Print Beating TV To $5 Billion Online Video Advertising Market
13
February
Local online video advertising is shaping into a battle between traditional print and television news providers, according to a new report from Borrell Associates.
Worth about $161 million in 2006, the local online video advertising marketplace is expected to grow to $371 million, or 5% of local online advertising, this year and to balloon past $5 billion in next five years.
In 2006 the market for locally targeted online video ads solidified into a legitimate market with the three largest markets ( Chicago , New York and Los Angeles ) worth more than $5 million each The next 37 largest markets also each saw more than $1 million in revenue from online video, according to Borrell.
In 2006 newspapers sold approximately $81 million in local online video commercials in comparison to $32 million sold by TV broadcasters. Broadcasters are expected to bounce back this year, however. 80% of broadcasters surveyed by Borrell expect to sell streaming video ads this year, up from 72% who did last year.
The online video advertising market is expected to increasingly revolve around the strength of Websites’ video content, an area which many larger newspapers have been working hard to cultivate.
Via: BroadcastNewsRoom








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