*Source: News.com (
http://news.com.com/MySpace%2C+chasi...tag=nefd.top)*
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Two years ago, millions of MySpace users began adding video clips to their profile pages, helping to give rise to YouTube, which Google bought last October for $1.65 billion.
This week, MySpace, a division of the News Corp., will show that it is serious about challenging YouTube in the booming world of online video.
On Thursday, MySpace plans to rename and refurbish the video-sharing service on its popular social network. The new service, called MySpace TV, will be set up as an independent Web site that people can visit to share and watch video, even if they have not signed up for MySpace.
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