Now let me discuss our online video business in more detail. We remain optimistic about the online video industry. First, in China online video is already a top Internet application with over 350 million users. We believe brand advertisers will continue to allocate more advertising dollars to this segment.Second, this was related with the significant decline in the market prices of online video content, which would ease the industry’s content cost pressure.
Sohu.com's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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