01/10/2013 02:38 am ET Updated May 30, 2013

Web Originals to See $250 Million in Production Budgets in 2013, IAWTV Chair

LAS VEGAS - There will be 1000 web original video series launched in 2013 with some $250 million spent for production, a sign of the maturation of the nascent industry says Paul Kontonis, Chairman of the International Academy of Web Television, in this interview with Beet.TV

We spoke with him yesterday at the academy's annual awards show during CES.