HomeNewsWorldNBCUniversal invests $200 million more in BuzzFeed

NBCUniversal invests $200 million more in BuzzFeed

NBCUniversal parent Comcast has pumped heavily into digital-native companies such as BuzzFeed and Vox Media, partly in an effort to better service existing advertisers.

November 22, 2016 / 07:54 IST
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Online media company BuzzFeed, best known for its list-based articles and quizzes, said Comcast Corp's NBCUniversal had invested an additional USD 200 million in the company.

NBCUniversal last year invested roughly the same amount in BuzzFeed.

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NBCUniversal parent Comcast has pumped heavily into digital-native companies such as BuzzFeed and Vox Media, partly in an effort to better service existing advertisers.

BuzzFeed, whose content generates 7 billion views each month, will collaborate with NBCUniversal on production and social distribution for NBCUniversal's Content Studio, the companies said on Monday.