I’ll See Your Bet And Raise You…

In a post this Tuesday, I mentioned a new In-Stat study that predicted online advertising revenues associated with user-generated videos on social network sites would rise to $850 million by 2010. Now, a just-released eMarketer report says all advertising spending associated with online social networks will hit $865 million next year and reach over $2 billion by 2010.

Both reports point to phenomenal growth with revenues doubling annually for the next several years. The $1.6 billion Google just paid to acquire MySpace might soon look like a real sweet deal. According to eMarketer, MySpace alone will take in over $500 million in ad revenues next year!