In the forums, I came across a leaked link to the new Adbrite Video Beta page. The system looks very impressive.

Key Features:

• An embedded player where Ads are shown in a text bar on the top, and float down in a pop up bubble that is 60 pixels high.
• The player has built in sharing capabilities similar to youtube, except when a video is shared the visitor is referred back to your site.
• Others can embed your video in their site, and the player will show your ads.
• You can provide a logo to be placed in the lower right corner of the video.

Depending upon the payout rate, this could be a great way to monetize a video site. I could see sites like break.com being all over this. It will be interesting to see if people rip videos down from youtube using a tool like keepvid and start niche video sites with Adbrite video ads.

This is a step in the right direction to monetizing video content, and I will be very interested to see how the service develops.

Hat tip to Jon from WickedFire for posting the link in the forum.