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This is something that makes me laugh at SeriusXM - tons of commercials that let you know there's no commercials and then advertise their other stations and apps.

An ad interrupts your viewing of a show by forcing you to watch something else. Product placement does not, even if it could be distracting.

I was watching Netflix Swiss familiy Robinson-in-space thing, and they had like a giant product placement showing of how big the package of Oreos they had brought with them was.

It was both distracting, annoyning and an ad in all but name. You would still call it an ad if the characters in the show also acted in the commercial, right?

Just like on the Disney channel they don't have ads, they have programs "brought to you by our proud sponsor"