Saturday, July 14, 2012

Will crowdsourcing disrupt the advertising business? | SmartPlanet

Can the ?crowd? be just as creative as the advertising geniuses at Mad Men?s Sterling, Cooper, Draper & Pryce?

Poptent, a video crowdsourcing platform, announced it has raised $5.5 million to promote its video crowdsourcing approach to the advertising industry. The company says it now has a network of more than 50,000 videographers from 140 different countries at the beck and call of advertising firms that need to produce commercials.

As TechCrunch?s Ryan Lawler reports:

?To date, Poptent says it has paid out more than $5 million to videographers since being founded in 2007. That might not sound like a lot, but the rate at which its assignments are coming in ? and the paychecks are cut ? continues to accelerate. It had only paid out about $2 million by late last year, so it?s more than doubled its revenues in less than 12 months. And it?s getting some big-name brands on board: Companies like Dell, Intel, Jaguar, and Walgreens have paid for video ads and messaging produced by Poptent?s network of videographers.?

Poptent-originated ads for Southern Comfort have recently begun airing, and Dannon turned to the Poptent model for a SuperBowl ad aired in February.

Unlike many crowdsourcing engagements, participants have an opportunity to build up portfolios within the Poptent sphere.

(Photo: Wikipedia.)

Source: http://www.smartplanet.com/blog/business-brains/will-crowdsourcing-disrupt-the-advertising-business/25233

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