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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IPG, Bookazine Deemed Essential Businesses

With governors of both Illinois and New Jersey issuing shelter-in-place orders, IPG, located in Illinois, and Bookazine, based in the Garden State, said they remain open. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-23 04:00:00 UTC ]
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Penguin Business is to publish 'hilarious' and 'relatable' guide to working

Penguin Business will publish Cate Sevilla's guide to working titled How to Work Without Losing Your Mind.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-22 19:49:13 UTC ]
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Digital Subscription Is Booming in Sweden. Is It Sustainable?

Publisher revenues from digital subscription services surged 36.2% last year over the year prior. But can the trend last? Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-20 04:00:00 UTC ]
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‘House Beautiful’ Contracts ‘Business of Home’ for Guest Column

Like any serious entrepreneurial endeavor in the media business, Business of Home was born in 2009 out of the recognition of an underserved audience. Its founder and president, Julia Noran Johnston, who at the time had been working at Hearst Magazines, on the business side of Veranda, for five... Continue reading at Folio Magazine

[ Folio Magazine | 2020-03-19 18:28:29 UTC ]
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Creative Industries Federation calls on government to help creative businesses survive

The UK's self-employed creative workforce will be "hit hard", according to the Creative Industries Federation, raising concerns the Chancellor's measures in response to the coronavirus outbreak "fall short of guaranteeing these workers’ income".  Continue reading at The Bookseller

[ The Bookseller | 2020-03-18 05:26:17 UTC ]
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Booksellers call for clarity from Johnson as coronavirus hits business

Booksellers have called for clarity from Boris Johnson’s government as measures to tackle the coronavirus outbreak hit the high street.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-17 08:20:02 UTC ]
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The Coronavirus Continues to Disrupt the Book Business

For the second time in two weeks, the new coronavirus has forced the cancellation of a major international book publishing conference—and made clear to publishers that these issues aren't going anywhere for a while. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-03-13 04:00:00 UTC ]
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This vegan news site just became a plant-based food company

LiveKindly will now not just produce vegan content but also vegan food. For the past few years, LiveKindly has been a digital media company with a focus on plant-based food stories like “The Beyond Burger just launched at Ikea” or “Colgate just launched 2 certified vegan toothpastes.” Now it’s... Continue reading at Fast Company

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Meredith Continues to Invest in Print With Latest Food & Wine Upgrade

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[ Folio Magazine | 2020-03-12 14:16:40 UTC ]
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W H Smith issues £40m profit warning as coronavirus hits travel business

W H Smith has warned the impact of the coronavirus outbreak could cut its profit by up to £40m as the pandemic hits its Travel business.  Continue reading at The Bookseller

[ The Bookseller | 2020-03-12 09:57:11 UTC ]
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World Book Day smashes Share a Million Stories target

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Budget set to grant temporary business rates relief for high street

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[ The Bookseller | 2020-03-11 06:20:53 UTC ]
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For Midwest Booksellers, It's Business as Usual Despite Coronavirus Fears

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[ Publishers Weekly | 2020-03-11 04:00:00 UTC ]
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UK competition authority raises concerns over Cengage/McGraw-Hill merger

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[ The Bookseller | 2020-03-10 21:53:42 UTC ]
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Unlike many publishing trade shows, fairs, and festivals, the Brussels Book Fair has been able to start its run on time this week–with medical personnel on-site and a careful eye on the coronavirus. Editor’s note: A bright spot among so many stories of canceled and postponed publishing events,... Continue reading at Publishing Perspectives

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5 Questions for Kristen O’Hara, Chief Business Officer of Hearst Magazines

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