Brightcove an internet TV startup has received fundingof $5.5 million in Series A from General Catalyst Partners and Accel Partners. Brightcove has an interesting vision although a bit too far-flung for me:

"The new IP video startup, called Brightcove, has been formed to encourage the "democratisation of video production and distribution" with the Cambridge-based company having a hand in all facets of IP video or Internet TV - creation, delivery and monetisation (that's making money to you and I)."

This space really seems to evolve with several startups now. I'm very interested to see what happens.