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Online Video Embraced
According to comScore, nearly 75% of U.S. Internet users watched an average of 158 minutes of online video in May - demonstrating that the couch potato is still alive and well but has just moved from the couch to the office chair.
comScore said Americans watched more than 8.3 billion video streams, and Google Sites once again ranked as the top U.S. streaming video property with 1.8 billion videos streamed (21.5% share of streams), 1.7 billion of which occurred at YouTube.com. Fox Interactive Media ranked second with 680 million streams (8.1%), followed by Yahoo! Sites with 387 million (4.6%) and Viacom Digital with 237 million (2.8%).
MySpace Co-Founder Moves into China
Brad Greenspan, who co-founded MySpace, has moved into the Chinese video market by purchasing equity stakes in Mofile.com and Hubotv.com.