Veeple video-inserted ads
So, how much did Google pay for YouTube? $1.65 billion. And how much revenue comes in from all those YouTube videos? Um, it's pretty safe to assume no numbers starting with a "b." Plus, all those videos don't have an ounce of interactivity within their digital bits. So how do companies capitalize on the video craze? Companies like Hulu have experimented with pre-roll ads with some success, but online advertisers need a better way of turning the passive video-watching experience into a possible revenue giant for brands.
Enter Veeple. The company claims its new technology allows users to imbed any type of content into static videos, spicing them up with text overlays, captions, thought bubbles, and, most importantly for advertisers, web links. These "spots," as the company refers to them, are simply dropped on top of a video, and can even follow an element -- like a person, a poster, a DVD -- in the video if it moves.
"The idea of pop-up ads, and banner ads and pre-rolls, where all the money is being spent today, is not where all the money will be spent tomorrow," Veeple CEO and co-founder Scott Bloomberg said. "The in-stream model, over time, will be the more interesting one for advertisers."
Veeple just launched version 2 of its software platform at TechCrunch50, adding a number of new features, and it should be available commercially soon. Developers can program in "one-click, two-click" interfaces, bringing up info screens on the video before clicking off to the next website, and even send content to mobile devices.
Any sort of logo or link (like all the social networks) can be embedded, as can audio and separate video files. The service will also include a pencil tool, allowing developers to sketch a transparent spot of any size and shape. As for performance tracking, Veeple is launching its analytics service, giving advertisers all the expected stats, including which spots are performing well and which aren't.
In the demo I saw, the process looked simple: upload a video onto their site, and then start adding the spots. In a way, it feels like a social application -- a way of personalizing videos like the old "pop-up video" of our VH1 past.
The question is whether users will respond to spots in the way they responded to pop-up ads. But overall, Veeple has the potential to create a more seamless watching experience for online videos than with pre-roll ads, while producing more possibilities for advertisers.
