How many video sharing sites do we need?
In April alone, three video companies got $30 million in funding. But with the number of services now at a staggering 173, including 85 that host and share videos, investors are starting to worry; now Two Time Warner sites are making serious moves into online video. CNN is expected to formally launch today a system for collecting user generated content, with video at the center of its strategy.
"User-generated content has the potential to play a pivotal role in journalism whether it's online or offline," Mitch Gelman, senior vice president and executive producer for CNN.com, said in a statement. "With CNN Exchange, we've essentially created a one-stop shop for CNN.com users to share their contributions with other Internet users."
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