As the online video business continues to grow, video vendors are racing to introduce new products, eager for a piece of the $3.1 billion ad spending pie.

Companies from online media company Local Corporation, to ad serving platform Undertone, to ad network YuMe, to ad technology firm have all introduced new features in recent weeks and months. For more details on what this gold rush means, check out this week's edition of the New Media Minute.

-Daisy Whitney

Editor's Note: Daisy's New Media Minute is published and sponsored separtely from Beet.TV.  We are pleased to feature it regularly on our network.  AP