According to the Reuters article, the ads will be targeted specifically at embedded content displayed on other sites. In a departure from Google’s Adsense, the advertisements are pay-per-view (CPM) rather than pay-per-click(CPC). Interesting to note that revenue will be split three ways under the new system. Labels, YouTube and the syndicating website will all get a cut although details are unavailable surrounding the exact amounts.
I’ve been unable to find an example of the new ads in the wild, have any of our eagle-eyed readers seen the new system at work?