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Advertising - Monday, May 5, 2008

StoryBids Launches Product Placement Marketplace

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Irvine, CA-based Storybids launched a product placement marketplace where online video content creators can hook up with sponsors. Storybids say that they closed Series A in August 2007 from Toronto's STN Labs.

Storybids contends that a reason that online video advertising has not taken off is that viewers skip past ads inserted into YouTube vids. By placing product placements into videos you take away that problem. That makes sense. The hard part will be for a startup like StoryBids to get the attention of product advertisers. It doesn't strike us as an immediately scalable concept.

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