YouTube rival Dailymotion said it expected to make more than E10 million in revenue this year, despite only selling ads since July 2007.

Dailymotion CEO Mark Zaleski said. “We are in growth mode. We are past the start-up phase and now in the consolidation and monetisation phase.” Dailymotion's three founders own 21-22 per cent of the company while the balance is held by individual investors and PE firms.

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