Yesterday MySpace launched MySpaceTV, an enhanced version of the old MySpace Video. MySpaceTV is an independent website hosted on www.MySpaceTV.com and will not only be open to MySpace members but also to people without accounts. MySpaceTV will make it easier for members to integrate video content to their MySpace profiles. The service will, opposed to most video sites, focus on professional content opposed to user generated content.

The layout and functionality is a clone of YouTube. Have a look at mashable.com for an extensive comparison. This is a smart strategy to challenge the position as no1 video site. YouTube’s success was born on MySpace two years ago and now with 110 million visits per month MySpace seems confident that it will be a success and they will cut into YouTube’s lead.