Ustream launches pay-as-you-go Watershed

Ustream.tv has just launched a new service for Web sites and businesses called Watershed. Targeting the market that seeks a branded player and more customization for live events, Watershed offers a ton of management options outside the scope of the usual ustream player experience. Techcrunch has a good write up with a comparison sheet on the pricing model, noting that cloud computing model could end up being very pricey for a lot of producers.