AOL Launches Massive Video Division

As AOL continues to up the ante and vie to regain a cutting edge in the internet media market, it has announced that they are consolidating all of their video assets under one unified shingle. Ran Harnevo, co-founder of (recent AOL acquisition) 5min Media will head up the new venture, AOL Video. We recently covered AOL’s partnership with Vuguru and they are continuing to aggressively “add friends” such as NextNewNetworks and Electus. With yet another major media company putting a lot of their eggs in the online video basket, it is another sign that this is where AOL sees a future for lasting revenue streams and industry relevance. Check out their press release on all of this.