This past Nov 22nd Youtube had its first major live event. A concert featuring HDNet fave Joe Satriani , Katy Perry Will.I.Am and others.   Of course everyone involved in the space is chattering about whether or not the show was a success. According to Mogulus, the live internet broadcast peaked at about 700k simultaneous users. That’s huge for an internet audience.   I think by any traditional Youtube measure , you have to call it a success, with some major gotchas.

San Bruno, Calif. - The first live-streaming event offered by Google's (NASD: GOOG) YouTube over the weekend -- YouTube Live -- was watched by about 700,000 concurrent viewers at its peak, TechCrunch reported, citing Akamai data. The event featured a mix of both top-selling artists, like Akon and Will.i.am, and YouTube stars like Soulja Boy and Esmee Denters.

YouTube (NASD: GOOG) is going back to the future with creating appointment TV on the Internet. In the Mahalo Daily video above, YouTube’s Head of Marketing, Chris Di Cesare, talks about how they were urged by the community to do streaming live events. In response, they’ll do doing the first one on November 22nd with three streams from different angles. So what is the event going to be about? YouTube puts it this way: “Part concert, part variety show and part party, YouTube Live will bring together some of the amazing videos and unforgettable individuals that have contributed towards making the site what it is today.”

San Bruno, Calif. - Google's (NASD: GOOG) YouTube plans to host its first live streaming event next month in San Francisco, which will feature performances from a mix of both YouTube celebrities and artists including Akon and Will.i.am. The company secured Activision, Lionsgate and Virgin America as sponsors for the event. YouTube did not say whether the event is connected to previously announced plans to offer live streaming services.