Earlier this week, CNN announced its plan to launch a digital video platform named Great Big Story (GBS) that targets millennials with “three to five non-fiction videos per day” that caters to the interests of “urban, globally curious 25-to-35-year-olds.” CNN plans to rely on Facebook, YouTube, and an upcoming GBS mobile app as its primary means of distribution, with an app for OTT streaming platforms like Roku and Apple TV coming next year. The news network indicates no immediate plans for display advertising or pre-roll commercials on GBS, but focusing all initial advertising efforts on branded content instead.
What Brands Need To Do
By launching GBS, CNN is effectively building a young-skewing content platform to go after the content marketing dollars, which puts them in direct competition with the likes of Buzzfeed and Vice. For brands, it’s time to recognize the rising importance of branded content, especially videos, in reaching today’s younger, tech-savvy audience and start to team up with media owners to create quality content that people want to watch and share.