Tastemade

Tastemade, Inc. a video network that offers food and travel related programming for online audiences.[2][3][4]

Tastemade, Inc.
IndustryDigital media, web video, entertainment
FoundedJune 2012
FounderLarry Fitzgibbon
Joe Perez
Steven Kydd[1]
Headquarters
Santa Monica, California
,
U.S.
Area served
Worldwide
ServicesMultimedia, digital video
Websitetastemade.com

Overview

Founded in 2012 by Larry Fitzgibbon, Steven Kydd and Joe Perez in Santa Monica, California, Tastemade is a global, digital food and travel network for millennials that lets users explore cuisine from around the world through a mix of original content and user-submitted videos.[5] Tastemade’s content reaches over 100 million people a month across over 200 countries.[2][6] Tastemade's content is available on Facebook, Instagram, Snapchat, AppleTV, Pinterest, Roku, YouTube TV, TiVo+, DirecTV, Sling TV and Tastemade's website and the service's app.[2][7] More than half of Tastemade's views happen on mobile devices and connected TVs.[8]

History

In 2014, Tastemade's original program Thirsty For… won a James Beard Award in the New Media category for Video Webcast, Fixed Location and/or Instructional.[9] That same year, The Perennial Plate, a documentary series about sustainable food practices on the Tastemade network, also won a James Beard Award in the New Media category for Video Webcast, on Location.[10] The Grill Iron, a Tastemade travel show about college football tailgating, generated over 5 million total views and was nominated for a James Beard Award in 2015.[11][12] Later, The Grill Iron became Tastemade’s first show to migrate from digital to broadcast television in September 2015.[13] In 2016, Tastemade won a Webby Award in the Online Film & Video category for Documentary Series for its show, Heritage.[14]

In early 2015, Apple added the Tastemade channel to its Apple TV device.[3][15][16] That same year, Tastemade was named one of the World's Top 10 Most Innovative Companies by Fast Company.[5]

Tastemade was the third most viewed channel in the world on Facebook in July 2016.[17] In July 2015, Facebook began testing a revenue sharing program with its video partners, Tastemade being among them.[18] Tastemade is also part of Facebook's Anthology program, which creates video ads by teaming up advertisers and publishers.[19] In April 2016, Tastemade announced an agreement with Facebook to produce and air 100 Facebook Live shows every month.[20]

Tastemade debuted as one of Snapchat’s new publishers on its Discover platform in August 2015, producing original food and travel content for the app on a daily basis.[21] The following month, Tastemade's Snapchat Discover channel launched in the United Kingdom and France.[22] Tastemade’s Snapchat channel was nominated for a Webby Award in 2016.[23]

Funding

In 2014, Tastemade announced $25 million in series C funding, led by Scripps Networks Interactive with participation by Liberty Media Corporation, bringing the startup’s total funding to $40 million.[8] In December 2015, Tastemade secured a $40 million Series D funding round led by Goldman Sachs, with participation from existing investors Redpoint Ventures, Raine Ventures, Comcast Ventures, Liberty Media, Scripps Networks Interactive, and Tohokushinsha Film Corporation, bringing the total funding to $80 million.[6] In October 2018, Tastemade closed a $35M Series E funding round led by Goldman Sachs Growth Equity along with new investors Amazon and Cool Japan Fund, with participation from existing investors including Redpoint Ventures, Raine Ventures, Comcast Ventures, and Liberty Media, bringing total funding to $115 million. [24]

Programming

Tastemade's original programming includes the shows Thirsty For…, Alice in Paris, 8-Bit Cooking School, All the Pizza, One for the Road, Food Court, and Grand Opening—Bondi Harvest.[25] Its show, Tiny Kitchen, which focuses on dishes being made in a miniature kitchen, has been featured on ABC News.[26]

Network sponsors

Tastemade's original programming has attracted sponsors including Grey Goose, Stella Artois, Chase, Kraft Foods, General Mills, Hyundai, American Express, Visa, San Pellegrino, Starbucks, Unilever, Realtor.com, and others.[8][2][27][28][29] Tastemade released the findings of a study commissioned from Nielsen which showed that integrating brands into the content resonated better with viewers. Specifically, the study found that brand integration resulted in much higher brand affinity, perception and recall, and increased purchase intent by 30 percent.[30]

In 2014, Tastemade signed a development deal with Ryan Seacrest to create food and lifestyle programming.[31][32]

