Vid-Biz: 56.com, MovieBeam, The L Word

56.com Raises $20M; Chinese video-sharing site hopes to emerge as the YouTube of China, where no one player is dominant yet. (VentureBeat)

MovieBeam Shutting Down; Movie Gallery confirms that it will discontinue the set-top box download service that it acquired earlier this year. (Video Business)

The L Word to Premiere on the Web Before TV; lesbian social networking site OurChart to get the season opener a week before Showtime. (Variety)

Bargain TVs Not as Prevalent This Year; prices have stabilized, and there is no longer a glut of flat-screens. Don warned you. (The Wall Street Journal)

Videos Taken of Assaults Pose Problem for Police; investigators grapple with questions over whether incidents caught on tape and broadcast on YouTube are real or staged. (The New York Times)