Selling video ads? Standardize first

A Web advertising trade group has proposed a new technology standard for digital video commercials so that the fledgling--and potentially lucrative--form of advertising can get off the ground.

The Interactive Advertising Bureau, which represents the $21 billion online ad market, said Thursday that it has proposed a new communication standard for digital video ads called VAST, or Digital Video Ad Serving Template. If adopted by the industry, the standard would establish a common protocol between the various video players and video ad networks on the Web. That way, advertisers would be able to insert a commercial onto YouTube, without having to reformat it for Yahoo or Hulu.com, for example.

Video advertising is thought to be the next big growth opportunity for Web publishers because it's basically a repurposed form of television advertising, or the high end of brand advertising. That multibillion-dollar market is particularly exciting for Web publishers, which are accustomed to selling ads for much lower rates than television.

But video advertising is still in its early days. Sites like YouTube certainly have enough advertising inventory, but major brand advertisers have yet to develop enough material to fill the slots. It's a complicated and labor-intensive act to cut a commercial, and many advertisers still believe they don't get as much bang for the buck on the Web as they do with TV commercials. The IAB's new standard is designed to jump-start this business by making it easier to cut one video and run it on multiple sites with ease.

Google, parent company of YouTube, is apparently onboard with the idea. A Google advertising product manager, Ari Paparo, said in a statement: "VAST allows for standardized communication between ad servers and players, which is essential as more and more marketers embrace digital video...and publishers wish to maximize yield on their video inventory."

The IAB has opened the standard to public comment until September 10.

[marc_90292]

Not quite sure I get this. They want to standardize the ad format? Why? Oh so they can use their YouTube video as banner. It appears to me we have a web video standard - thanks to Adobe - flash video. Using V2F to convert (and reformat) a thirty second clip and upload it to the server doesn't take me longer than three minutes at worst. Any idea that restricts my artistic work is clearly revolting to me.

[jamiegau]

Standards are the greese for large scale systems.
It is only after banner ad standards where introduced did banner ads really take of. These standards where self regulated. (Web designers created a way to make money from what they do)

Standard allow mass deployment of content to platform for which you may not know anything about. For example, what if I spent $1million on a nike Ad, for the US. Without standards, I would not be able to use this Ad in any other place then for the maket it was initially made for.
Standards make it usable all over the world.

The internet needs similar constraints if it is to move forward utilising the advertising dollar as a way to pay for all the enjoyable content you view. Just like Free to air TV.

James

[elee480]

I like the idea of standardizing video ads. It is a nascent industry that needs to identify a set of guidelines to make it a ubiquitous format across the web. The creativity of online advertising has not even begun to blossom. Once standardized, we will see an incredible surge in the number of advertisers willing to dip their toe in the water. Opportunity abounds.

Ed
www.veeple.com