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	<title>Blogonomist &#187; social networks</title>
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		<title>Nearly $2 Billion Projected For Social Networking Ads By 2010</title>
		<link>http://www.blogonomist.com/nearly-2-billion-projected-for-social-networking-ads-by-2010/</link>
		<comments>http://www.blogonomist.com/nearly-2-billion-projected-for-social-networking-ads-by-2010/#comments</comments>
		<pubDate>Thu, 27 Jul 2006 16:11:00 +0000</pubDate>
		<dc:creator>Marc Baumann</dc:creator>
				<category><![CDATA[Social Media]]></category>
		<category><![CDATA[internet marketing]]></category>
		<category><![CDATA[social networks]]></category>

		<guid isPermaLink="false">http://marcbaumann.com/nearly-2-billion-projected-for-social-networking-ads-by-2010</guid>
		<description><![CDATA[Very interesting story from Information Week:
U.S. companies are expected to spend an estimated $1.8 billion at MySpace.com and competing social networking sites by 2010, up from $280 million this year, research firm eMarketer said Tuesday. Companies with businesses built on creating buzz need to tap into social networking destinations such as MySpace to effectively market [...]]]></description>
			<content:encoded><![CDATA[<p>Very interesting story from <a href="http://www.informationweek.com/security/showArticle.jhtml?articleID=191202173">Information Week</a>:<br />
<blockquote>U.S. companies are expected to spend an estimated $1.8 billion at MySpace.com and competing social networking sites by 2010, up from $280 million this year, research firm eMarketer said Tuesday. Companies with businesses built on creating buzz need to tap into social networking destinations such as <a href="http://www.myspace.com">MySpace</a> to effectively market their wares. Still, social network ad spending will account for only 1.7 percent of the $16.7 billion spent on U.S. online advertising in 2006, rising to 6.3 percent in 2010.Warner Independent Pictures launched in April a site on MySpace.com to promote the movie <a href="http://www.imdb.com/title/tt0405296/">&#8220;A Scanner Darkly&#8221;</a> in an effort to connect with moviegoers. When Sony Pictures Entertainment recently released the movie &#8220;Monster House,&#8221; the studio posted character profiles on MySpace.com to attract consumers of all ages to a movie they otherwise might not have seen. Character pages appear to tend to work best, especially on MySpace.com, where users can become &#8220;friends&#8221; with character. For example, Sony created a profile page in the voice of Jill before launching the movie &#8220;When a Stranger Calls.&#8221; &#8220;Jill had 89,000 friends when we opened the movie, and nearly 110,000 friends by the time the movie went into the home entertainment window.</p></blockquote>
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