On October 9, 2013, the Interactive Advertising Bureau (IAB)  released its Internet Revenue Advertising Report. And surprise!(?) Online video has had a 24% increase over 2012’s $1.05 billion.

A few more facts and figures:

• Online video ads earned $20 billion in revenue between January and June of 2013
• In 2012 for the same period – $17 billion.
• Online video is 7% of ALL advertising revenue or $1.3 billion
• Online video advertising is growing 5% faster than all online advertising put together.
• Paid videos scored 22.7 billion impressions in the month of August – nearly one-third of all online video views.

Get the whole story at Tube Filter.