Selected list of programs

References
  1. Rankin Nassel, Kenrya HOW STEVEN KYDD IS TAKING ON THE FOOD NETWORK ONE WEB VIDEO AT A TIME Fast Company. September 15, 2016
  2. Spangler, Todd YouTube Network Tastemade Raises $25 Million Led by Scripps, Liberty Media Variety. September 15, 2016.
  3. Spangler, Todd Apple TV Adds TED Talks, Tastemade and Young Hollywood Channels Variety. September 15, 2016
  4. Lawler, Ryan Meet Tastemade, The YouTube Network For Food Lovers Tech Crunch. September 15, 2016
  5. The World's Top 10 Most Innovative Companies of 2015 in Food Fast Company. September 15, 2016
  6. Baysinger, Tim Tastemade Raises Another $40 Million for Its Booming Food-Video Business AdWeek. September 15, 2016
  7. Richwine, Lisa Online video site Vessel bets fans will pay for early access Reuters. September 15, 2016
  8. Peterson, Tim With New Funds From TV Companies, YouTube Net Tastemade Adds Shows AdvertisingAge. September 15, 2016
  9. Tastemade Serves Up A Win: Original Series Thirsty For… Honored At The 2014 James Beard Foundation Awards PR Newswire. October 6, 2016
  10. Ledbetter, Carly 2014 James Beard Award Winners Announced In Book, Broadcast, And Journalism Categories Huffington Post. October 6, 2016
  11. The Complete 2015 JBF Award Nominees James Beard Foundation. October 6, 2016
  12. The Grill Iron on Youtube Youtube. October 6, 2016
  13. Kafka, Peter Tastemade Graduates a Web Video Show to TV Recode. October 5, 2016
  14. Heritage The Webby Awards. October 5, 2016
  15. Fingas, Roger Apple TV app lineup expands with TED, Tastemade, Young Hollywood Apple Insider. October 6, 2016
  16. Rossignol, Joe Apple Adds New Apple TV Channels TED, Tastemade and Young Hollywood MacRumors. October 6, 2016
  17. Most Watched Facebook Creators: July 2016 Tubular Labs. October 5, 2016
  18. Ungerleider, Neal FACEBOOK TO START SHARING AD REVENUE WITH VIDEO PARTNERS Fast Company. October 6, 2016
  19. Ha, Anthony Facebook Gets Vice, The Onion, And More To Make “Anthology” Viral Videos For Advertisers TechCrunch. October 6, 2016
  20. Patel, Sahil Inside the Live gold rush: Tastemade plans to do 100 Facebook Live shows every month Digiday. October 5, 2016
  21. Roettgers, Janko Snapchat Adds Mashable, IGN, Tastemade to Discover Platform Variety. October 5, 2016
  22. Shields, Mike As Snapchat Pushes Into France, U.S. Media Companies Tag Along Wall Street Journal. October 5, 2016
  23. Tastemade Snapchat Discover The Webby Awards. October 5, 2016
  24. Spangler, Todd (2018-10-17). "Tastemade Raises $35 Million in Funding From Investors Including Amazon". Variety. Retrieved 2018-11-03.
  25. Jarvey, Natalie Tastemade Expands Food Programming to Include Animated, Scripted Series (Exclusive) The Hollywood Reporter. October 5, 2016
  26. Japanese Man Creates the Tiniest, Most Adorable Miniature Food Ever ABC News. October 5, 2016
  27. "Tastemade to Bring Award-Winning Food Travel Program to Domestic Flights" (Press release). PR Newswire. December 12, 2016
  28. Shields, Mike Tastemade’s Fall Lineup Attracts Big Advertisers Without Ad Sales The Wall Street Journal. December 12, 2016
  29. Patel, Sahil "Tastemade Sees Success with Branded Originals, Plans to Do More". The Video Ink. December 12, 2016
  30. "Tastemade Content Boosts Brand Perceptions for Sponsoring Advertisers" Market Watch. December 12, 2016
  31. Khatchatourian, Matt "Ryan Seacrest Prods., Tastemade Ink Deal for Food TV Programming" Variety. December 12, 2016
  32. Swisher, Kara "Tasty Funding: Tastemade Raises $25 Million More from Scripps and Moves to Android" Re/code. December 12, 2016
  33. Jillian Morgan, "Extra: Blue Ant, Handel Productions ink deal; 'Mary's Kitchen Crush' goes abroad". RealScreen, October 1, 2019.
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