A year ago, AOL was prepping plans to launch new ad formats. Its initiative, codenamed Project Devil, was designed to provide ads that are more eye-catching and engaging than ‘normal’ ads.
As we detailed at the time, the ads would be up to four times larger and “be enabled with new functionality, with room for a photo gallery, a video, coupons, Facebook or Twitter updates or maps“.
Project Devil was seen as crucial to AOL, which had been seeing significant double-digit declines in ad revenue. If AOL CEO Tim Armstrong was going to turn the company around, it seemed that the new initiative’s success would be crucial.
Last week, however, we learned that AOL’s new ad formats aren’t finding as much tracking as hoped.