BuzzFeed, a news and entertainment network, received an additional $200M investment from NBCUniversal.
With the investment, the two companies will extend their advertising sales relationship. BuzzFeed will collaborate with NBCUniversal on production and social distribution for NBCUniversal’s Content Studio, which delivers platform-specific, short-form digital video content to advertisers. NBCUniversal will represent BuzzFeed’s inventory to advertisers.
Additionally, the two companies will work together to create new digital consumer experiences for NBCUniversal premium content.
The new investment will also allow BuzzFeed to further develop data science and technology, growing the Tasty food media network, and creating cross-platform advertising products. Additionally, BuzzFeed News will expand on all digital platforms and continue to grow its digital video operations in Los Angeles, New York, and globally.
Led by Jonah Peretti, CEO and Founder, ann Kenneth Lerer, Executive Chairman, BuzzFeed is an independent digital media company delivering news and entertainment to hundreds of millions of people around the world.
Its global, cross-platform network includes the website and mobile apps, Facebook, Snapchat, YouTube, and many other digital platforms.
Headquartered in New York, the company has an entertainment studio based in Los Angeles, and offices in London, Paris, Berlin, Madrid, Sydney, Mumbai, Tokyo, Sao Paulo, Mexico City and Toronto.