Magnify net Launches AdShare Network to Give Online Video Channel Hosts Control over their Advertising Programs
Released on = August 29, 2007, 10:30 am
Press Release Author = Alison McNeill
Industry = Internet & Online
Press Release Summary = Magnify.net Embraces and Empowers the Future of User-Generated Content - Letting Members Discover and Share Content-Specific Video
Press Release Body = NEW YORK - August 29, 2007 - Magnify.net, peer-driven online video discovery and broadcast channel for people, groups and businesses, is inviting its site owners to participate in the community-driven beta test of its breakthrough program - the AdShare Network. Rooted in the company's core vision of empowering its community members, the new AdShare Network gives site owners complete control over their advertising strategy, including singing up and deploying their own ad inventory. This program lets owners monetize their pages - while balancing the unique needs of their visitors and advertisers.
Magnify.net gives its users the tools and resources to discover, review, organize and share content-specific video with like-minded individuals - regardless of where it's hosted. Unlike other sites that are warehouses for vast numbers of video, Magnify.Net lets its users tailor their video channel for their own interests and that of their target community. The Magnify platform searches, sorts, and delivers video based on a site's unique interests - and allows owners to review and approve only the video that meets their content and quality criteria.
Without a formal launch, Magnify.net already boasts 10,000 video channels built by individuals and small business owners since its beta introduction in January 2007, and has seven million page views in July.
As television continues to lose mindshare to the Internet, web-based advertising is gaining well-deserved focus. According to research firm eMarketer, online ad spending in the U.S. will rise from $16.4 billion, or 5.8% of total U.S. ad spending, in 2006 to $36.5 billion, or 11.3% of total spending by 2011. With its highly curated and content-specific video, Magnify sites offer online advertisers the perfect vehicle for reaching their target audience.
"We see the next 24 months as a critical turning point for ad dollars. By launching the AdShare Network now, we're giving our users a head start in determining what advertising strategy works best for them, their advertisers, and their visitors," said Steve Rosenbaum, founder and CEO of the Magnify.Net team. "Each day we see power shifting from Madison Avenue to Main Street - and a new economy is growing up around video-centric communities of content. This means that individuals or small businesses with passion can become the central place for content consumers. And that's exciting."
"RC Universe intends to grow the RCUvideos.com platform with Magnify.net as our video solutions provider, said Marc Vigod, Co-Founder of RC Universe. "We believe the growth of video online will continue and we want to go along for the ride together."
About Magnify.net Magnify.net is founded by a team of experienced media, technology and Web development entrepreneurs with a strong track record of best-of-breed innovations. The Magnify.net team is led by Steve Rosenbaum -- one of the early innovators in the use of small format video, and user-created video. Rosenbaum created MTV Unfiltered -- the first series produced entirely by viewers, and directed the multi-perspective feature Documentary \"7 Days in September\". Magnify has been financed by its founders and a group of private individuals. More information can be found at www.magnify.net
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For more information:
Alison McNeill Future Works, Inc. 408.428.0895 112 alison@future-works.com