Last.fm Plans Custom Music Video Channels

Corey writes "CNet's Crave is reporting that the popular Web 2.0 music site Last.fm is planning to launch a video-on-demand service that dynamically creates a custom video channel for users in the same way it currently does with music. Read/Write Web also cites a recent press release quoting directors at Last.fm as saying they plan to host every music video ever created. This could well turn out to be the MTV of Web 2.0."