I thought I knew all there was to know about MovieClips. If you asked me to summarize their business, I would have said, “They post short clips of premium Hollywood movies on YouTube and put some ads up next to the content.” But I would have been completely wrong. Yes, MovieClips is a Top 10 YouTube Network and the best place to watch scenes and trailers from Hollywood movies online. Yes, it’s the fastest growing network on the platform, with more than three billion video views in less than a year. Yes, it has content distribution deals with six major Hollywood studios — Fox, MGM, Paramount, Sony, Universal, and Warner Brothers. This is all true, and yet it’s also the tip of the iceberg. Read the full story at PandoDaily.