Regulatory News:
Publicis Groupe [Euronext Paris: FR0000130577, PUB] today announced that
it has acquired an equity stake in Big Fuel, the New York-based social
media agency. According to the terms of the agreement, Publicis Groupe
immediately acquires 51% of the new agency, and has the possibility of
increasing its participation to 100% from 2014. Big Fuel will be aligned
under the VivaKi organization and serve as a strategic social media
"center” for the VivaKi agencies Digitas, Razorfish, Starcom MediaVest
Group and Zenith Optimedia, complementing their existing teams.
With more than 170 employees, Big Fuel is one of the only pure-play
social media agencies in the industry, with all employees dedicated to
providing clients with social media services including strategic,
creative, distribution, management and analytics. The company has grown
from 30 employees in early 2010, and its 2011 revenue is expected to
reach nearly $30M, a 500% increase year-on-year. It has been named
social media agency of record for some major marketers, including GM and
T-Mobile. Big Fuel also works with Colgate-Palmolive, Microsoft, Clorox,
Children’s Place, Gore-Tex, InBev and Philips.
Big Fuel is headed by Jon Bond, CEO, who assumed the role in January of
2011. Bond runs the agency in partnership with Avi Savar, founding
partner and Chief Creative Officer, and Mike McGraw, managing partner
and COO. Big Fuel will report into the VivaKi organization through Laura
Lang, global CEO of Digitas and member of the VivaKi Board of Directors.
"Big Fuel is a dynamic social media agency with a scalable model that
encompasses social tools, process, a content studio and a distribution
network. As a result, it will extend the creative and content resourcing
of Digitas and Razorfish,” said Laura Lang. "They specialize in
taking brands from content to commerce, and their social media operating
system has earned them Social AOR status with some of the world’s most
powerful marketers.
Sitting inside VivaKi, with its powerful
media and digital agency networks, Big Fuel gives us unprecedented Paid,
Owned and Earned capabilities, further enhancing the social media
strategies of its sister agencies.”
Jon Bond, CEO of Big Fuel, says the deal will help support Big Fuel’s
rapid organic growth. "Big Fuel's founder Avi Savar had the vision to
create one of the first full-service social media agencies,"
said Bond. "Now that social is revolutionizing global marketing, this
partnership gives the agency and its clients scale, impact, and a
network around the world."
According to Research company eMarketer, worldwide spending on social
networks will reach almost $6 billion this year, amounting to $3.1
billion in the US and $2.9 billion in international markets.
About Publicis Groupe:
Publicis Groupe [listed on the Euronext Paris Exchange - FR0000130577 -
and part of the CAC 40 index] is the world's third largest
communications group. With activities spanning 104 countries, Publicis
Groupe employs approximately 50,000 professionals and offers local and
international clients a complete range of advertising services through
three global networks: Leo Burnett, Publicis, Saatchi & Saatchi, and
numerous agencies including Fallon, 49%-owned Bartle Bogle Hegarty, and
Kaplan Thaler Group. VivaKi combines digital and media expertise,
allowing clients to connect with consumers in a holistic way, with
Starcom MediaVest Group and ZenithOptimedia worldwide media networks;
and interactive and digital marketing led by Digitas and Razorfish
networks.Rosetta is an autonomous consulting and digital marketing
agency. Publicis Groupe offers healthcare communications with Publicis
Healthcare Communications Group (PHCG, the first global network in
healthcare communications). And with MSLGROUP, one of the world's top
five PR and Events networks, also provides expertise in corporate and
financial communications, public affairs, branding, and social media
marketing.
Website: www.publicisgroupe.com
| Twitter: @PublicisGroupe | Facebook: www.facebook.com/publicisgroupe
About Big Fuel:
Big Fuel is a social media agency based in New York. It takes brands
from Content to Commerce, a unique approach that bridges "people
stories" to "product stories" through social media and branded content.
Big Fuel is one part marketing agency, building brands through consumer
insight; one part entertainment company, creating content that people
love; and one part distribution company, driving guaranteed results by
delivering content to and growing targeted audiences. The company works
with major brands, leading agencies, publishers and platforms to help
marketers achieve true consumer engagement. Visit Big Fuel at www.bigfuel.com.
