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I'm pleased that they've come up with such a sensible solution. How successful will it be? I'm not sure - I have a feeling that this structure will benefit established brands far more than newer ones, but I'm no expert.
Also, I had to watch this video three times, and I still don't see an ad. Maybe it's in beta for certain IP ranges, or they've removed it?
I've not read the terms of use, so maybe content providers agree to it when they decide to upload to YouTube. If that's the case, some content providers might think twice about using YouTube to host their videos. And that might undermine YouTube's entire business plan.
1. Is that they can obtain the rights to do this for all future uploads (do they already do this when you upload a clip? I'm not familiar enough with their terms)
2. They could do like other video sites (revver) and do a rev share with the owner of hte content
3. They could skip out on all the user uploaded stuff and only focus on monetizing clips from certified publishers (e.g. Time Warner's music videos)
Jason, the sense I got from the articles on the new ads is that they would only be focusing on #3 from the list above. If they do start to monetize copyrighted material it would create a LOT of problems for them. And even if they wanted to post ads in front of ANY video, the only effective way to squeeze decent value out of the ads would be to target the ads. If they tried to target the ads based on keywords/metadata/content it could create problems b/c so far Youtube has been able to say they cannot filter or "know" what users are uploading (which is kinda bogus). But robust contextual targeting *might* be tantamount to someone saying "Yeah, we can figure out the context of a clip and target it with pinpoint precision but we can't filter for copyrighted material?". That could be a tough position to defend. But hey, it's Google, I'm sure they'll figure out how to make gobs of cash...
I did find this article on Techcrunch which cracked me up (folks fighting to say who invented the new video ad format):
http://www.techcrunch.com/2007/08/23/ok-ok-all-...
Fwiw, the Brightcove guys downplay the effectiveness of the units. But I have no idea if that's just bluster or not.
The added element is that Google has their adsense all over many web pages that rely on text for the context, however whether or not that text is copyrighted or not isn't Google's problem, it's the website. I think the situaton of Adsense leads people to assume that these ads would be the same on YouTube - that they would just take a blanket approach and apply it to many videos irregardless of copyright.
And as for all these dudes claiming they had already done the overlay thing - I would dare say this all happened on television years ago. Watching CNN these days is crazy with all the tickers and stuff in the corners etc.