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10/29/09 at 1:19 pm

Per CNET News, via Michael Willner …

Hulu has capitalized on providing ad-supported online video of television shows and movies to its users, but Paramount Digital Entertainment is betting that web re-runs [aren't] the only way to make online video profitable. The studio has created a professionally produced show, named “Circle of Eight,” exclusively for web viewers. The show kicked off yesterday on social networking site MySpace.

Entry filed under: Internet News & Trends. Tags: .

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