EType teams with VideoEgg in online broadcast venture
EType is poised to become the latest ad network to create a dedicated video division to take advantage of the growing presence of broadcasters online.
EType Video will sit under eType managing director Rob Gay's remit and
will be staffed before Christmas.
Matt Cannon, online sales director at eType, said: "We've been running
video campaigns for eight months and the level of growth both here and
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"The big media agencies are understanding that brands need a bit more to
their online advertising and that video offers them this."
As part of the development, eType has inked a deal with VideoEgg, the
video advertising network for online communities.
VideoEgg delivers video ads across popular social networks including
Bebo, Hi5 and Flickr. The deal with Etype is one of the first European
deals that VideoEgg has secured since receiving $15m (£7.2m) in venture capital funding in September.
The two companies intend to cash in on the rising number of Facebook
applications by developing a joint revenue stream through selling ads
around video content.
EType parent company MIG last week acquired US online ad network
Dedicated Market Solutions and plans to make similar acquisitions in the
European market.
Alan Greaney, chief executive of MIG, pointed to interesting
opportunities in the affiliate, search and mobile sectors and said there
remains a requirement for consolidation in the search sector. He added
that the DMS acquisition was "the first of several deals on that scale".
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