Video: Google Will Make Rich Display Ads "Prolific," a $50 Billion Business by 2015

Barry Salzman, Google's Managing Director of Media and Platforms in the Americas, predicts that that rich media like video display advertising will create a $50 billion market by 2015.
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NEW YORK -- While rich media display ads comprise just six percent of Web advertising now, that number will vastly increase as the cost and complexity of serving comes down, says Barry Salzman, Google's Managing Director of Media and Platforms, the Americas, in this video interview with Beet.TV

Salzman says that rich media, including video display advertising, will appear on "hundreds of thousands of sites" and will create a $50 billion market by 2015.

In 10 years, he predicts that video advertising will dominate the Web; he tells us "every kind of ad format becomes a video format."

We caught up with him after his keynote address yesterday at the IAB's Mixx conference.

You can find this post on Beet.TV

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