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Will Farrell and Adam McKay are expanding their Funny or Die franchise with Shred or Die, an action sports video portal headlined by Tony Hawk. Or Die Networks plans to launch more sites in the coming months, through similar partnerships with celebrities and sports stars.

Eat Dirt on ShredOrDie.com

Shred or Die is focused on skating, surfing, BMX and motocross and offers a much more user-generated experience than competing extreme sports sites. Users can be browsed by popularity and activity level and Tony Hawk regularly updates his video picks for the best user-generated content.

The site…

Next New Networks today announced syndication deals with a slew of online video portals.

The company which plans to launch 100 online micro-networks over the next five years will distribute content on YouTube, TiVo, blip.tv, Dailymotion, DivX Stage6, Joost, Veoh, Pando, Vuze, HandHeld Entertainment, and TVTonic.

For an entirely new media content distributor with no promotional platform to build awareness this makes a lot of sense. Regardless of a user’s preferred environment for online video they will be pushed Next New programming wherever they watch.

Video ad network BrightRoll has announced that they secured $5 million in Series B funding from two new investors - Adams Street Capital and KPG Ventures - and an existing investor, TRUE Ventures.

More interesting, however, is BrightRoll’s tag and boilerplate.

BrightRoll is the world’s largest and most trusted video advertising network, having served more than 1 billion advertisements in 12 months.

Thats just not a lot of impressions for a 12 month period.

Every so often someone will send me an e-mail and I will respond referencing a film or TV show. Sometimes, I’ll randomly text message a friend a line from the Big Lebowski, but I’d love to actually send a clip.

blinkBox which just launched in the UK enables just that, and they have partnered with some major content owners to enable personalization and syndication of great moments in film and TV online.

Above: This is What Happens Larry! (NSFW) | www.blinkBox.com

Much of the content is owned by studios and has never before…