BuzzFeed Expands Thanks to $50M Investment

Changes are coming for millennial-targeted publisher BuzzFeed. The company announced on Monday that it received $50 million in series E funding from venture capital firm Andreessen Horowitz and planned to restructure the company with the funds.  "Today we think the time is perfect to grow our company, build our brand and greatly increase the content we are producing so we can be the number one digital media brand. The investment from Andreessen Horowitz will allow us to double down on our company's mission by creating a new organization and expand rapidly in all areas," BuzzFeed CEO Jonah Peretti said in a statement. BuzzFeed's editorial division will now be grouped under three categories—news, buzz and life—while all of its native ad efforts will fall under the BuzzFeed Creative category. All videos will fall under the BuzzFeed Motion Pictures arm, which will soon encompass mid- and feature-length projects in addition to its staple of viral clips and GIFs. A new section called BuzzFeed Distributed, led by managing editorial director Summer Anne Burton, will handle distributing its content across social platforms including Tumblr, Imgur, Instagram, Snapchat, Vine and other messaging apps. The company also announced plans to bolster its global reach with offices in India, Germany, Mexico and Japan sometime this year. To oversee the new teams, BuzzFeed added some seasoned veterans to its top ranks, including Andreessen Horowitz's general partner Chris Dixon, who will be... Continue reading at 'AdWeek'

[ AdWeek | 2014-08-12 00:00:00 UTC ]
News tagged with: #announced plans #global reach #top ranks #executive chairman

Other Publishing stories related to: 'BuzzFeed Expands Thanks to $50M Investment'


BuzzFeed Expands Thanks to $50M Investment

Changes are coming for millennial-targeted publisher BuzzFeed. The company announced on Monday that it received $50 million in series E funding from venture capital firm Andreessen Horowitz and planned to restructure the company with the funds.  "Today we think the time is perfect to grow our... Continue reading at AdWeek

[ AdWeek | 2014-08-12 00:00:00 UTC ]
More news stories like this | News stories tagged with: #announced plans #global reach #top ranks #executive chairman


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NBC Universal Makes Another $200 Million Investment in BuzzFeed

Comcast Corp.'s NBC Universal has made a second $200 million investment in BuzzFeed Inc., deepening ties between the two companies in online video and advertising.The latest funding will let NBC and BuzzFeed work more closely together on ad sales, like producing more short-form digital video for... Continue reading at Advertising Age

[ Advertising Age | 2016-11-22 00:00:00 UTC ]
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NBC Universal Nearing Another $200M Investment in BuzzFeed

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[ Advertising Age | 2016-10-22 00:00:00 UTC ]
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BuzzFeed to Expand in Canada

BuzzFeed Inc. is expanding in Canada as the online publisher of lists, news and quizzes seeks to boost Web traffic with more targeted content tailored to local tastes. Continue reading at Editor & Publisher

[ Editor & Publisher | 2015-03-12 00:00:00 UTC ]
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Buzzfeed got $50m in venture capital. What happens next?

Silicon Valley firm Andreessen Horowitz has more than doubled investments in the meme-tastic site. Can traditional media companies compete?Venture capital funds exist to make risky bets. Theyre intended to be a place where excess cash can find a better return than in a bank or bonds.So how... Continue reading at The Guardian

[ The Guardian | 2014-08-11 00:00:00 UTC ]
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BuzzFeed's Audience Spends Over 100 Million Monthly Hours On BuzzFeed

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How PlayBuzz out-BuzzFeeds BuzzFeed

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Dreamscape's Audiobook Program Expands Its Ambit

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National Book Awards Expand Eligibility to Non–U.S. Citizens

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Zibby Media Invests in Events—With a Touch of Glam

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Nielsen Expands OOH Panel in Push for Complete U.S. Household Coverage

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Skyhorse Expands Its Footprint in Conservative Publishing

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Opening in the States: Italy’s 21lettere Expands With 26Letters

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Book Packager Melcher Media Expands into Marketing and Printing

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[ Publishers Weekly | 2023-11-30 00:00:00 UTC ]
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Texas Book Fest Expands Spanish-Language Programs

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