It was a bad news week for online video businesses with Maven Networks and Joost, but it's not all doom and gloom and when you look at the financials of nine of the leading companies, as Will Richmond pointed out, they have collectively raised $64M in funding in Q2 '09 and a total of $219M has been raised by 26 companies over the last three consecutive quarters. Other good news reported by Dan Rayburn is that Brightcove profitable and cash flow positive. Dan says, "While this is a big deal for Brightcove, it's an even bigger deal for the industry and is validation that companies in this market can in fact create scalable, profitable businesses." Techcrunch also noted, Joost, Meet The Competition. Magnify.Net Sees Growth In White Label Video Platform. I spoke with Ooyala CEO and Co-founder Bismarck Lepe yesterday to get some insight on how his company is doing and his view of the market itself which has been overshadowed by the economic downturn. In a crowded field of online video platforms Mountain View, California-based online video technology company Ooyala sees growth. According to Ooyala, in June they signed more than 40 mid to large publishers 12-24 month agreements (of which 75% were taken from other platform providers) and self-serve product grew by another 1000+ publishers. This video, actually recorded several months ago at the Ooyala headquarters, features Bismarck along with Ooyala CTO and Co-founder Sean Knapp who talk about the core value of their online video platform which is based on modularity and how Ooyala is innovating beyond a content management system. The following is my interview with Bismarck Lepe from yesterday. This is not the transcript from the video. Larry Kless: So Dan Rayburn just talked with Jeremy Allaire this past week and Brightcove is saying they're profitable and we spoke several months ago and you said you were getting towards profitability. How's that progress? Bismarck Lepe: So we've also had months of profitability, being cash flow positive and we're invest...