SEBI Registration NO.---- INA000001530 Investment in stock and commodity market are subject to market risk. Please do not trade on those tips which are not provided through SMS or messenger.

Twitter selling its NFL ad spots for over $50 million

Twitter selling its NFL ad spots for over $50 million

New York: Micro-blogging site Twitter is wanting to offer the advertisement bundles connected to US National Football League (NFL) amusements spilling – which it acquired for 10 million Dollars back in April – for almost $50 million, a media report said on Tuesday.

Twitter paid for the right to stream 10 of the NFL Thursday night games and Twitter CEO Jack Dorsey had hinted that this deal would help the company earn better traffic, technology website Re/Code reported.

Dorsey and COO Adam Bain were in France at the yearly Cannes Lions ad festival this week, working to drum up business.

“These promotions bundles, which consolidate the advertisement stock Twitter has around NFL, highlights that it likewise sold a year ago, in addition to the NFL diversion footage it purchased for this present year, are offering between $2 million and $8 million for each sponsor,” the report cited a source as saying.

That reach relies on upon the quantity of promotions and regardless of whether they are appeared amid a diversion versus close by other NFL content, the report said.

“Twitter needs to offer 10 to 15 of these bundles. Twitter has effectively sold around 60% of this advertisement stock,” Matt Derella, who runs NA deals for Twitter and is accountable for offering the NFL bundles, was cited as saying.

error: Content is protected !!