NNN, whose co-founders include former MTV Networks Vice Chairman Herb Scannell and interactive media professional Tim Shey, also has inked deals with at least four new sponsors in the last quarter and has sold out its YouTube inventory for August.
NNN has raised $23 million in venture funding since its March 2007 launch, so its revenue numbers indicate the well-funded online video firm isn't just burning through cash. In fact, NNN expects to reach profitability next year, Mr. Shey said.
Other online video networks like ManiaTV, which has taken in $26 million in venture money, also are targeting 2009 to be in the black. If these firms pull off profitability, the online video business may quiet some of the lingering doubts that there isn't enough ad money to go around.