off-platform ventures. MrBeast‘s spectacle-driven content directly supports ventures like his Feastables snack brand and a reality competition show on Prime Video dubbed Beast Games. Similarly, the legacy of long-time top creator PewDiePie (110 million subscribers), built over a decade of pioneering gaming content and evolving commentary that fostered a strong community, enabled successful merchandise lines and game development. Newer top channels, such as the Stokes Twins (123 million), known for their high-energy pranks, also leverage their massive followings.

Whether through viral generosity, sheer volume of content, targeted demographic appeal, or personality-driven entertainment, the ability of these top channels to consistently captivate millions on YouTube is the engine driving their status as both content powerhouses and burgeoning business empires.

Stay Ahead of the Game, Get Our Newsletters

Subscribe for the biggest stories in the business of sports and entertainment, daily.

Looking Ahead

As YouTube celebrates its 20th anniversary, it continues to evolve, adapting to technological advancements and shifting consumer behaviors. In 2024, YouTube generated $36.1 billion in advertising revenue, a significant increase from previous years. But the business model has evolved beyond just ads.

YouTube Premium and YouTube Music offer ad-free viewing and exclusive content, with a combined subscriber base of over 125 million globally as of March 2025. YouTube TV offers a live television streaming service, competing directly with traditional cable providers. Responding to the rise of short-form video popularized by TikTok, YouTube launched Shorts in 2020. This vertical video format has seen explosive growth, averaging over 70 billion daily views globally and becoming a major driver of engagement and channel growth.

The platform’s economic impact is undeniable. A 2023 Oxford Economics report suggested YouTube’s creative ecosystem contributed over $45 billion to the U.S.’s total economic activity alone. It fuels a vast creator economy, supporting jobs not just for creators themselves but also for editors, managers, production teams, and marketers.

With its vast user base, diverse content offerings, and integration into mainstream media, YouTube is poised to remain a dominant force in the entertainment industry. As CEO Neal Mohan aptly stated, “YouTube is the new television,” underscoring its pivotal role in shaping contemporary media consumption.

More Tech:

Michelai Graham

Michelai Graham is a tech reporter and digital creator who leads tech coverage at Boardroom, where she reports on Big Tech, AI, internet culture, the creator economy, and innovations shaping sports, entertainment, business, and culture. She writes and curates Tech Talk, Boardroom’s weekly newsletter on industry trends. A dynamic storyteller and on-camera talent, Michelai has covered major events like the Super Bowl, Formula 1’s Las Vegas Grand Prix, and NBA All-Star. Her work has appeared in AfroTech, HubSpot, Lifewire, The Plug, Technical.ly DC, and CyberScoop. Outside of work, she produces the true crime podcast The Point of No Return.

About The Author
Michelai Graham
Michelai Graham
Michelai Graham is a tech reporter and digital creator who leads tech coverage at Boardroom, where she reports on Big Tech, AI, internet culture, the creator economy, and innovations shaping sports, entertainment, business, and culture. She writes and curates Tech Talk, Boardroom’s weekly newsletter on industry trends. A dynamic storyteller and on-camera talent, Michelai has covered major events like the Super Bowl, Formula 1’s Las Vegas Grand Prix, and NBA All-Star. Her work has appeared in AfroTech, HubSpot, Lifewire, The Plug, Technical.ly DC, and CyberScoop. Outside of work, she produces the true crime podcast The Point of No Return.