Wednesday, February 21, 2007

Video over the Internet

It seems like everyone is getting involved in video over the Internet. I've already blogged about the TiVo/Amazon Unbox deal (Unbox can't really succeed), Steve Jobs' pokes at the industry in preparation for Apple TV (Jobs on DRM), and my testing of Kyte (Go fly a Kyte). I also just spoke with my friend Susan who is over at MyWaves and received a beta invitation to Joost. It seems like everyone is getting in on this "zero billion dollar" industry.

However, a research firm, Adams Media Research just released a new report regarding Video On The Internet and, if it's to be believed, it looks promising. They forecast sales of video downloads will total $472 million in 2007, $1.2 billion in 2008, $2 billion in 2009, $3.1 billion in 2010, then hit $4.1 billion in 2011.

They also predict advertiser spending on Internet video streams to PCs and TVs will approach $1.7 billion by 2011. So, maybe all of these companies are onto something?

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