MySpace Finds a Way to Monetize Uploaded Videos
If YouTube has been trying but failed to monetize its vast collection of user-uploaded video content, MySpace seemed to have found a work-around with it. Through a partnership with MTV Networks and video ad company Auditude, the no. 1 social networking site is rolling out a new program that would allow insertion of advertising units to audience-uploaded video contents coming from MTV and Comedy Central.
For awhile, the video advertising program may seemed to be a legit way of tapping on the advertising opportunities from those uploaded
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