This morning we sent out a statement announcing one of our biggest milestones ever, 1 million transactions! So far TechCrunch has picked up the story as well, check out the press release below!
JIBJAB MILESTONE: ONE YEAR, ONE MILLION TRANSACTIONS
Company Establishes Leadership Position in Personalized Entertainment
VENICE, CA – June 28, 2010 – JibJab, a leading innovator in online entertainment, today announced that it has processed over one million direct-to-consumer transactions in the twelve months ending June 30, 2010.
The company shifted from an advertising supported business model to a direct to consumer model in Q4 2007 and today sells (i) annual subscriptions, which give users unlimited access to JibJab’s 1,500+ ‘eCards’ and everyday fun ‘Starring You’ products online, (ii) digital downloads, for the iPhone and more, and (iii) personalized photo merchandise.
“Just over three years ago we saw an opportunity to create a meaningful business in digital social expressions,” said JibJab co-founder and CEO Guy, Gregg Spiridellis. “Breaking the one million transactions mark is a major milestone on that journey. My brother and I are incredibly proud of the team that helped pull it off.”
Driving the company’s growth has been its Starring You® product line, which enables users to insert their faces into fun personalized videos and pictures online. Since its launch, people have uploaded over 150 million heads to the Starring You platform and viewed personalized videos and images over 400 million times.
“In the 10+ years JibJab has been in existence, we’ve been told innumerable times that it’s impossible to build a high-quality programming business online,” said Evan Spiridellis, co-founder and Head Art Guy. “There is nothing we’re more proud of the than the fact that people think highly enough of our work to pay for it.”
JibJab has been in the news recently for its partnership with Lucas Films to promote the 30th Anniversary of Empire Strikes Back. The company’s other high profile personalized entertainment partnerships include OfficeMax (ElfYourself) and Disney (High School Musical 3).
JibJab is backed by Polaris Venture Partners, Overbrook Entertainment and Sony Pictures Entertainment.