Blinkx, the video search engine/advertising network, is proving the high value proposition of in-stream advertising by charging "north of $60" per thousand views for overlay ads.

The San Francisco/London-based company has found that video from certain creators, such as independent British television network ITN, can command these stratospheric prices.

This is big money and a very exciting and bullish development for online video advertising.  Of course, not all videos on Blinkx command this price, some garner just $7.

I was in San Jose earlier this week at Streaming Media West where I caught up with Blinkx CEO and founder Suranga Chandratillake.

Below is a screen shot of the overlay ad for the official Apple Store on clips from ITN.

You can grab the video embed code of my interview here.

Andy Plesser