Video - Wednesday, October 31, 2007
BestBuy Invests in Video Storage's Mydeo

Big box retailer Best Buy plans to launch an online service where its customers can store and share home movies and videos on the Internet through a partnership with Mydeo. BestBuy also took a stake in Mydeo.
Mydeo provides quality global streaming video hosting for home and business users. The site provides online tools that help users upload and distribute streaming videos as well as live statistics to track how popular videos have been.The cheapest plan from Bestbuy will retail for $6.97 per month and will allow up to 100 minutes of video hosting and a 30-minute time limit on the lengths of any one video, and 5K views of videos.
Wimbledon, UK-based Mydeo was founded in November 2003.
Mydeo CEO Cary Marsh gives us 11 reasons why they are not YouTube (does that sound defensive?)
1. We are not a destination site – our members’ videos are private and we don’t show them anywhere on our site. The user controls where the videos are viewed.
2. Our videos open in the standard Windows Media Player – so the user is not sent to a website for viewing where other content may not be appropriate.
3. Quality – we offer true high quality streaming video (not progressive download) at any resolution the user chooses. Youtube compress the videos to lower resolution to save bandwidth costs.
4.You can upload video up to 90 minutes in duration – youtube limit is 10 minutes. So you can stream the entire speaker, conference, training video
5. We can stream video captured in widescreen:
http://www.mydeo.com/videorequest.asp?XID=5747&CID=83612
Youtube compress to a standard viewing size meaning widescreen is lost. Most people are capturing and editing in widescreen these days.
6. We don't claim any rights to users’ videos (you grant all distribution rights to YouTube on upload).
7. We run no adverts on or around our members’ videos.
8. We put no logo or watermark on our members’ videos.
9. We are customer service focused – real people and fast customer response times. Youtube take around a week to get back to members’ queries.
10. We have built a trusted brand.
11. Small businesses can use Mydeo. (YouTube terms prohibit uploading videos for business purposes)
In short, we offer quality video hosting for people with content they value. Our membership is 50:50 consumers and small businesses and our users are mostly aged 30-50.
Read - WashingtonPost
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