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 ]
News tagged with: #pre-roll ads #key aspects #apple tv #recent round

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OverDrive to Acquire KKR-Owned RBmedia's Library Business

Combining OverDrive's market-leading platform with RBmedia's exclusive content represents a major new wrinkle in the digital library market: RBmedia is a major producer of audiobooks with a catalog of more than 45,000 exclusive titles. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-23 04:00:00 UTC ]
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Writers Against Racial Injustice Raises $55,000 for Equal Justice Initiative

Six authors have formed Writers Against Racial Injustice, raising $55,000 for the Equal Justice Initiative in three weeks. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-23 04:00:00 UTC ]
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Bobit Business Media Sells Automotive Aftermarket Division

Torrance, Calif.-based Bobit Business Media has sold its automotive aftermarket division, consisting of two controlled-circulation magazines as well as a paid membership program, to 10 Missions Media, a St. Paul, Minn.-based publisher of five B2B publications serving various segments of the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-06-22 15:09:13 UTC ]
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Creative Access reports 40% of community 'running out of money' in wake of coronavirus

A survey of the Creative Access community, investigating the impact of coronavirus on under-represented communities within the creative industries, has revealed 80% are prioritising finding a new job or freelance work, with almost 40% saying they have run out of money already or are about to do so. Continue reading at The Bookseller

[ The Bookseller | 2020-06-18 17:26:02 UTC ]
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Raising a boy in 2020 is tough. Three new books aimed at fathers offer some guidance.

The father-son relationship is more complex than ever. And talking about the difficult stuff needs to start sooner. Continue reading at The Washington Post

[ The Washington Post | 2020-06-18 12:00:00 UTC ]
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PRH to reopen warehouse as bookshops get back to business

Penguin Random House plans to reopen its Colchester distribution centre next week after the facility was closed late last month for a systems upgrade. Continue reading at The Bookseller

[ The Bookseller | 2020-06-16 18:41:00 UTC ]
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Hachette moves to back Rowling after staff raise concerns

Staff at Hachette working on J K Rowling's new book The Ickabog have threatened to down tools over the author's recent comments affecting the transgender community. Continue reading at The Bookseller

[ The Bookseller | 2020-06-16 07:05:23 UTC ]
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Abulafia’s The Boundless Sea lands £40,000 Wolfson History Prize

David Abulafia’s The Boundless Sea (Allen Lane), a global history of humankind told through our relationship with the world’s oceans, has won the £40,000 Wolfson History Prize. Continue reading at The Bookseller

[ The Bookseller | 2020-06-15 10:43:11 UTC ]
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How low pay and low pay transparency undermine the publishing business

it is impossible for publishing to fulfil its own diversity agenda while continuing to pay low wages to most workers and to maintain its decades-long secrecy over pay and progression Continue reading at The Bookseller

[ The Bookseller | 2020-06-11 23:48:14 UTC ]
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Penguin Business commissions second book from authors of The Squiggly Career

Penguin Business will publish You Coach You, a second book by Sarah Ellis and Helen Tupper, authors of Sunday Times bestseller The Squiggly Career.  Continue reading at The Bookseller

[ The Bookseller | 2020-06-11 19:52:38 UTC ]
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BA issues business reopening guide and safety kits

The Booksellers Association has issued bookshops with guidelines and safety kits as retailers prepare to open next week.  Continue reading at The Bookseller

[ The Bookseller | 2020-06-11 04:35:47 UTC ]
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NEA Awards $1.4 Million to Literary Organizations

The National Endowment for the Arts announced $84 million in grants for 1,144 projects, including 62 for literary arts organizations, worth a total of $1.4 million. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-10 04:00:00 UTC ]
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Workers Across Book Business Take Collective Action Against Racism

On June 8, a group of more than 1,100 workers across book and media industries, most of them junior staffers, will take a day off from work, donate a day's pay to one of a number of fundraisers, and use their time to engage in acts of service in an effort to protest the killings of George Floyd,... Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-08 04:00:00 UTC ]
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Child, Cole and Rankin join online festival in support of food banks

Crime fiction writers, including Lee Child, Martina Cole and Ian Rankin, are participating in an online festival to raise money for the food bank charity Trussel Trust. Continue reading at The Bookseller

[ The Bookseller | 2020-06-07 14:34:19 UTC ]
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How the Book Business Can, and Must, Build a New Future

A black author challenges publishing to be more daring in creating space for all writers. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-05 04:00:00 UTC ]
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Endeavor Business Media Announces Several New Hires | People on the Move

[caption id="attachment_181071" align="alignright" width="150"] Paul Andrews[/caption] Despite a string of recent acquisitions and what CEO Chris Ferrell termed "significant financial exposure" due to a suspension of live events, Nashville-based Endeavor Business Media evidently still has the... Continue reading at Folio Magazine

[ Folio Magazine | 2020-06-03 20:20:06 UTC ]
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Social Justice Resources for the Book Business

As protests against police violence and in support of marginalized communities continue nationwide, 'PW' has put together a list of social justice resources to aid members of the book business and others in their efforts. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-06-03 04:00:00 UTC ]
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I Didn’t Have a Plan: The Millions Interviews Nick Flynn

My approach to memoir writing demands a different schedule. It may be more organized. I take notes, I write in condensed bursts. I do that with poetry also, but the process is more alchemic. It’s uncontainable. It’s fluid, I can drift in another realm. The post I Didn’t Have a Plan: The Millions... Continue reading at The Millions

[ The Millions | 2020-05-29 10:00:01 UTC ]
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Time Out Is All “In” on Rebuilding Its Business Post-Pandemic

The COVID-19 pandemic has been devastating to several industries, and publishing has been no exception. Among those hardest hit have been titles serving local markets. With public spaces temporarily shutting down, regional titles have little leverage to sell advertising, and readers have little... Continue reading at Folio Magazine

[ Folio Magazine | 2020-05-28 16:08:28 UTC ]
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Ivy Pochoda quarantines with Cormac McCarthy, Dr. Seuss and gymnastics videos

In our latest quarantine diary, the author of 'These Women' digs 'Blood Meridian' but can't get enough of Laura Ingalls Wilder. Continue reading at Los Angeles Times

[ Los Angeles Times | 2020-05-28 13:32:21 UTC ]
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