Video editors of the world, unite! Wibbitz is a new news application that turns text based articles into short videos using RSS feeds and smart algorithms, complete with natural voice narration and infographics. In five seconds. It’s either the next big thing or the next sign that we’re one step closer to ‘The Fifth Element.”
They’re backed by Horizon Ventures (Spotify, Siri, Summly, among others), so it’s probably both.
The idea behind the technology falls directly in line with the habits of “news snacking” on mobile devices. But don’t publishers have a problem with taking their content and aggregating it? Not really, Wibbitz co-founder Zohar Dayan told me over the phone this week:
Not once they understand our long term vision. Our consumer facing vision is to be a platform that allows third party content providers to produce their own videos out of their own content. It’s mobile friendly and generates higher CPMs, especially with mobile devices.
We all know that producing videos is expensive, and as Dayan notes, “there’s only a certain amount of videos you can produce on a daily basis.” He hypothesizes that on a medium sized website, about 15% of articles have videos, some produced in house, some grabbed from the internet. “We enable them to leverage their own existing content and turn that 15% into 80% percent. Once they understand that, they’re interested in using it on their own platform, and that’s we’re going to enable them to do in the coming months.” Read more