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Megavideo has high aspirations and isn’t afraid to say it — they want to replace YouTube as the online video leader. I love YouTube, but I also love competition and recognize that competition is the only way to keep all these guys fresh and on their toes. With Megavideo, you can earn money from your videos through their reward system (although you can really only get cash from them if you pay for their premium service), as well as add a personal Adbrite account to your video channel and keep all the revenue from that partnership. Their premium membership is $10 a month or $50 a year. Megavideo also touts that you get ‘quick seeking’ of videos, you can upload video in 20 languages, you can customize their video players to match your website or blog, upload videos faster, and download the original video files. All videos are categorized for easy search, they list the most popular and highest rated videos.

 Megavideo’s Words

Megavideo is aiming to replace YouTube as the leader in online video. Megavideo was built by the same people who brought you Megaupload.com. We allow our partners and users to keep 100% of all advertising earnings. Your content, your money. We just charge a little fee for bandwidth and coffee.

In a video on its homepage, the company claims to best YouTube for ten reasons:

1. Video publishers can earn money through a rewards program
2. Publishers can also earn money through AdBrite in-video advertisements
3. Users can move the playback position to anywhere in the video
4. The website supports twenty languages
5. The video player can be customized to match the designs of websites where you want to embed
6. There is no maximum playtime for video uploads
7. Video conversion takes no more than 30 minutes
8. Videos can be uploaded in batch
9. Original video files can be downloaded
10. Megavideo loves you more than YouTube

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Jason Bourne is back and TV Guide has an exclusive look at the Summer Blockbuster THE BOURNE ULTIMATUM. Meet the all star cast and check out the action from the red carpet.

The annual meeting of the “I Got Screwed By Eddie Murphy” club took place yesterday — and both angry members made sure everybody saw it go down.