I was at “The Future of Advertising Conference” at Stanford and Sir Martin Sorrell, Chairman, WPP, the largest advertising holding company shared some interesting stats about the advertising business.

1. WPP has a market share of approximately 25% of the global ad business, annual billings of $60 Billion and yet only $200 M of that is with Google.
2. Google’s revenues are approximately $11 Billion and at $200 M, WPP is one of Google’s largest customers. So Google’s tail is very very long and they are just getting started.
3. He went on to say that Google is a FRIENEMY - Google is your friend in the short term and enemy in the long term. His reasoning was Google wants access to large advertising account, that they do not have relationships with and that is where the friendship begins.
4. There was little mention of Microsoft or Yahoo and it understandable as their respective foot prints in this space is still considered baby steps.

On May 16, 2007, the WebGuild will be having an event of The Future of Online Advertising with all the heavy weights including Google. The panel will share insight into the future of online advertising from several perspectives of paramount importance to web professionals, seos, sems or search engine marketers, web analytics professionals, online merchants, venture capitals, entrepreneurs and anyone that uses a website to acquire customers, service customers or monetize customers. There are still a few spots left. If you miss this then there is always Searchnomics, which delves deep into search advertising and search & marketplaces and must attend for all web professinal.