YouTube signs up Madonna and Wall Street Journal for channels venture
By Sarah Shearman, mediaweek.co.uk, Monday, 31 October 2011 09:45AM
YouTube is making a further push into professional content with the launch of more than 100 new channels, which will contain video content from celebrities such as Madonna and Ashton Kutcher and publishers such as The Wall Street Journal.
The Google-owned site is reported to be investing around $100m in the new venture and will be adding 25 hours of fresh programming a day.
Robert Kyncl, global head of content partnerships at YouTube, wrote in a blog post on Friday: "Our goal with this channels expansion, along with the grants and educational programs we’ve launched in the past year, is to bring an even broader range of entertainment to YouTube, giving you more reasons to keep coming back again and again."
"And for advertisers, these channels will represent a new way to engage and reach their global consumers," he wrote.
YouTube will give advances to the content partners and after YouTube recoups the advance it will split ad revenue generated from the content with the partner receiving the majority.
The first of the channels will roll out on YouTube next month with others following over next year.
Vice, Red Bull, The Onion and Reuters are among the first partners readying the launch of a channel on YouTube. Rappers Jay-Z and Pharrell Williams are also expected to roll out content channels.
The news follows soon after YouTube launched an online movie rental service and a ‘Merch Store’ to sell music goods.
This article was first published on mediaweek.co.uk
- Affiliates Executive - No. 1 Agency! GoodEgg Digital Circa £25k + Exceptional Benefits, Central London
- Digital Display Manager - Leading Agency GoodEgg Digital £Neg + Great Benefits, South East England / London (Central), London (Greater)
- Senior Marketing Director - 9-12 month FTC Comedy Central £competitive, Camden, London (Greater)
- Media Insight Executive - Client Side Elizabeth Norman International £24000 - £30000 per annum + Benefits, London
- Head of UX & Digital Design Director MCG Associates tax free competitive package, Dubai (Emirate) (AE)
- FT to reveal first design overhaul in seven years
- Philips launches campaign for app-controlled lightbulbs
- Sorrell warns of Scotland becoming an 'outlier' and the UK 'diminished' by a Yes vote
- Notonthehighstreet.com launches brand campaign
- Publicis boss Maurice Lévy to step down in 2017 amid board shake-up
- 18 Feet & Rising wins Skoda digital brief