Ringier has acquired a minority interest in the Berlin start-up Bot Labs, which was founded in January 2018 by Hubert Burda Media together with Ingo Rübe, the former CTO of the national publishing company at Burda. Bot Labs develops blockchain-based technological innovations for companies and offers cooperative models.
Robin Lingg, head of marketplaces at Ringier, said of the investment: "With the help of Bot Labs, we are aiming to better understand the potential of blockchain technology and to learn how to exploit it for the digital assets in our portfolio. As a digital media company – one that is family owned, like Hubert Burda Media – we need to continue to successfully drive forward Ringier’s digital transformation. In addition to investing in companies, we see investments in enabling technologies as investments into the future of our group".
"Blockchain technology has the disruptive power to eliminate intermediaries. For publishing companies like us, it offers a major opportunity to liberate the connection to our consumers from the clutches of monopolists and to utilise the value created by our content in the digital world for its true purpose: financing high-quality journalism", says board member Philipp Welte, who represents Hubert Burda Media as a shareholder of Bot Labs. "We are therefore delighted that with Ringier, another media company with worldwide renown wants to harness the potential of this new enabling technology for its business".
Founder and CEO of Bot Labs Ingo Rübe explains: "Our open-source and free protocol allows businesses and public authorities to use blockchain and paves the way for countless new business models in virtually all industries".
Blockchain facilitates all kinds of secure transactions, cutting out the middleman. It is a democratic, consumer-friendly and secure technology that has the potential to make all intermediaries redundant and eliminate data misuse and data silos.
Ringier is a member of FIPP.
More like this
Vox Media and New York Media announced that they have entered into a definitive agreement to merge. The deal, which is subject to customary closing conditions, is expected to close later this autumn.25th Sep 2019 Deals
Newspaper and magazine platform PressReader has announced its acquisition of News360. News360's technology analyses and attributes content from any given news story to more than a million distinct audience interests, and reaches more than 100M unique readers every month through its News360 app.21st Aug 2019 Deals
Future Media Group has acquired W from Condé Nast. The acquisition will bring W together with Surface and Watch Journal to form Future Media Group. The Group will continue to publish eight print issues of W annually while also expanding the brand's digital and experiential footprint.25th Jun 2019 Deals
Wainscot Media, a provider of publishing and content marketing solutions based in the USA, has acquired 9Threads, publisher of two prominent B2B fashion magazines and its associated properties.28th May 2019 Deals
As publishers face up to the existential threat posed by Covid-19, the last thing it needs is a self-inflicted wound. Yet, many working in distribution and the inflight sector fear that’s exactly what will happen unless there’s a concerted effort in the industry to debunk the myth that printed magazines are coronavirus super-spreaders.30th Jun 2020 Features
Meredith Corporation's Food & Wine will host its first-ever Food & Wine Classic at Home virtual event on Thursday, 23 July beginning at 4pm EDT at foodandwine.com/ClassicAtHome and featuring all-star talent including Martha Stewart, Jacques Pépin, Ayesha Curry, JJ Johnson, Stephanie Izard and Kwame Onwuachi.30th Jun 2020 Industry News
Here are two reasons eleven reasons why.29th Jun 2020 FIPP News
[Sponsored by UPM Communication Papers] The urgency of climate change is clearly on people’s minds. Increased media coverage has helped stoke public awareness, while the clear need to strengthen the global response to this threat has led to the signing of the Paris Agreement1, which aims, among others, to limit global temperature rise to well below 2°C.30th Jun 2020 Insight News
On 1 and 2 July, we will host the first-ever FIPP Insider New Zealand online. Join us for six exciting speaker sessions and opportunity to network or meet one-to-one across two days. Absolutely free. Sign up now.29th Jun 2020 FIPP News
Visit our Youtube channelFIND OUT MORE
FIPP newsletters allow you to keep up with industry trends, research, training and events across the worldFIND OUT MORE
What’s happening now, what’s coming next