Adjoy Taps GeoBeats for Production of Affordable Online Marketing Videos Worldwide
Adjoy and GeoBeats team up to offer video advertising solutions for restaurants, wineries, hotels, and other businesses.
Rockville, MD September 22, 2009 - Adjoy, a leading video advertising solution provider for local business, today announced its partnership with GeoBeats, an award winning online video production and marketing platform, for the production of low cost, high impact online marketing videos worldwide.
Online video is a rapidly growing internet phenomenon, with comScore reporting that almost 17 billion online videos were viewed by U.S. internet users in April, 2009. The number of users who watched videos on the internet represented close to 79% of the Internet population.
Studies show that online video influences purchasing decisions as users are more inclined to contact the advertiser after watching a video. According to The Kelsey Group (June, 2008) the local online video advertising market will increase from $10.9 million in 2007 to $1.5 billion by 2012, representing an annual growth rate of 168%.
GeoBeats' compelling, narrative, and action oriented video content will enable Adjoy's clients to leverage the power of video in generating higher revenue. The videos will be distributed through Adjoy's online video platform.
An example video can be viewed at http://www.adjoy.com/demo
"It is exciting to partner with an innovative company like Adjoy. As compared to other marketing means, videos provide a lot more information about the business and evoke an emotional response, creating a stronger connection with the customer. With production cost in the hundreds of dollars, online video is the most effective way to market a business," states Ashish Khurana, CEO, GeoBeats, Inc.
"We are delighted and honored to partner with GeoBeats for worldwide online video production. According to our research and experience, GeoBeats is the leading online video production platform. This will enable us in delivering incomparable value to our clients," states Brad Stewart, CEO, Adjoy.
Founded in 2006, Adjoy is a company dedicated to empowering businesses of all sizes with affordable, accountable, and reliable video marketing solutions of superlative quality. The Adjoy™ video platform enables anyone to become a marketer, leveraging existing web assets and extending reach into social networks, while monitoring and tracking all activity.
About GeoBeats, Inc.
Founded in 2006, GeoBeats, Inc. is an industry leader in the development of advertorial and editorial online video content for the world's largest media groups, online local companies as well as the travel industry. GeoBeats leverages its global network of more than 4,500 filmmakers in 55 countries to provide high quality video content to partners such as TripAdvisor, Comcast, and MSN. Filmed and hosted by locals, GeoBeats' video content reflects the local flavor and provides viewers an insider's perspective on destinations with a plethora of topics ranging from lodging and dining to shopping, city walks, and transportation. The company also offers a proprietary video player specifically built to stream travel and local video content. For more information, visit http://www.geobeats.com/productions