Advertisement-funded calling system with audio and video messages

Embodiments of the invention provide a system and method for providing advertisements to the parties of a communication, such as a telephone call or a video conference. A calling party agrees to view or listen to an advertisement in exchange for communications services, such as a telephone call. A called party may also agree to view or listen to an advertisement in order to receive a call. After an advertisement is broadcast to the calling and/or calling parties, a call connection is completed between the parties. Alternatively, audio and/or video advertisements may be broadcast during a call connection.