Best Buy targets online video sharing

Best Buy on Tuesday launched a new service for its customers to store and share home video. The move is Best Buy's latest effort to expand beyond retailer to become a services provider.

Think about it. Best Buy will install your home theater, fix your computer and now store your videos. It also has a digital music store and photo center via a partnership with Kodak. Best Buy's service, outlined in a statement, is subscription based and allows customers to upload videos to share and embed in Web sites, blogs and email. It's ad free and users can choose who sees the video (after all you probably don't want your first child's birth on YouTube).

The base plan will run you $6.97 for 100 minutes of video hosting with video lengths up to 30 minutes. Customers can choose premium plans for more storage and longer movies. For $10.47 a month, Best Buy will allow you to upload movies 90 minutes long, store up to 250 minutes of video and get statistics.

Best Buy's service is delivered via a partnership with Mydeo, a video hosting service. Best Buy is also taking a minority equity stake in Mydeo.

Update: Mydeo informed me that if you go to the Best Buy cobrand first you're redirected back to the cobrand instead of Mydeo. The link above was amended to get you directly to Mydeo.