Vid-Biz: Cablevision Sued, YouTube Successful, Ads Working

Cablevision Customers File $450 million Class Action Lawsuit; The plaintiffs are asking for about $450 million in damages, which is about the equivalent of one month’s cable bill for the company’s three million subscribers. (THR, Esq.)

Promoted Videos Hit Half a Billion Views; YouTube displayed some 500 million promoted videos in the two years since it first introduced the ad format. (YouTube Blog)

Publishers in BrightRoll Study Point to Online Video Advertising as a Rapidly Growing Category and a Trusted Source of Revenue; Surprise: online video ad network says video ads are working. (press release)

And the Winners Areā€¦ My Piece of the Peace Corps Contest; judging from the winners, it looks like the folks at the Peace Corps really dig acoustic guitars. (Peace Corps Blog)

23Video Takes The Fight To Brightcove And Ooyala, With A WordPress-For-Video; startup offers a full, out-of-the-box video site, mapped to your own domain, with a branded videoplayer for $675 a month, which includes 1 Terabyte of traffic. (TechCrunch EU)

Xbox or Cable Box? Game Consoles Emerge as Serious Threat to Cable; video game consoles are quickly emerging as the biggest threat to the cable box, especially in the under-17 demo. (AdvertisingAge)

A Short Film Shot Entirely With the Nokia N8; The seven-and-a-half minute long movie looks amazingly good, considering it was shot entirely with a cellphone. (Mashable)