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
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
Authentic Brands Group (ABG), a global brand development, marketing and entertainment company, today announced that it has finalised the purchase of the intellectual property of Sports Illustrated from Meredith Corporation. This acquisition adds a new vertical to ABG's growing platform and portfolio, which currently generates over US$9.3 billion in global retail sales annually.28th May 2019 Deals
Discovery announced it has acquired Golf Digest from Condé Nast. Golf Digest will extend Discovery’s global golf media business to the US market through the brand's multi-platform distribution and reach.13th May 2019 Deals
For a long time lauded as the way to automate large parts of the industry, AI is, according to Lindsay Silver, VP of product at Condé Nast, finally coming of age – and AI 2.0 will have plenty to offer beyond simply taking tasks away from the editors.15th Aug 2019 Features
Liz Vaccariello is editor-in-chief of Parents magazine at Meredith Corporation. Here, she explains how taking a practical approach to innovation has helped the brand to evolve, and why a digital mindset can also hold great benefits for a print publication.19th Aug 2019 Features
The first round of recipients of grants to fund community journalism, paid for by Facebook, was announced on 17 July with a second round of grants also announced in the US. While many are happy as grants of up to US$25,000 remain up for grabs, others remain skeptical about the social media giant’s intentions.12th Aug 2019 Features
Cosmopolitan South Africa’s August cover star will be part of an exciting line-up of media and brand experts who will discuss the secrets of successful collaboration in spotlighting brands in magazine media at this month’s FIPP Insider events in South Africa.12th Aug 2019 FIPP News
On average global internet users spent 2 hours and 23 minutes on social media per day, though trends differed widely by country. In around half of the markets that Global Web Index surveyed, social media use had shrunk or plateaued in Q1 2019 when compared with 2018 figures.12th Aug 2019 Insight 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