Video search engine Blinkx has just launched its AdHoc ad network for overlay ads. All you need to get started is pick up a video embed code from one of the main video sharing sites - MySpace, GoogleVideo, YouTube, Revver, Metacafe, Veoh, DailyMotion, Break - and paste it into the AdHoc system to generate another embed code that includes the ad. Finally, paste the new, AdHoc embed code into your blog. (So does this mean that you can just go grab anyone's video and slap an AdHoc ad over it?)
The ads come from PPC and affiliate networks and can be displayed either above and outside the video or at the top of the video as an overlay. See the AdHoc FAQ.
This seems to be open to everyone, whereas the YouTube overlays are restricted to approved video creators (major brands plus popular YouTubers such as Valsartdiary). It'll be interesting to see how the two compete.
The video demo here is a flashmob, taped by Futurescape at Liverpool Street station, London, hence the ads showing as this post is written are related to London and Liverpool. NB This information is coming from the video, not the text of this blog post.

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