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Web Video Advertising to Increase by 115% to $968 million in 2010 — 1/27/2010 9:13 AM

If you believe the forecasters, 2010 will be the year of the long-awaited inflection point when TV budgets begin to shift to online video in a meaningful way. In 2009, advertisers were projected to spend about $700 million on web video ads in the US alone, an increase of 32% from last year. The actual numbers are not in yet, but indications are close.

So you think a 32% growth rate is stellar?

According to Jack Myers of M.E.D.I.Advisory Group, web video advertising will increase by 115% to $968 million in 2010…

Yes, it’s 115% – there is nothing wrong with your eyesight!

And he also forecasts web video advertising to remain the fastest growing segment of the media industry through 2012, when he projects it to hit nearly $5 billion.

$5 billion…

now I KNOW our Million Dollar Web TV ad platform will perform wonders for our member advertisers!