AOL announced this week that it has acquired Third Screen Media, a mobile advertising network based in Boston. While financial details were not disclosed, Third Screen Media is one of the leading players in the growing mobile advertising industry, and could be a good source of future revenue for AOL’s Advertising.com division.
Third Screen Media’s client list currently includes the likes of Fox News, AccuWeather, and WWE, delivering advertising via WAP, downloadable applications, SMS, MMS, and mobile video. In the US, mobile advertising spending is expected to grow from US$421 million in 2006 to US$4.7 billion by 2011, while globally the market is expected to increase to US$11.3 billion by the same year, according to eMarketer.
« AOL is one of only four at-scale advertising businesses on the Internet, and the acquisition of Third Screen Media gives us a very strong position in the fast-growing mobile space, » said Randy Falco, Chairman and CEO of AOL. « It also lets us offer advertisers a more complete set of solutions, from display advertising to search and now a superior set of mobile solutions. »
Third Screen Media is to be run as a wholly owned subsidiary of AOL’s Advertising.com.
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