We know Facebook’s traffic and user-engagement stats continue to surge — seemingly at the expense of MySpace — but new data from Nielsen shows that MySpace rules when it comes to online video. In fact, it’s the top social-networking site when ranked by video streams, another sign that the “MySpace is dead” chorus may be a little premature. Granted, new CEO Owen Van Natta has a laundry list of things to fix, but getting members to watch videos (and the ads MySpace can plug into and around them) isn’t on it.
MySpace beat Facebook in terms of video streams by about 3-to-1 in April, with an average of about 40 minutes per viewer — a sizable audience for branded entertainment properties (like the new show BFF, sponsored by birth control-maker Ortho Women’s Health & Urology), music videos or even well-produced UGC. In contrast, Facebook’s members only watched about 11 minutes worth of video each.
See the rankings after the jump.

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