ReadWriteWeb

Vimeo, one of our favorite online video services, just announced a number of interesting updates. In the near future, Vimeo plans to give its users the ability to use an Adobe AIR desktop tool to upload videos to the service. These videos will also play in a larger video player. In addition, Vimeo plans to introduce a more advanced stats package for users with paid accounts.

YouTube's huge lead in market share over other online video sites continues to get bigger, even as the over all video viewing market continues a decline. According to traffic analysts Hitwise, YouTube now sees 75.43% of traffic to the online video category; that's up 26% from it's May 2007 marketshare of 59.95%. The nearest competitor is still MySpaceTV, which was down a whopping 44% to 9% marketshare. (Full chart of top 5 sites below.)

In April we reported that YouTube's dominance in online video was bigger than Google's dominance in search (67%). The new Hitwise numbers raise a number of questions for us.