- The
traditional digital media model was broken; Jerrick built a new one
- Jerrick’s
proprietary Vocal platform gives content creators powerful storytelling,
money-making, audience-building tools
- With
over 500,000 Vocal creators and 8 million monthly visitors, Jerrick’s
market penetration still in its early stages
In today’s digital world, demand for user-generated content
is soaring. Every minute on the Internet, more than 4 million videos are viewed
on YouTube. In that same minute, 1,440 WordPress posts are published, 481,000
tweets are sent, and 174,000 Instagram posts are viewed. These numbers are expected
to only continue to rise. Jerrick Media Holdings Inc. (OTC: JMDA) empowers
creators with Vocal, a platform strategically designed to drive value for the
virtually infinite number of digital content creators.
Jerrick is a holding company focused on developing
technology-based solutions. The company pursues a simple, straightforward
mission: to provide creators with the technology and resources to get discovered
and earn money to fund their creativity. The company achieves this mission
through Vocal, its proprietary longform publishing platform equipped with
storytelling tools and engaged communities for content creators of all kinds.
Early on, Jerrick recognized the problems associated with
the traditional digital media model. The company identified systemic flaws and
threats inherent in the digital media industry, including limited paths to
profitability, high content creation costs, excessive traffic requirements to
monetize, compressing margins on display advertising, and high marketing and
general operational expenses.
“The traditional digital media model was broken,” the
company notes in its corporate overview (http://ibn.fm/VfE5i). “So we built a new one.”
When Jerrick set out to build its proprietary technology –
together with its development partner, Thinkmill – the focus was first and
foremost on building a platform ecosystem that would generate revenues for all
platform stakeholders through a sustainable and scalable business model.
Jerrick’s business model is predicated on partnership with Vocal creators, and,
as referenced in their corporate overview, “features numerous revenue
touch-points throughout the Vocal ecosystem, ensuring a balanced portfolio of
revenue streams, sustainable infrastructures, and compounding scalability.”
Further, Jerrick’s technology is optimized for scale and
built to support future development, utilizing its first-party behavioral data
to continually improve the experience for creators. “Vocal’s proprietary
technology can seamlessly absorb a nearly endless supply of external assets,
allowing for opportunities to revive distressed media content at a fraction of
its original cost and with limited increase to Jerrick’s operational expenses,”
the company’s corporate overview notes.
Vocal provides digital creators of every kind – from artists
to writers, musicians, entrepreneurs, and more – with powerful storytelling
tools and engaged genre-specific communities. Using Vocal, content creators
benefit from access to a built-in engaged audience as well as monetization
opportunities (from reads and tips). Vocal also touts a safe and curated
environment, which is a tremendous value proposition for creators. This safety
is also attractive to the brands partnering with Vocal for Brands, Jerrick’s
creative studio that partners brands with creators to product authentic brand
content to build affinity, trust, and drive conversions.
“Vocal is a technology platform that is of a caliber
associated with only a few hundred other digital platforms,” Jerrick CEO Jeremy
Frommer stated in a weekly review (http://ibn.fm/G1zOi), adding that Vocal has grown into one
of the top online creator platforms. As of January 2020, approximately 400-500
creators join the platform every day, with approximately 5-10% of those
upgrading to Vocal+ (http://ibn.fm/lG78z)
– the company’s premium subscription membership program – within a week.
Jerrick Media Holdings is focused on the development of
digital communities, targeted marketing of branded digital content and
e-commerce opportunities. To accomplish these objectives, Jerrick envisions,
designs and builds modern technology companies that redefine how people
interact with technology. As the parent company of Vocal, Jerrick has
built and shipped products that have influenced millions of people worldwide.
To view Jerrick’s 2020 Corporate Overview, visit http://ibn.fm/WxJIj
For more information, visit the company’s website at https://Jerrick.media
NOTE TO INVESTORS: The latest news and updates
relating to JMDA are available in the company’s newsroom at http://ibn.fm/JMDA
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