There is a quick, easy and free way to create a video community for a Web site with a service called Magnify.net.

I recently met Steve Rosenbaum, CEO of Magnify Networks, and he gave a quick summary of Magnify.net. So I’ll let him explain…

It’s really simple - if you’re thinking about putting video on your Web site, and you’re thinking I need an uploader, I need a page, I need someplace to store video, I need a way to organize it and a way to deliver it, basically what Magnify has done is bundled together all of those products into one package. So anyone who has an existing Web site can build a channel using Magnify really quickly. Or if you don’t have your own Web site, you can use Magnify to build your own video channel. The idea is that it’s simple, it’s free, it’s fun, and we have a great community off developers, so there are always new templates and ways to explore the service. it’s been growing really nicely, so you should play with it.

If you’re not familiar with Steve, he’s definitely a guy you want to listen to when it comes to video.

He is widely acknowledged as one of the early innovators in user-generated content, having created and produced MTV UNfiltered for the music channel in 1995.

Since then, Steve has explored user-created, or collaborative media production, as part of his work in mainstream media– including the peer-produced “7 Days In September,” as well as work for HBO, A&E, National Geographic, CNN and Discovery.

I’ve been using Magnify for a while for the Affiliate Summit Video Channel, and just the other day I created Affiliate Tip TV on there. I literally created it in minutes.

Lots of features with this system, including the ability to include blog posts and a video upload for a video blog, widgets to promote your video channel, easily customized templates, integration of the popular video hosts like YouTube and MySpace, site statistics, and RSS feeds.

Check it out at http://www.magnify.net/.