IPG Mediabrands Launches “TRAVERSE32,” New Independent Development and Entertainment Company

Rhea-AI Summary

IPG Mediabrands has launched TRAVERSE32, a new development and entertainment company designed to link audiences with influential brands and creators. Co-founded by Brendan Gaul, who will also be the Global President, TRAVERSE32 aims to transform branded media by enabling companies to collaborate on original film and television content. The initiative follows the success of projects like DEAR SANTA, showcasing a shift towards high-quality content in response to changing consumer preferences.

Positive

• Launch of TRAVERSE32 enables brands to produce original film and TV content.
• Brendan Gaul's leadership brings experience from successful projects like DEAR SANTA.
• Opportunity for brands to engage consumers through innovative storytelling.

Negative

• None.

IPG Mediabrands today announced the launch of TRAVERSE32, an independent development and entertainment company aimed at connecting film and television audiences with the world’s most highly influential brands and creators. TRAVERSE32 Co-Founder Brendan Gaul, Mediabrands’ recently appointed first-ever Global Chief Content Officer, will simultaneously serve as its Global President.

Henenberg and Gaul at the 2019 NYC premiere of 5B   Courtesy of Getty. Photo Credit: Cindy Ord / Stringer

The groundbreaking new global entity will focus on the development, production and distribution of entertainment vehicles, enabling brands to utilize the art and power of storytelling in unprecedented ways. Flipping the script on traditionally “branded” media, TRAVERSE32 will make it possible for companies to create, develop, and co-produce relevant mainstream film and television content akin to Mediabrands’ UM Studios’ critically-acclaimed new project, DEAR SANTA, distributed by IFC, which was just released in select theaters nationwide and available on Video on Demand.

“As audience loyalty moves away from traditional media networks in favor of individual high-quality content, we’re launching TRAVERSE32 to help creators and brands collaborate directly,” said Gaul. “Our goal is to open the door for brands to participate in the monetization of what they create, while also giving them meaningful opportunities to interact with consumer audiences as they never have before. Through TRAVERSE32, we look forward to successfully reinventing the entertainment model by bridging the gap between media and storytelling in new and innovative ways.”

Gaul will be responsible for creative development, acquisitions, and distribution of original narrative and unscripted projects for the company. He will be joined by longtime producing partner Brett Henenberg who also serves as Co-Founder and Global Head of Production for TRAVERSE32. Upcoming projects from TRAVERSE32 include a narrative feature film, multiple documentaries and scripted/non-scripted TV formats.

The launch of TRAVERSE32, which comes on the heels of the recent unveiling of Mediabrands Content Studio (MBCS), is the next logical step for Gaul following a series of successful production and acquisition deals under his previous leadership as Chief Content Officer at UM Studios. In addition to DEAR SANTA, other notable projects include the acclaimed documentary, 5B, the first brand-funded film to ever be accepted at the Cannes International Film Festival and distributed by RYOT/Verizon, and the documentary OSO: History of an Icon, which premiered at the San Sebastian Film Festival and is now available on Amazon Prime Video.

DEAR SANTA, a heartwarming documentary directed by Dana Nachman (PICK OF THE LITTER, BATKID BEGINS) and produced by Chelsea Matter, Gaul, Christopher Karpenko and Nachman, which has a 90% Fresh Rating on Rotten Tomatoes, shines a light on the 100-year-old ‘Operation Santa’ Program of the United States Postal Service. Each year, hundreds of thousands of letters to Santa arrive at Post Offices around the country. Through Operation Santa, the United States Postal Service makes it possible for the public to safely adopt these letters and make children’s dreams come true. The film invites audiences along for the magic of this massive endeavor. Traveling the country, much like Santa does on Christmas Eve, the film focuses on select ‘Operation Santa’ Centers: some in metropolitan areas like the massive operation in New York City and others in small towns where the Post Office is the heart of the community.

“There has never been more hunger for great content in the world. The launch of TRAVERSE32 comes at the perfect time when brands, creators and film distributors are looking to forge whole new working relationships to meet this demand,” said Daryl Lee, Global CEO, Mediabrands. “Brendan and Brett have been pioneers in the original content development space and have the expertise to create the most compelling and commercially successful stories for brands.”

“Dear Santa, a documentary created to share the giving spirit created through the USPS Operation Santa program, has resulted in a brand connection that traditional advertising and media struggles to deliver,” said Christopher Karpenko, Executive Director of Brand Marketing for the United States Postal Service. “Brendan and Brett are experts in this space and through their leadership we created a film that has been critically well-received, emotionally connects with audiences, and reinforces the USPS goal mission of binding the nation.”

“Brendan and Brett have been able to develop projects that actually work for distributors, which is not so easy,” said Josh Braun, who represented DEAR SANTA for Submarine Entertainment. “The fact that a project received some brand funding doesn’t matter when the end result is high quality entertainment that doesn’t smell like a commercial.”

To learn more about TRAVERSE32 please visit https://traverse32.com/.

ABOUT MEDIABRANDS:

Mediabrands is the media and marketing solutions division of Interpublic Group (NYSE: IPG). Mediabrands manages approximately $40 billion in marketing investment globally on behalf of its clients across its full-service agency networks UM and Initiative and through its award-winning specialty business units Reprise, MAGNA, Orion Holdings, Rapport, Healix and the IPG Media Lab. Mediabrands clients include many of the world’s most recognizable and iconic brands from a broad portfolio of industry sectors including automotive, personal finance, consumer product goods (CPG), pharma, health and wellness, entertainment, financial services, energy, toys and gaming, direct to consumer and e-commerce, retail, hospitality, food and beverage, fashion and beauty. The company employs more than 13,000 diverse marketing communication professionals in more than 130 countries. For more information, please visit our website: www.ipgmediabrands.com and be sure to follow us on Twitter or Instagram.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201217005897/en/

FAQ

What is TRAVERSE32 launched by IPG Mediabrands?

TRAVERSE32 is an independent development and entertainment company aimed at connecting brands and audiences through original film and television content.

Who is the Global President of TRAVERSE32?

Brendan Gaul serves as the Global President of TRAVERSE32.

What is the goal of TRAVERSE32?

The goal of TRAVERSE32 is to reinvent the entertainment model by enabling brands to create and co-produce relevant media content.

What notable project is associated with TRAVERSE32?

The recently released film DEAR SANTA, known for its high quality and audience engagement, is associated with TRAVERSE32.

What industry trend does TRAVERSE32 address?

TRAVERSE32 addresses the trend of audiences moving toward high-quality, individual content rather than traditional media.