*Damon Wayans has teamed with YouTube for the launch of his new sketch  comedy channel WayOutTV (www.youtube.com/wayouttv).

       The outlet aims to serve as a creative haven for up-and-coming writers, directors, producers, actors and musical talent by showcasing sketch videos and allowing undiscovered talent and fans to respond directly.           

       "We are eager to bring our funniest comedy to the YouTube community and watch how they react -- it's like 'In Living Color 2.0,'" said Wayans. "For too long, comedy has been a one way dialogue, with comedians talking to an audience rather than with an audience. My entire goal is to make people laugh and at the same time find a way to be creative and collaborative with people who want to be a part of the process."       

       WayOutTV channel will showcase fresh sketch comedy videos produced by Wayans featuring aspiring young comedians handpicked by the "In Living Color" star. He'll also serve as the guest editor of the YouTube home page tomorrow Feb. 16 at 12 PT, which means he'll handpick all of the featured videos on display.