Just a heads up before you buy a new camera. While you can get a digital camcorder for a few hundred dollars at your local best buy, you need to do some research abut what kind of video quality you want.
You're going to shoot L&C videos? If you want it to be professional quality, you're going to have to spend a lot more for a camera, as a little consumer cam ("one chip") is great for home videos, but not so great for making videos you intend to sell. Nothing irritates me more than paying for a clips4sale clip only to realize it's basically shot on a cellphone. A good professional camera (Cannon XL) will run at least 6 grand for HD, and around 3 grand for SD (Cannon GL2). In comparison, an HD consumer camera will be around a grand, but the difference is noticeable.
The most important thing you need to know, regardless of camera, is that video takes a TON of space. You WILL need to buy at least a 500gig external harddrive to store the footage you digitized. That'll allow you to edit it (if you have the software for that), make clips, etc.
Stuff like this takes a LOT of capital to start off. I think a reason so many of these companies fail is because they fail to comprehend how much work and money goes in to shooting, digitizing and editing decent quality video.
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