Shutterfly Taps Motionbox For Video Sharing Site

Redwood City-based Shutterfly said today that it has launched a new, video sharing site called Shutterfly Video, which will allow friends and family to share videos. The firm, which will offer the service via subscription, for $29.99 a year, and also offers a limited, 10 videos free account--said the new offering is powered by Motionbox. Financial details of the OEM deal were not disclosed. Motionbox is based in New York, and is backed by Constellation Ventures, Canaan Partners, and SAS Investors.