YouTube is said to increase the video length limit from the current 10 minutes to a whooping 15 minutes. There’s no confirmation from Google, but it would be a pretty significant move for the biggest video site in the world. While most videos on the site are significantly smaller that the 10-minute limit, it may come in handy in a lot of cases.

YouTube is also planning an event and contest to celebrate the increase, apparently something about “15 minutes of fame,” which would make sense. Users will be asked to submit videos, presumably over the 10-minute mark in length, and the winning entries will be featured on the homepage.

BDST: 1755 HRS, 30 July 2010