It will be interesting to see if Magnify follows a Blinkx strategy with regards to partnerships. In fact, maybe there's value in both companies working together as Blinkx appears to have a strong video search network.

Check out our look at the NYC online video market which includes 5min and Magnify.net.

Earlier this week was the NY Video Meetup. Somewhere around 250 NY'ers attended and viewed a variety of demos and a healthy video discussion. One thing rang true throughout -- online video is HOT here in the city. So many companies, so many ideas and a amazing level of excitement/passion around online video.

Here are just a few of the companies in the online video space in the NYC area. I certainly forgot a bunch, so please leave them in the comments.

• Magnify.net - providing video upload, encoding, storage, delivery, and rev share mainly for video clips (CN Coverage)
• Blip.tv - a leader in episodic content (CN Coverage)
• 5min - moving offices to NYC next month - knowledge sharing (CN Coverage)
• Rocketboom - daily video show about anything with host Joanne Colan (CN Coverage)
• For Your Imagination - creating a variety of online-only video shows
• WallStrip - filming in NYC about stocks with host Lindsay Cambell
• Vimeo - video hoster and community creator (CN Coverage)
• ExpoTV - video reviews (CN Coverage)
• Kaltura - video collaboration (CN Coverage)
• Joost - NYC office is North American HQ - television replacement (CN Coverage)
• SavoryNY - restaurants video reviews (CN Coverage)
• WineLibraryTV - ok, he's in Jersey but we will allow it since he lives in the city - daily wine video show

While other areas of the country and the world are creating online video, NY is where it's at. Innovation, technology, people, community, it's all here. And Madison Avenue and Google are here to monetize it all.