Despite dire warnings, layoffs, and general crappy market conditions, online video is expected to buck the downward trend, according to Mark Walsh over at Mediapost.
Richard Glosser from CondeNet said it best: “We certainly expect monetization is going to ramp up as our video footprint grows and it becomes more and more important to us.”
Hear that? GROWTH. How much you ask? According to Jim Spanfeller, CEO of Forbes.com, video currently contributes about 5% of Forbes.com revenues, but he expects that proportion to double to 10% in 2009 and reach as high as 30% to 50% in the coming years.
Hats of to Mark Walsh for finding some positive news to write about while everyone else is waiting for their death rattle.
[...] Read more here: Online Video Up, Everything Else Down | Online Video Watch [...]
[...] If you’re new here, you may want to subscribe to my RSS feed or follow me on Twitter. Thanks for visiting!Despite gloom, doom. bailouts, layoffs, and the worst market conditions in recent memory, online video is expected to buck the downward trend, according to Online Video Watch. [...]