Instagram signs deal with major ad agency
Published on Mar 8, 2014 6:48 AM
SAN FRANCISCO (AFP) - Facebook-owned photo sharing service Instagram on Friday said it has landed its first deal with a major ad agency.
The leading social network wouldn't disclose financial aspects of the alliance with Omnicom, but online reports indicated it could be worth as much as US$100 million (S$126.8 million) in ads from clients the agency represents.
"Omnicom shares our passion for and understanding of the mobile Instagram community," Facebook director of market operations Jim Squires said in an email reply to an AFP inquiry.
"Our teams are going to work hand in hand to develop and execute campaigns that provide people with amazing imagery - and drive meaningful business results for advertisers." Squires maintained that Instagram's advertising strategy will continue to involve displaying a limited number of high-quality images or videos from brands that already have a strong presence at Instagram.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!