Compared to images, videos better reflect real-world acquisition and possess valuable temporal cues. However, existing multi-sensor fusion research predominantly integrates complementary context from multiple images rather than videos due to the scarcity of large-scale multi-sensor video datasets, limiting research in video fusion and the inherent difficulty of jointly modeling spatial and temporal dependencies in a unified framework. To this end, we construct M3SVD, a benchmark dataset with $220$ temporally synchronized and spatially registered infrared-visible videos comprising $153,797$ frames, bridging the data gap. Secondly, we propose VideoFusion, a multi-modal video fusion model that exploits cross-modal complementarity and temporal dynamics to generate spatio-temporally coherent videos from multi-modal inputs. Specifically, 1) a differential reinforcement module is developed for cross-modal information interaction and enhancement, 2) a complete modality-guided fusion strategy is employed to adaptively integrate multi-modal features, and 3) a bi-temporal co-attention mechanism is devised to dynamically aggregate forward-backward temporal contexts to reinforce cross-frame feature representations. Experiments reveal that VideoFusion outperforms existing image-oriented fusion paradigms in sequences, effectively mitigating temporal inconsistency and interference. Project and M3SVD: https://github.com/Linfeng-Tang/VideoFusion.