Tastemade Raises Another $40 Million for Its Booming Food-Video Business

Tastemade has had quite a year. The company, known for its quirky short-form videos about food, travel and lifestyle topics, hit the 100 million monthly active users mark, with more than 1 billion monthly views. On Facebook alone, Tastemade grew its audience from around 100,000 fans to more than 5.7 million. This year, the company joined Apple TV—the only food and travel channel on the platform—linked up with Facebook's Anthology and Suggested Videos, partnered with Spotify on the streaming music company's video service, and landed one of the 15 prized spots on Snapchat's Discover platform. As Tastemade, which was founded in 2012, heads into its fourth year, it will do so with deeper pockets. The video publisher announced this morning it has closed a $40 million Series D funding round led by Goldman Sachs, with participation from existing investors Redpoint Ventures, Raine Ventures, Comcast Ventures, Liberty Media, Scripps Networks Interactive, and Tohokushinsha Film Corporation. Tastemade had previously raised $40 million, bringing the total funding to $80 million. With the extra cash in hand, Larry Fitzgibbon, one of Tastemade's co-founders, wants to continue Tastemade's momentum, especially when it comes to working with brands. "All of that work has culminated into us reaching the exact consumer we thought we would at a scale we thought we would as well," said Fitzgibbon. "We are truly becoming the brands for our categories for that audience." Fitzgibbon noted... Continue reading at 'AdWeek'

[ AdWeek | 2015-12-17 00:00:00 UTC ]
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The Guardian view on the writing business: readers must ultimately benefit | Editorial

People want stories and that means cultivating a publishing ecosystem where big and small can flourishThis week both the UK’s Competition and Markets Authority and the Department of Justice in the US announced investigations into the planned $2.2bn acquisition of the publisher Simon &... Continue reading at The Guardian

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Chrome can now caption almost any video or audio

A lot of the web revolves around video content (subscribe to our YouTube channel!) and podcasts these days, but that brings some accessibility challenges you won’t find with the written word. Hundreds of millions of people are deaf or hard of hearing. Other folks have trouble processing... Continue reading at PC World

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S&S Children's raises Rogerson's 'spirits of the dead' duology

Simon & Schuster Children’s Books is to publish Vespertine, an "epic" YA fantasy duology by Margaret Rogerson. Continue reading at The Bookseller

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How can we better raise boys? A new book looks at where we’ve gone wrong — and how to fix it

In “To Raise a Boy,” Emma Brown explores the many influences that shape boys and why we need to rethink them. Continue reading at The Washington Post

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NEA to Give $135 Million to Arts Organizations

The American Rescue Plan includes $135 million in new funding for the National Endowment for the Arts to help arts organizations hard hit by the pandemic. Of the funding, 60% will be administered directly by the National Endowment for the Arts, with 40% channeled through state and regional... Continue reading at Publishers Weekly

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For 20 million felons, the punishment never stops

Reuben Jonathan Miller describes the dehumanizing web of restrictions they face outside prison. Continue reading at The Washington Post

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Springboard: Watson, Little toasts 50 years in business with staunch performance in lockdown

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Sunak's budget announces restart grants, furlough and business rates holiday extension

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How to count half a million lost lives?

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Transworld lands 'visionary' Portas on post-Covid business

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Context and environment are driving success for video pre-roll ads

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Wildwoman subscription business launches online bookstore

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Waterstones demands business rates reform, as Chancellor mulls online sales tax

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Jessie Ware pens book for Hodder Studio 'on food, life and love'

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What a $5.5 million Super Bowl ad can buy in digital media

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STREET WRITER: The literary video game we didn’t know we needed.

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