Waterfall Software today released iVideo 2.5, a significant update to its advanced video organizer and player for Mac OS X. Version 2.5 adds a new feature called “Sharing,” which allows users to seamlessly share movies across a local network. Once enabled, shared playlists automatically appear in iVideo on other Macs within a network. Other new features include multiple library support, three types of libraries to choose from, a live searching feature, and other enhancements and bug fixes. iVideo 2.5 requires Mac OS 10.2 or higher and is priced at US$19.95.