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L to the X (Dot TV)
It may lack the exposure (not to mention the mega dollars) of Web behemoths like YouTube and MySpace, but LX.TV may have figured out how this whole Web 2.0 thing can actually generate cash for its owners.
L to the X (Dot TV)
On Tuesday, the New York-based Web channel announced that it would be broadcasting a half-hour television show every morning on WNBC, New York City's NBC affiliate. That's right, a network television channel -- in the biggest media market in the world -- has hired an Internet company to provide them with content. In a climate where online video makes headlines on a daily basis, this deal is serious news. Is this NBC deal a sign that the networks are about to concede more programming responsibilities to broadband outlets? I guess it all depends on how the LX show turns out.
LX's multi-platform television show isn't just getting paid for by the networks -- they're also scoring serious ad dollars from deep-pocketed luxury brands. The same day the NBC deal was announced, LX also broke the news that Jaguar will be sponsoring a nine-episode web series, Gorgeous, that will run on their site. Early in broadcast development, Jaguar isn't the only high-profile player to endorse LX -- Absolut Vodka, American Express and Vail Resorts are already advertising with the company's online programming.
Note to Google and NewsCorp: if you want to start making your money back on your 10-figure investments, you may want to check these LX guys out.