Turner Sports and Snapchat Sign 'Live Stories' Deal
March 10 2016 - 7:50AM
Dow Jones News
Turner Sports has signed a two-year deal with Snapchat to create
"Live Stories" surrounding sporting events like March Madness
basketball, college baseball and professional golf, becoming the
latest media company to team up with the disappearing-messages
service.
Snapchat will feature 14 Live Stories throughout the March
Madness tournament, which will air on Turner properties as well as
on CBS. The Snapchat stories will collect videos and photos from
fans at the games as well as behind-the-scenes content created by
Turner's social media team. Snapchat and Turner will work together
to sell advertising within those stories and share in the
revenue.
Snapchat has been expanding its ties to media and sports
companies eager to reach the app's young audience. Snapchat, which
has more than 100 million users who log into the app daily, has
featured stories from the National Football League and Major League
Baseball. CNN, a Turner property, has a channel on Snapchat's
Discover page, a hub for news and entertainment from various media
companies including BuzzFeed, Vox Media, ESPN and The Wall Street
Journal. Last month, Snapchat signed a multiyear arrangement with
Viacom that allows the media giant to sell advertising on
Snapchat's behalf.
Seth Ladetsky, senior vice president of ad sales at Turner
Sports, said the company tested a March Madness Live Story during
the Final Four of last year's tournament and negotiated with
Snapchat to expand the offering this year. "It lends itself very
well to these big events," he said.
Insurance company Allstate will be one of the advertisers in the
Live Stories, Mr. Ladetsky said.
Under the new agreement, Live Stories will also be created for
other events for which Turner holds the rights, such as the College
World Series and PGA Championship. Turner Broadcasting, a unit of
Time Warner Inc., owns networks like TBS, TNT and CNN.
In the future, Turner hopes to partner with Snapchat for events
surrounding its planned e-sports league, Mr. Ladetsky said.
Write to Steven Perlberg at steven.perlberg@wsj.com
(END) Dow Jones Newswires
March 10, 2016 07:35 ET (12:35 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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