MySpace, a place for finding talent?

NewTeeVee reports that MySpace, along with the FOX network and the Producers Guild of America, is launching a new video competition, which aims to seek out new television production talent via the social networking site. Dubbed the "Storyteller Challenge", starting September 4, MySpace will ask for 5-to 7-minute television "pilots" to be submitted and voted on by users of the site. Two winners will be rewarded with a $25,000 pay-cheque, as well as the possibility of a development deal with FOX. As TechCrunch notes, MySpace has already had success with their short form webisode, "Prom Queen", which delivered over 15 million streams during its first season and is readying for a second one. And of course there was the MyMovie Mashup, ...