Nov 23, 2015

State of the Nation: Buzzfeed

Very interesting article by Jonah Peretti about Buzzfeed's status quo and where they are heading. Every media executive should read this. Yeah, they serve 5bn content views a month now. Yeah, there was a story that went viral in Germany (Techniker ist informiert) and after that viral in the US (did that ever happen before?). For Buzzfeed, that's a sign of their globalization. But the most interesting sentence to me is this one:

"We help advertisers transform and evolve their advertising and marketing for a world where audiences have shifted to social and mobile media consumption, where disruptive and intrusive advertising is blocked or ignored, and where consumers expect branded content to earn their attention."

So is this video here - how to bake brownies with nutella + 2 ingredients - advertising or not? It achieved 75 million views in 5 languages. It sure was relevant. It made an impact. It entertained people. BuzzFeed is betting big on this as the future of advertising. Most publishers see social and mobile happening. But are they preparing for the according advertising world, where the golden rule of money following eyeballs still applies?

http://www.buzzfeed.com/jonah/2015memo#.jyEaA2DMX