Mogreet.com was founded in 2006 in Venice Beach, CA and is a video messaging start-up that has just raised $5 M in VC series B funding led by existing investor Draper Fisher Jurvetson Frontier. Users can send mogreets (Mobile Greeting) via an MMS or as an attachment in a text message. It costs users about $0.49 to $0.99 per message sent. TechCrunch has 200 invities for readers to try the service for free. Mogreet has developed distribution deals with Paramount and other studios to distribute content. AT&T, Verizon and Sprint (more carriers will probably be supported) so that users can be charged directly on their monthly bill instead of having to pay by credit card. However, both the iPhone and Gphone offer the ability to send video media, for free! by simply clicking Media > Send as Gmail > Enter contact > Send, so I do not know why anyone would want to pay to do the exact same thing.