Connect with us

Technology

Google may finally be bringing some order to the messy world of influencer marketing thanks to a forgotten acquisition

Published

on


jif
Jif
paid for this YouTube video

YouTube

  • Google’s CEO Sundar Pichai last week talked up
    FameBit — an under-the-radar influencer platform the company
    purchased in 2016.
  • FameBit is now helping broker deals between YouTube
    talent and brands while taking a 10% cut of the
    deals.
  • This has the potential of bringing order to the
    highly fragmented influencer marketing sector.
  • It also put Google in an atypical role of servicing
    creative campaigns, something it’s historically been happy to
    cede to third parties.

Google is looking to bring some order to the chaos that is
influencer marketing.

Specifically, YouTube,
through its 2016 acquisition of the influencer-centric firm
Famebit
, is connecting YouTube creators with brands, and
facilitating the creation of sponsored videos. The unit got a
rare brush with fame last week — a shoutout on Google’s
otherwise low key earnings call.

“Half of the creators that used FameBit in the first three
months of 2018, doubled their YouTube revenue,” said CEO Sundar
Pichai during
the call.

YouTube has historically shied away from this labor intensive,
service-oriented aspect of the business, leaving that to
multi-channel networks like Fullscreen or Maker Studios (which
eventually sold to Disney), talent rep firms and a host of ad
agencies, PR shops, and influencer
database startups.

But in the past few months, via FameBit, Google has
increasingly been playing matchmaker with …



Sponsored: 


If you enjoyed reading this
story so far, why don’t you join Business Insider
PRIME? Business Insider provides visitors from MSN with a
special offer.  




Simply
click here to claim your deal and get access to all exclusive
Business Insider PRIME benefits.



Continue Reading
Advertisement Find your dream job

Trending