> French online video share firm Dailymotion will see an $11 million investment from strategic investment fund FSI, as part of DM's latest funding round.
> Citing a need to streamline operations and reduce its break-even point in an effort to "create an operating model that will position Extreme Networks for sustained profitability as quickly as possible," network solutions provider Extreme Networks has cut its workforce nearly 10 percent, laying off 70 employees.
> Netflix will offer an online streaming-only video service--but not to U.S. consumers--during the second half of 2010, the company said during its Q3 conference call.
> In-stream video ad provider ScanScout has closed an $8.5 million Series B funding round with an investment from Singapore-based EDB Investments. The funding will be used to help the company grow its U.S. and Asian efforts.
> Video creation platform Animoto has teamed with photo- and video-storage site SmugMug in a two-way integration of the services that allows SmugMug users to create videos using Animoto and media stored on SmugMug; Animoto users, meanwhile, can export their personalized video creations to SmugMug for storage, sharing, and reselling.
> An angry entertainment lawyer in Germany has filed a criminal complaint against YouTube for music from 25 musicians he represents.