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Tag: FameBit

  • Google’s new acquisition of branded content platform will bring marketers to YouTube

    Google’s new acquisition of branded content platform will bring marketers to YouTube

    MUMBAI: Google, which has been concerned about the monetization for YouTube for a while, released a statement recently about the acquisition of FameBit. Terms of the deal weren’t disclosed.

    The deal will enable YouTube to increase the number of branded content opportunities available. This will bring in more revenue into the online video community. Google’s vice president of product management Ariel Bardin, said the primary goal was to mainstream YouTube marketing. This would enable to make it a part of every brand’s monthly social media advertising strategy, he added.

    FameBit is a tech startup which helps marketers to connect with digital influencers through a video platform. It presents a marketplace for the video creators to contact marketers that would be keen to sponsor their visual content. This deal will prove to be profitable for Google to help the creators on YouTube connect better with brands. It would also enable advancement of their technology for the same.

    While Google helps big TV brands connect with its top channels and talent through its three-year-old Google Preferred program, the social media influencer ecosystem is vast, and not limited to YouTube. FameBit can connect brands to talent on Instagram, Vine and other platforms.

    This deal is an important step to bring in sponsors not just for YouTube as a whole, but also for its individual creators. YouTube had been working to bring in financial support through its partner program. This succeeded in causing the growth of various multi-channel networks that creators had joined for business resources and ad sales.

    FameBit aims to bring more automation and data science in the process of connecting brands with digital talent. This platform has been used to brand 25,000 videos. Digital innovators can use the software of FameBit to set up profiles. After doing so, brands can search for potential matches among thousands of creators which interest them. This is based on various criteria like the innovator’s audience demographics. The marketers can later hire the innovators to mention their brands in the videos or even create videos to advertise their brands.

  • Google’s new acquisition of branded content platform will bring marketers to YouTube

    Google’s new acquisition of branded content platform will bring marketers to YouTube

    MUMBAI: Google, which has been concerned about the monetization for YouTube for a while, released a statement recently about the acquisition of FameBit. Terms of the deal weren’t disclosed.

    The deal will enable YouTube to increase the number of branded content opportunities available. This will bring in more revenue into the online video community. Google’s vice president of product management Ariel Bardin, said the primary goal was to mainstream YouTube marketing. This would enable to make it a part of every brand’s monthly social media advertising strategy, he added.

    FameBit is a tech startup which helps marketers to connect with digital influencers through a video platform. It presents a marketplace for the video creators to contact marketers that would be keen to sponsor their visual content. This deal will prove to be profitable for Google to help the creators on YouTube connect better with brands. It would also enable advancement of their technology for the same.

    While Google helps big TV brands connect with its top channels and talent through its three-year-old Google Preferred program, the social media influencer ecosystem is vast, and not limited to YouTube. FameBit can connect brands to talent on Instagram, Vine and other platforms.

    This deal is an important step to bring in sponsors not just for YouTube as a whole, but also for its individual creators. YouTube had been working to bring in financial support through its partner program. This succeeded in causing the growth of various multi-channel networks that creators had joined for business resources and ad sales.

    FameBit aims to bring more automation and data science in the process of connecting brands with digital talent. This platform has been used to brand 25,000 videos. Digital innovators can use the software of FameBit to set up profiles. After doing so, brands can search for potential matches among thousands of creators which interest them. This is based on various criteria like the innovator’s audience demographics. The marketers can later hire the innovators to mention their brands in the videos or even create videos to advertise their brands.

  • YouTube ads startup FameBit buys Refame; expands brands’ access to digital stars

    YouTube ads startup FameBit buys Refame; expands brands’ access to digital stars

    MUMBAI: With the advent of YouTube stars, gone are the days when brands were only obsessed with having television, film or sports celebrities as brand ambassadors to endorse their products. In today’s all pervasive digital ecosystem, anyone with enough chutzpah can catapult to fame, amass a cult following, become an instant star… and a money churning one at that. And brands nowadays are more than willing to work with these millennial influencers for branded content and endorsements.

     

    In a scenario like this, digital stars across platforms like YouTube, Vine etc, who offer unique and differentiated content to a host of followers on the world wide web, have caught the fancy of many a specialised companies. And they’ve left no stones unturned in milking these cash cows.

     

    Armed with a vision to expand its offerings, FameBit, a marketplace which connects brands to YouTubers for branded content and endorsements, has now acquired the video marketing agency Refame.

     

    Specializing in super-short-form videos, Refame creates branded videos starring Vine, Snapchat and Instagram personalities. Last year, the company pulled together a roster of social influencers who reach 40 million people across their channels and profile pages.

     

    FameBit, which is on track to reach a billion subscribers by the end of 2015, will now add Reframe’s roster of creators to its platform. The acquisition also means that FameBit now has access to more digital platforms in the social video marketing business apart from YouTube.

     

    FameBit’s platform boasts of more than 10,000 creators across YouTube, Vine, Snapchat and Instagram, collectively reaching more than 450 million subscribers. According to the company, YouTubers have submitted more than 100,000 proposals to brands for product integrations through FameBit till date. In July last year, the company helped brands create more than 1,000 videos and paid out more than $500,000 to creators by October.

     

    “This is a defining moment for FameBit. We see Refame as a natural addition to the long-form content our influencers are currently creating and we are excited to incorporate it into our platform. By expanding our reach to content marketers on Snapchat, Vine and Instagram, we’re giving brands the opportunity to speak to audiences across other creative platforms in ways that are most impactful and appropriate for each one of those platforms,” said FameBit co-founder and CEO David Kierzkowski.

     

    With the kind of fan following digital stars enjoy, brands now know how valuable they can be as content creators and endorsers. FameBit has already connected YouTube creators with brands like L’Oreal, Adidas, JustFab, Hint and Dollar Shave Club. It’s just a matter of time before more and more brands hop on to the digital stars’ bandwagon in order to pull in and connect to its customers.