Times Online and Sky News Announce New Video Project, Will Use Brightcove

This morning, Sky News and Times Online announced they are teaming up to develop video content to be shared between the Times online and Skynews.com websites. Starting today, Times Online articles will include daily co-produced and co-branded videos. Sky News says the new co-produced videos will focus on two areas: business and home and foreign news. With Sky's expertise in video production and the Times editorial staff, it is a smart use of both company's resources.

For the new video service, I have confirmed that they will be using the Brightcove 3 platform. This is another big customer win by Brightcove who last month also won a large deal with AOL. For Brightove, they continue to lock up the UK market for online news sites with the Guardian and Telegraph already using their system and now the Times online, which does 20 million monthly unique viewers.

With so many new customer wins being announced by Brightcove, the company should see some very good revenue growth next year. And while some want to predict that Brightove will not be profitable by mid 2009, like CEO Jeremy Allaire said they would be, I'm willing to bet that Brightcove can be profitable in the next 6-8 months