Users who will upload videos on YouTube will be getting a share of the revenue generated by the video, the website's co-founder Chad Hurley said.

Announcing the initiative to the media, the 30-year old Hurley, said, "We are getting an audience large enough where we have an opportunity to support creativity, to foster creativity through sharing revenue with our users. So in the coming months we are going to be opening that up". However Hurley did not reveal details about the percentage that will be given to the users.

YouTube will be following the footsteps of another video sharing site Revver. In October 2005, Revver had announced a revenue sharing system for its users where the ad revenue generated by the video will be split with the user who had originally uploaded.

Speaking at the World Economic Forum, Hurley revealed that he, along with the site's other two founders, Steve Chen and Jawed Karim, had thought of starting a revenue sharing system. However the plan was rejected as it would lead to users uploading the video for money and not for the love of videos.

YouTube was bought last year by internet search engine giant Google in a deal reported to be around $1.65 billion. Over 70 million videos are viewed on the site each day.

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