It's no secret that at AOL, we think video is a hugely important part of today's web experience. In April of this year, I helped to launch AOL's new video arm, The AOL On Network, a major initiative that put our video strategy front and center. The vision behind AOL On is to bring the best of the TV experience – highly curated programming across a variety of channels – to the web. Since then, we've seen incredible traction across the board – with consumers, advertisers, publishers and content producers. Our video library has increased by more than 30% since launch, from 320,000 to 420,000 videos. And through distribution of this content to some of the most popular destinations online, we're now reaching tens of millions of consumers who are hungry for the best of what's on now.

It's for this reason that we're so excited by comScore's Video Metrix Report for August, which tracks the largest video properties on the web. When looking at video streams, we were ranked second only to Google with 725M streams. On average, these viewers spent more than an hour watching our videos. This is a number that we're especially proud of given that the vast majority of our videos are short form. And for the second month in a row, we've also surpassed the 1B marker for total streams of both video ads and content. Lastly, we've been ranked #1 in the Auto, Business, Style, Home, Health, Travel, Technology and Food categories. Our success in this area validates our channel strategy and speaks to the contextual targeting that media buyers in a recent BrightRoll study say is the most valuable form of targeting.

We think this is just the beginning of a very bright future for our video at AOL, and we encourage you to stay tuned for more.

* Source: comScore Media Metrix, August 2012 Content Videos only