Online video consumption moves from minutes to hours

Close to three percent of online video viewers watch more than 24 hours of online video per week, according to a new survey. And 62 percent of users profess that they are watching more video online than just a year ago, according to a similar study.

Blinkx Buys Burst Media for $30M

Online video search and ads company Blinkx announced Friday that it has acquired ad network Burst Media in a deal worth $30 million in cash and stock. The acquisition will nearly double Blinkx’s revenues by driving higher-CPM video advertising through Burst Media’s network of publisher sites.