MySpace Beefs Up Video Sharing with ROO Investment

By Loren Baker, Editor | January 29, 2007

On the eve of YouTube making its major announcement that it will begin sharing revenue with its video uploading community, News Corp.; the parent company of MySpace.com and Fox Interactive, has invested in ROO Group.

ROO currently powers online global video content distribution and content syndication across many of News Corp’s premier properties including The Times of London, and The Australian and has content syndication partnerships with FOX News Channel and Sky News in addition to MSN.

What makes this more relevant to the MySpace video, YouTube and video search & sharing sector is that last week Roo Group acquired MyVideoDaily, a YouTube style video sharing & news network with over 18 video portals, video search engines and multiple desktop applications.

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