Another ad network…

VoloMedia announced that they have signed a deal to inserts ads into video podcasts AND a video-based iPhone app for an up-and-coming site called Young Hollywood. Young Hollywood is quickly gaining as an online video site aiming to be the next TMZ, and already has content deals with MySpace and Yahoo. http://www.younghollywood.com/podcast.php.

Young Hollywood, which offers the ultimate insider’s perspective on celebrity lifestyles, also partnered with VoloMedia to create an iPhone application that will allow video from YoungHollywood.com to be played directly on the device. By extending the reach of its video podcast from the PC to the iPhone, Young Hollywood can now deliver news and information about Hollywood lifestyle, fashion, and culture to its fans both on-demand and on the go.

As part of the agreement, VoloMedia will manage ad sales for Young Hollywood’s video podcasts. Through its nationwide sales team, VoloMedia enables Young Hollywood to maximize inventory value to a larger network of branded advertisers.

VoloMedia extends the reach of video and audio from the PC to devices such as smartphones (e.g., iPhone) and media players (e.g., iPod, Touch) whether connected or offline. The company’s patented products and technologies enable dynamic advertising insertion, targeting, measurement, reporting, and campaign management within RSS-based portable video and audio.

VoloMedia founded in 2005, the company is headquartered in Sunnyvale, CA and is funded by Sutter Hill Ventures. http://www.volomedia.com.