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BizReport : Advertising : February 16, 2007
Is it game on for Google?
Google is rumored to have entered the in-game advertising market with the purchase of an in-game advertising startup.
Several sources, including Techcrunch and e-Consultancy, are reporting that Google has purchased Adscape Media for $23 million. Adscape, an in-game advertising company, is the developer of AdverPlay which offers measurable and controllable in-game advertising opportunities.
It has been known for some time that gamers are not averse to in-game advertising. Many think it adds to the realism of the virtual environment. More and more advertisers are looking to in-game advertising and now Google is, literally, in on the game.
Compared to the $200 million Microsoft paid for New York-based Massive, back in 2005, Google seem to have got a bargain, although it may be some time before momentum gathers for this relatively new advertising market.
Google has already procured SketchUp, provider of 3-D modeling software, and has been rumored to be building a virtual world to rival Second Life. Is there something big on the virtual horizon?
Tags: Google, in-game advertising, online advertising, virtual world
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