Vid-Biz: Panther Express, Hulu, Ads

Panther Express Raises $15.75 Million; content delivery company’s Series B round was led by Index Ventures, with Gold Hill Capital and existing investor Greylock Partners also participating. (PE Hub)

Hulu CEO: Keeps Video Ads Short; during IAB keynote speech, Jason Kilar urged advertisers to not recycle existing TV creative, but rather develop ads “suited to the environment.” (MediaWeek)

Project “Beyond :30” Researching What Ads You’ll Watch; a group of marketers, ad buyers and media outlets are banding together to research what kind of ads you’ll sit through in a newteevee world. (Advertising Age)

TMZ to Launch on MySpaceTV; the circle is complete, kinda, as the gossip show goes from the web to TV and now back to the web. (Variety)

Major League Baseball Slaps New Restrictions on Web Content; web sites can only show two minutes of video a day from material gathered at MLB facilities. (Lost Remote)