It's a Web, Web, Web 2.0 world

It's not just Silicon Valley. The user-generated revolution is in full swing worldwide. Business 2.0 Magazine picks the best non-U.S. sites to watch.

Babelgum
Web video
Babelgum
On the outside, Babelgum might seem like another online TV-viewing outfit, like Joost. Unlike Joost, Babelgum isn't just moving mainstream television to the Internet. Instead, it is also offering niche programming, including independent and short films. In the near future Babelgum also plans to allow professional independent producers to automatically upload their videos to its site. The content is free for the consumer, but the company intends to make its money through targeted advertising. Co-founder Silvio Scaglia has already poured $17.8 million into the company and plans to spend another $130 million or so of his personal fortune to get the company up and running over the next few years.

CEO: Valerio Zingarelli

Location: Milan, Italy

URL: babelgum.com

Launch: January 2007

Funding: $17.8 million (co-founder Silvio Scaglia)

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.