Internet video services to generate $7 bln by 2010

Annual US revenues from Internet video services – spanning user-generated content to television shows and movies – will exceed $7 bln by 2010, according to Parks Associates. In 2007, approximately 85% of revenue will be from advertisements attached to user-generated content and television and news streams. By 2010, services for renting and downloading TV shows and movies will account for nearly 40% of total revenues.