By Joe Flint 

Without some amateur video, "Sharktacular" was looking less than spectacular.

So, with the clock ticking, producers of the TV program--a preview of sorts for Discovery Channel's annual summer ritual known as "Shark Week"--placed a desperate call to Jukin Media, a small company that aims to corner the market for supplying user-generated video and getting permission from creators to air it.

Jukin had what they needed. "All the crazy wacky stupid viral videos people shoot, they had it and they had it cleared," said Craig Piligian, chief executive of Pilgrim Entertainment, the production company behind "Sharktacular," which aired last month.

Among the videos selected was one of a scuba diver cameraman's reactions after he finds himself swimming next to a huge whale shark and another of a paddle boarder being checked out by a great white shark.

"We discover stuff before it goes viral," said Jon Skogomo, Jukin's co-founder and chief executive officer.

In earlier days, clip shows relied primarily on submissions from viewers. The explosion of social networks and online video sites changed all that.

Mr. Skogmo, a former clip hunter for shows such as "Country Fried Home Videos," which he described as a "redneck version of 'America's Funniest Home Videos,'" saw an opportunity to create a stock footage house of viral videos that could serve as a one-stop shop for media platforms and a business manager for rights holders.

Clearing user-generated content for use is becoming increasingly critical, not just for TV networks but a range of online publishers and news sites scouring the Web in search of content to plug into their work, from surfing wipeouts to a dog climbing a wall to a piece of citizen journalism shot in Syria.

Jukin's competitors include Storyful, an Ireland-based startup that News Corp, parent company of The Wall Street Journal, acquired in 2013 for $25 million and British-based Rightster Group PLC.

Based in an industrial Los Angeles neighborhood, Jukin was started in 2009 out of Mr. Skogmo's West Hollywood apartment. It has grown to almost 100 employees from 22 employees two years ago, and has amassed a library of over 20,000 clips.

Backed by investors including Bertelsmann Digital Media Investments and Maker Studios, the company says its annual revenue is around $10 million.

On a typical day, a Jukin researcher will look at more than 400 videos in the hopes of finding gold amidst the garbage that is most user-generated content. There are 10 internal full time employees looking for videos and freelancers around the globe. The researchers look on YouTube, Reddit, Dig, Twitter, Daily Pics and Flicks as well as Twitter, Facebook and other sites. They license an average of 150 clips a week.

At a recent staff meeting, Jukin's researchers showed off their videos the way a fisherman might boast of a big catch. On this particular day, the big gets were "Chicken Attacks Girl" and "Fat Boy Breaks Trampoline."

While finding the content is easy, getting clearance isn't. Mark Bracco, executive vice president of programming at Dick Clark Productions, said partnering with Jukin on "World's Funniest," an amateur video show that will start its second season on Fox this fall, "took one of the hardest things about doing the show off the table."

Tracking down the origins of a video, particularly one that has landed on multiple sites can be akin to a mouse in a maze looking for cheese. "Just follow the trails," said Jukin Research Director Kyle Andrew.

Once Jukin finds down a video's owner an offer is made for anywhere from $100 to $5,000, depending on the quality. Jukin offers rights holders their choice of an outright sale or a revenue split.

"Hero Cat," a home video of a cat rescuing a little boy from an attacking dog, generated millions of views after Jukin snagged the rights and NBC's "Today" aired it. Roger Triantafilo, the father of the boy and owner of the cat, estimated that the video has generated between $25,000 and $30,000 for his family so far.

After Jukin has licensed a clip, it can put it on one of its YouTube channels and sell it elsewhere.

Other shows that have tapped Jukin for content range from ABC's "Good Morning America" to Comedy Central's "Tosh.0" and MTV's "Ridiculousness."

Jukin also owns popular websites such as FailArmy, which has 7.7 million subscribers. It syndicates clips as well to several sites and portals including Yahoo, which has a Jukin feed in the U.K.

"Their content is very sticky and shareable," said Yahoo Media communications director Becky Auslander.

Madison Avenue is now turning to Jukin in search of amateur content that could be used for commercials, such as a clip it licensed of a Subaru towing a police car that had been stuck in the snow. Subaru licensed the clip to use as advertising. Jukin also has licensed clips for use in ads by Nestlé, Pizza Hut and Del Taco.

"TV used to be the only revenue stream, now it is the last revenue stream," said Mr. Skogmo.

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