VW advertising on Youtube.
Ads on YouTube, those sponsored clips that play before you get to watch most videos, have typically posed huge up-front costs to advertisers vying for the space.
While advertisers used to spend eight-figures on Original Channel advertising packages for specific genres — Ad Age notes that one music package for space before high-profile music videos sold for $62 million — they now only have to shell out a fraction of the price.
"Last year we were rigid," YouTube sales chief Lucas Watson said. "We got a few big advertisers with huge checks." Now, he says, YouTube is breaking ad packages down into "more manageable chunks."
This will open the ad medium to a wider variety of advertisers. Companies that have previously advertised only on TV might soon expand to YouTube.
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