Earlier this year, we reported that YouTube said they will be providing live streaming features by the end of 2008. According to a new report at Silicon Alley Insider, YouTube now says they will not be releasing live streaming this year and likely not even next year.

A source told Silicon Alley Insider that Google was “never really seriously considered a live video service.” The reason Google is against providing live stream was over hardware, software costs, and bandwidth fees. Reportedly, after the founder of YouTube told Sarah Meyers that they will be launching live streams, Google discussed it internally and decided to hold off on it.

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