As the video space continues to emerge, our strengths in search, content, personalization and community make it possible for Yahoo to offer a highly engaging video experience for both users and publishers, said Jason Zajac, general manager of social media.

Yahoo Video allows users to access videos on the internet. It brings together content by crawling the web, accepting uploads, receiving direct feeds from partners, and leveraging the Yahoo Media Group’s content and industry relationships.

Yahoo already hosts and serves hundreds of millions of music, news, sports, movies, and television videos per month. Now, Yahoo Video will combine these with content from across the web and directly from publishers. Users can subscribe to and watch channels, groups of videos related by source or topic, to stay current on content from their favorite publishers.

Additionally, Yahoo Video enables users and video enthusiasts to participate in an active social community by rating, reviewing and sharing videos. Users can save videos to a My Favorites section and then tag them, making retrieval easier. Friends can share content via Yahoo Mail and Yahoo Messenger. In addition, users can also share uploaded videos by embedding a version of a Yahoo Video player with the video of their choice into their web site or blog.