As mobile readership continues to skyrocket, multimedia journalism is becoming increasingly important. High-quality video content can catch a reader’s attention and drive them to publishers’ sites. But many newspaper companies are hesitant – or unable – to invest in this important part of their business because of the high costs associated with capturing original video.
Luckily, Stringr, a 2016 Accelerator Pitch Program winner, has a solution. Founded in 2014, Stringr allows major media organizations including publishers, broadcast organizations and entertainment businesses to source video content from its platform at a fraction of the cost of hiring a freelancer.
In addition to being able to search through archived videos, Stringr customers can also request custom video content. A publisher can log-in to the platform, drop a pin on a map, enter a deadline and request a certain type of footage. Stringr then leverages its more than 18,000 videographers nationwide to respond to the request and upload the footage to the platform.
Lindsay Stewart, founder of Stringr, believes this ease of delivery is key.
“Before, news organizations were hiring freelancers who could only go to one event and the price point was really high. Now, through a couple of clicks on your computer, you’re able to source custom content at a scalable price.”
A former TV producer at FOX News, Stewart started Stringr after noticing a void in the video production marketplace. She decided to go back to business school, where she had the opportunity to put this pain point in front of a number of other people – from business operations leaders to engineers to everyone in between – and come up with a way to solve the problem of sourcing custom video content.
Stewart realized that “stringers” – correspondents not on the regular staff of a news organization – would go out and shoot material out of their own volition and then try to sell it to newsrooms. But often times, this material was of little use to publishers and producers.
“Newsrooms were only getting the footage that was pushed upon them, and oftentimes there wasn’t a technological solution that was fast enough to deliver the content in a meaningful way – especially when working against tight deadlines. So I thought it would be great to have a marketplace of rights-cleared video content that we could peruse, and then all I would have to do, as a producer, would be to hit download and that would trigger a sale for the person who shot the footage.”
But after discussing the idea with her co-founder, Brian McNeill, Stewart realized she could take her solution even further.
“Brian suggested that we come up with a way to actually allow our customers to request the footage that they want. We could build a network of reliable videographers who we could reach out to very quickly for content all over the country. And so, with that idea in mind, we created Stringr.”
But just because it is easy to access does not mean that the quality of the footage suffers. Stringr’s thousands of videographers consistently provide top-notch, valuable content. Although anyone can sign up to be a Stringr, Stewart and her colleagues have taken key learnings from interactions with customers to better understand the types of people who provide the best footage. The company now recruits Stringrs within that subset of the population – and it still has about 250 people join the platform each week.
When Stewart founded the company, she initially thought it would benefit television newsrooms, but as the business has grown, she sees the real impact the solution could have on the newspaper industry. Newspapers have always been known for their outstanding journalism and for their deep connection to their communities. But they often do not have the resources – both personnel and monetary – to build out video teams. Video can be a significant revenue generator, and with Stringr, newsrooms can reap those benefits without the heavy financial burden.
Lindsey is the Communications Manager for the News Media Alliance. Prior to joining the Alliance, she led communications for a food and nutrition nonprofit in Washington, D.C. for over eight years.