Website jukinmedia.com Founded 2009 | Headquarters Los Angeles Type of business Private | |
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Industry Entertainment, Digital Media Founders Jonathan Skogmo, Aldo Carrascoso, Josh Entman Key people Lee Essner (president and Chief Operating Officer)
Josh Entman (Cofounder and Chief Development Officer) Brands FailArmy, JukinVideo, World's Funniest, The Pet Collective Profiles | ||
Dick clark productions jukin media 2015
Jukin Media, Inc. is an entertainment company that operates by identifying shareable or otherwise compelling user-generated videos, negotiating with the video owners, and then licensing the videos for third-party use and/or featuring the videos in its own productions. The company was founded in 2009 by Jonathan Skogmo and is headquartered in Los Angeles, California.
Contents
History
Jukin Media's Founder and CEO Jonathan Skogmo conceived of the idea for the company while working as a video researcher and producer for the television show Country Fried Home Videos. After realizing there was an opportunity to aggregate and monetize digital clips that appeared on YouTube and other online video platforms, he started Jukin Media in 2009 from his West Hollywood apartment.
Between 2013 and 2015, the company raised several rounds of funding totaling $4.2 million from investors including, among others, Bertelsmann Digital Media Investments, Peter Guber, Maker Studios, and Samsung Ventures.
In 2014, Jukin partnered with Maker Studios, giving Maker Studios access to Jukin's library of video clips, and giving Jukin access to Maker's operational resources. The partnership also resulted in the launch of a dedicated website for FailArmy, Jukin's owned and operated entertainment brand. In January 2016, the company announced that it had paid more than $5 million to viral video creators.
Operations
Jukin Media operational model involves discovering, acquiring, and licensing user-generated video clips. Besides licensing those video clips for use by advertisers, digital publishers, TV shows, and other entities, it also provides licensing and clearance services to production companies and media networks. Additionally, Jukin Media produces and owns a variety of multimedia channels on media platforms such as YouTube, cable television, and broadcast television.
Licensing model
Through a process of review that utilizes proprietary software and manual sorting, Jukin identifies videos that might go viral and then negotiates with the video's owner to establish a licensing agreement with that user. Jukin pays video owners for every video, whether by one-time payment or ongoing revenue share. Once Jukin has acquired a clip, it monetizes the clip with advertisements and integrates the clip into its library of videos that are available for third-party use. After being acquired, the video clips are licensed to third-parties that distribute them through a variety of channels including social media, television, and websites.
Jared Frank kicked in the head
One notable example of the type of videos that Jukin Media seeks out involved Canadian man Jared Frank filming himself being kicked in the head by the driver of a passing passenger train in Peru. As of August 2015, the video, licensed by Jukin Media, had reached nearly 38 million views and had netted the video's creator approximately $30,000.
Hero Cat
Another notable example involves a California man named Roger Triantafilo, whose home security system captured a video of his son getting attacked by a neighbor’s dog, only to be rescued by the Triantafilo’s house cat.
Pizza Rat
Another notable example involves Pizza Rat, a viral video depicting a rat carrying a large slice of pizza to its home on the New York City Subway. The video’s creator Matt Little signed with Jukin Media when the video had received just a few thousand views; within a few weeks it reached over 8 million views on YouTube, and was featured on many popular TV shows and websites, including The Late Show with Stephen Colbert and Conan.
Chewbacca Mom
The four-minute viral video known as Chewbacca Mom or Chewbacca Mask Lady, is another notable example. The video, which featured 37-year old Candace Payne from Texas wearing a mask of popular Star Wars character Chewbacca, became the most watched Facebook Like video ever recorded.
Now That's Funny!
Jukin Media produces the TV show “Now That’s Funny!” on Channel 5, which is a family-friendly clip show airing on Sunday nights.
FailArmy the TV show
Jukin Media also produces an international TV version of FailArmy. The half-hour comedy based on the popular YouTube channel airs in 221 TV markets worldwide.
Related properties
In addition to the company's video services, it is also the producer of World's Funniest on FOX and is the owner and operator of several consumer-facing entertainment brands, including FailArmy, which compiles fail videos and has a subscriber base of approximately 10 million users on its YouTube channel and more than 6.6 million fans on its Facebook page as of March 2016, and The Pet Collective, which is a joint venture between Jukin and FremantleMedia's Tiny Riot! studio.