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Best Buy Bows Online Video Sharing Service

10/30/2007 10:40:00 AM Eastern

Minneapolis — Best Buy today launched Best Buy Video Sharing, a Web-based service customers can use to store and share videos.

Created in partnership with Mydeo, a provider of streaming video hosting for home and business users, the advertising-free, subscription-based service allows users to choose who can view the videos they upload.

“With the growing popularity of video, fueled in part by social networking sites, we’ve actually seen an increase in customer demand for alternative video-sharing solutions. Many customers, particularly families with children, don’t want their personal memories available for anyone to see in the public domain nor to they want to share them in a cluttered environment that includes advertising,” said Kevin Winneroski, VP, Best Buy. “Through Best Buy Video Sharing, customers can safely store their videos and share them only with the friends and family they choose.”

According to a release, the service will be merchandised online and in Best Buy stores and the retailer will also take a minority equity stake in Mydeo.

Subscriptions start at $6.97 for 100 minutes of video hosting and video lengths up to 30 minutes each. Premium plans are also available for longer videos, more video storage capacity and other sharing features. The service can be found at www.bestbuy.com/videosharing.

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