Vid-Biz: Ads, FastCompany, Akimbo

Next Two Years Will Be Tough for TV Ads; Screen Digest predicts a slump in 2008 and 2009 as more ad money is spent online, where revenues are predicted to grow 17 percent every year until 2012. (Screen Digest (PDF))

FastCompany Launches Video Site; kicks off two shows from Robert Scoble, including a live show streamed through his phone. (

Update: Akimbo Got $8 Million; fourth round for the now-a-white-label-web-video-service brings the total it’s raised to $56 million. (PE Hub)

People on the Move; BlackArrow adds former Yahoo and Knight Ridder Digital exec Tracy Martin, while Nirvanix adds former Intel exec Mike Wall to its board. (BlackArrow: MediaPost; Nirvanix: emailed release)

Comcast to Buy; cable co. rumored to be spending $40 million for the online seller of tee times. (Silicon Alley Insider)

HungryFlix Ups Video Limits; users can now upload video files as big as 1GB. (emailed announcement) Releases New Obama Video; star cameos this time include Jessica Alba, Ryan Phillippe and George Lopez. (TVWeek)