Online Ad Network Specific Media Acquires MySpace

Animoto, a company which allows users to create custom videos from a sort of "clipboard" in the sky, has raised $25 million in venture funding.

Social marketing platform provider Roost recently rolled out a free tool for small businesses to track how they’re faring locally with their Facebook marketing efforts, which often include videos targeted to local customers.

As more video is being produced and consumed on the Web, the marketplace for file footage is becoming a growing profit center for Hollywood studios, news organizations and sports leagues.

ABC News is producing a multimedia offering of text and video reporting in the form of a video book, or "vook," for the Apple iOS devices, Android and Nook Color. 

While online video advertising spending will increase by nearly 40 percent this year, the big opportunity for marketers is to create "useful" content, says Geoff Ramsey, CEO and co-founder of eMarketer.

LongTail Video, the New York-based provider of online video services, widely known as the provider of the open source JW Player, is serving a half billion ads into the streams of its publishing customers, says Dave Otten CEO in this interview with Beet.TV.

SAN FRANCISCO (Via Skype Video) -- Yidio, the online video guide which claims 10 million users, is launching today a personalized Twitter and Facebook feed for its users called Yidio Alerts.

FremantleMedia, the big Los Angeles-based television production company, producer of the hit global franchise,"Idols," is expanding its original Web offering with the "World's Greatest Mom," starring Daphne Brodgon, a stand-up comic and creator of the "Cool Mom" video blog.  

Online video advertising is on pace to grow a whopping 52% in ad dollars this year to surpass $2 billion in ad spend, eMarketer recently reported.