Best Buy Launches Video Sharing Service

Minneapolis, Minn. (AHN) - Best Buy Tuesday unveiled a video sharing and storage service, Best Buy Video Sharing, as part of an agreement with hosting company Mydeo.

The new online service plans begin at $6.97 for 100 minutes of video hosting and video lengths up to 30 minutes each. The service allows customers to upload personal videos and share them online.

Best Buy also acquired a small stake in Mydeo, which streams video for home and business, for an undisclosed sum.

The video sharing service is just the latest Best Buy effort at content distribution. Earlier this year, the electronics retailer announced the Best Buy Photo Center, a service in partnership with Kodak letting consumers store and share images. In 2006, Best Buy launched a digital music store.