Snapchat Closes New Deal

Wochit Headline News - Tuesday, 20 June 2017  (1 week ago)
Good news for Snapchat: The app just got a huge boost from an established Hollywood player, who’s rolling the dice on a new way of watching TV. Website UpRoxx has shared that the $100 million deal, across two years, essentially turns Snapchat into a tiny television network. Vertical-format comedies, dramas, documentaries, and news programs, each clocking in at 3-5 minutes and produced by Time Warner’s sprawling media empire, will run on Snapchat, with the two companies splitting the ad revenue.

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