MegaVideo, one of the newest video sites, has challenged YouTube users to switch to their service. This is a bold statement that is giving them a lot of media attention. Even if YouTube users decide not to switch to them in masses, the PR storm will surely increase awareness.

To back up their ambitions, they have released a video that gives YouTube users 10 reasons to start using MegaVideo. You can see this video below.

The top reason for switching to MegaVideo, according to them, is that you earn money on your video with their rewards program. With an AdBrite publisher account, you can earn ALL the revenue generated by advertising in your video. Also, there is no maximum playtime for uploaded videos.

All in all the offering doesn’t seem bad at all. Who knows if it will help filmmakers and videoagraphers make money. We’ll see what YouTube users make of it over the coming months.