Best Buy (BBY) Goes Video

Since every other company in the world from NBC to Wal-Mart (WMT) to Amazon (AMZN) is in the video distribution, why not Best Buy (BBY)?

Why not, indeed. Today the company launched Best Buy Video Sharing, an online-based solution for customers to safely store and share home movies and videos via the Web.

Best Buy Video Sharing is a subscription-based service for users to upload their personal videos for sharing on web sites and blogs, with family and friends, or in e-mail messages. Unlike many other video sharing services, Best Buy Video Sharing allows the user to choose who can view their home videos, and enables the user to do so in an advertising-free environment.

Best Buy Video Sharing was created in partnership with Mydeo, a provider of quality streaming video hosting for home and business users. The service will be merchandised online and in Best Buy’s retail stores.

Base plans start at $6.97 for 100 minutes of video hosting and video lengths up to 30 minutes each. Customers can chose premium plans for extended video lengths, additional video storage capacity, and other sharing features.

While it does seem like a good idea, the program competes with 10,000 others not unlike it.

Douglas A. McIntyre