NBCUniversal invests $200 million in BuzzFeed

Comcast's NBCUniversal has confirmed plans to invest US$200 million in online publisher BuzzFeed.
August 18, 2015

NBCUniversal has confirmed plans to invest US$200 million in online publisher BuzzFeed.

The news comes less than a month after reports emerged that NBCUniversal was in talks to invest in BuzzFeed, and under a week after it invested $200 million in digital media company Vox Media, which owns technology site The Verge and news site, among other brands. NBCUniversal’s deal with BuzzFeed is expected to value the online publisher at about $1.5 billion.

The Comcast-owned film and television company will also explore “strategic partnerships” with BuzzFeed in the months ahead. The two companies are planning to collaborate on branded content and Olympics coverage, presumably beginning with next year’s Summer Games in Rio de Janeiro, Brazil. NBCUniversal owns the U.S. broadcast rights to the Olympics through 2032.

“They reach a massive, loyal audience and have proven to be among the most creative, popular and influential new media players,” said NBCUniversal CEO Steve Burke in a statement. “We are pleased to be making this investment and for our companies to partner and work together.”

“BuzzFeed and NBCUniversal will be great strategic partners and we both have a lot to offer the other,” added Kenneth Lerer, BuzzFeed’s executive chairman. “We look forward to collaborating on television content, movies, the Olympics and joint partnerships with ad agencies and brands.”

BuzzFeed reaches more than 200 million monthly unique visitors and has 1.5 billion monthly video views.

About The Author
Managing editor with realscreen publication, an international print and online magazine that covers the non-fiction film and television industries. Darah is an award-winning journalist who has spent over two decades covering a wide range of issues from real estate and urban development to immigration, politics and human rights, primarily with The Vancouver Sun. Prior to joining realscreen, she was editor of Stream Daily, realscreen's sister publication covering the dynamic global digital video industry. She also served a stint as a war reporter in Afghanistan for television and print, and was a national business blogger with Yahoo Canada.