Brightcove Network Service is Closing

So I dont think it was 30 minutes that I hit publish and I received an email from another video service shutting down. On December 17, 2008 Brightcove will be shutting down its free Brightcove Network Service.

Brightcove is not shutting down completely, they seem to just be shutting down the free service and forcing those that wish to continue to upgrade to Brightcove 3.

Brightcove 3 is a major new version of the Brightcove online video platform that was launched on October 14, 2008. The new release has a completely re-designed user interface and a wide variety of powerful new features. You can learn more Brightcove 3 in our product section.

From the Compete numbers it actually looks like Brightcove is the small fish only when compared to YouTube.

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Yahoo Live Shutting Down

Back in March I was able to watch the Winter Music Conference shake its groove thing at night thanks to Yahoo Live.  It seems that Y! Live will be shutting down on December 3, 2008.

Earlier this week I read about Revver having financial issues, but the Founder answered the rumor and stated that they were simply migrating to a different and better provider.

I personally dont believe  him, but lets pretend that its the full truth.

I would be curious to see how the financials of companies like Blip.tv, Justin.tv,  Viddler, Vimeo, etc. and how they will weather the months ahead of fewer ad dollars to spend.