In a down market, online video is on the rise
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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.
According to the post, monetization is expected to ramp up as video continues to grow.
Now there is a word in scarce supply these days. GROWTH. How much you ask? According to the post video currently contributes about 5% of Forbes.com revenues, but they expect the growth to double in ‘09 with the potential to reach as high as 30% to 50% in the coming years.
I’m glad the folks over at Online Video Watch are so optimistic and found positive news to write about while everyone else is perpetuating the downward slide. But didn’t I say just a few weeks ago online video was hot? I will keep saying it through out 2009.
