YouTube ^[1] has been in live broadcasting for quite sometime now. They have successfully live streamed content from Obama earlier this year and also other concerts in the past.

If you are a U2 fan, here is some good news, YouTube will be streaming the U2 concert from Rose Bowl, LA. The show which is part of the U2 360 ° tour will be streamed live, starting at 8:30 PM PST on Sunday, October 25th 2009.

The live webcast will be available in certain countries on the official U2 Channel ^[2] on YouTube. Users can also view the show highlights at U2 Official channel ^[3] once the show has been completed.

Live streaming a U2 concert is a definite win-win situation for YouTube, who have been serving up more than 1 billion video views daily. In addition to that, YouTube’s foray into the live streaming market may also send some jitters to established players like UStream and Justin.tv, who have been leading in the live video segment.

Are you a U2 fan? Will you be watching the live streaming of the U2 concert this Sunday? Do let us know through your comments.