"Association for Downloadable Media" Announces Formation
Providing Standards for Advertising and Audience Measurement for Episodic and Downloadable Media
New York/San Francisco (PRWEB) July 16, 2007 -- Industry leaders from the podcasting community announced today the formation of the Association for Downloadable Media (ADM). The goal of the ADM is to develop standardization of audience measurement and advertising for downloadable media. The ADM will focus primarily on the world of podcasting, downloadable media and portable content monetized by advertising and sponsorship. The ADM will create a landscape that facilitates the commercialization of this growing audience.
The purview of the ADM includes revenue generation from advertising and sponsorships of podcasts, vodcasts (aka vidcasts, video podcasts, or vlogs), and other audio/video digital content distributed via RSS, ATOM, peer-to-peer, mobile devices, downloads from Web sites and other platforms to come.
The organization has been formed to focus specifically on any content downloaded by consumers, and will work in collaboration with related industry organizations, publishers and agencies such as the Interactive Advertising Bureau (IAB) and the American Association of Advertising Agencies (AAAA).
The ADM will support the needs of publishers, producers, advertisers, agencies, vendors, research/measurement companies, as well as hardware and software manufacturers who are involved with the production or distribution of downloadable media. Monetization of podcasts is a growing opportunity for these parties, and the ADM supports the momentum of this channel through the collective mindshare of its members.
There has been a need for industry standards in the podosphere, and the ADM will help accelerate its growth into a commercially viable medium. "Podcast advertising is a burgeoning medium for marketers." "Spending on podcasting advertising will quintuple over the next five years, from an $80 million market in 2006 to $400 million in 2011, says Geoff Ramsey, co-founder and CEO of eMarketer, Inc." eMarketer estimates that spending for online video advertising will reach $410 million, an 82.2% gain over last year's $225 million figure. In two more years, US marketers will spend over $1 billion, and only two years after that (in 2010), Internet video advertising will be a nearly $3 billion business. Much of online video will be downloadable. Further, it is estimated that Apple has sold over 100 million iPods and that more than 300 million copies of iTunes have been installed. And according to an Arbitron/Edison Internet and Multimedia 2007 study, the number of people in the U.S. who have listened to a podcast has grown to 13% in 2007.
The ADM will comprise an interim board of representatives from the following fifteen companies who met initially to establish the organization: Apple Inc., BlogTalkRadio, Kiptronic, Wizzard Media/LibSyn, NPR, Nielsen Online, Personal Life Media, Inc., Podbridge, PodTech, PodShow, Podtrac, Porter Novelli, Rev3 and Vogele & Associates.
Five initial committees will be formed immediately to address: advertising standards, measurement, outreach/education, terminology and membership. The membership feature will be available shortly on the ADM Web site at http://www.downloadablemedia.org. Parties interested in joining may send an email to signmeup@downloadablemedia.org to be nofitied when the membership form is open. Nominations for the executive seats, advisory board and committee chairs will take place this summer from within the active member base.
Media Contacts:
Susan Bratton
Personal Life Media
650-948-0500
susan at personallifemedia dot com
Matthew Snodgrass
Porter Novelli
212-601-8269
matthew dot snodgrass at porternovelli dot com
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