Actually, we run Hive-Tube servers as well at Agorise and cost of them only cost around 60€ per month, and that includes 8TB of storage. The bandwidth use is kept really low too since Hive-Tube leverages P2P streaming.
(remember Napster.. seeders and leechers)
RE: Checking out Beetoons Looks like it sends the videos posted to it through HIVE ...