StudioNow Sees Strong Online Video Ad Spend & Content Creation Demand Driving Rapid Business Expansion
CEO David Mason Sees Video Creation Business Nearly Quadrupling in 2009, Names Publishing Industry Veteran Robert P. Sherry to Guide Partnerships, Market Rollouts
NASHVILLE, TN--(Marketwire - May 13, 2009) - StudioNow (www.studionow.com), the premier
online platform for professional video creation in the market today, has
unveiled company growth projections reflecting a silver lining for the
company in the recessionary cloud. StudioNow CEO David Mason noted that
high demand for online video content continues to run contrary to the
overall economic malaise and is currently on-track to quadruple StudioNow's
business in 2009.
Mason also announced today that global Internet and publishing industry
veteran Robert P. Sherry has joined the company to guide StudioNow's
rapidly expanding network of business partners and additional rollouts of
its custom online video platform in multiple vertical markets. A former
senior executive with companies that include Valueclick, Business.com and
Primedia, Sherry will assume the position of Executive Vice-President,
Business Development, effective immediately.
"Despite the recession, we've seen our business grow dramatically since
January, driven by increased demand among companies seeking to get ahead of
the recession curve and stand apart from competitors through the compelling
online video content created by StudioNow," David Mason said. "Based on our
revenue growth from the most recent quarter, we project the order pipeline
for StudioNow's high-quality online video content to nearly quadruple in
2009, driven by continued expansion of our partnerships with major online
publishers of digital content and rollout of the StudioNow platform in
additional vertical markets."
Internet marketing research firm eMarketer estimates that spending on
online video content and advertising will jump 45% to reach $850 million by
the end of this year and StudioNow is seeing the direct benefits of its
continued leadership in this growing space.
StudioNow creates custom online video production platforms for its
customers in multiple online vertical markets, from publishing to real
estate, online search directories, fashion and design, online broadcasting,
the music recording industry and others.
Since its founding in 2007, StudioNow has created numerous custom online
video production platforms for top tier clients, including Simon and
Schuster, Chronicle Books, Citysearch, Ford Models, CBSRadio, Clearchannel,
Playboy, The NewsMarket, Yahoo/Rivals and many others.
The StudioNow production platform provides dynamic management of the entire
content development and production process from start to finish, connecting
the customer with thousands of expert videographers, editors, directors,
producers, animators and voiceover artists. StudioNow quickly and
efficiently creates top-quality digital content at a fraction of the cost
normally charged by traditional production/post-production houses.
About StudioNow
StudioNow is the premier online platform for video creation and
distribution, aggregating thousands of editors, videographers and creative
individuals to provide professional, 24/7 on-demand video content at
affordable prices to businesses of all sizes across all markets. From major
media organizations to Internet marketers to local advertisers, StudioNow's
proprietary high-volume, Web-based marketplace and custom production
management platform meets the rising demand for high-quality, original
video material. For additional information, please visit:
www.studionow.com.
Contact Information: Media contacts:
Michael Tangeman / Alan Penchansky
The Pen Group
T: +1 305 529 1944
michael@thepengroup.com