Market Overview

Snapchat Brings On 2 Iconic Brands For AR Camera Feature

Share:
Snapchat Brings On 2 Iconic Brands For AR Camera Feature

Snap Inc (NYSE: SNAP) has signed Coca-Cola Co (NYSE: KO) and McDonald's Corp (NYSE: MCD) to join Snapchat's Scan camera search technology, Adweek reported on Thursday.

Snapchat users in the U.S. can scan a McDonald's logo featured on food or drink items to unlock three immersive McDonald's AR lenses, according to Adweek. Similarly, scanning a Coca-Cola logo on a can will unlock three Coke AR lenses.

Snap's product marketing manager on its AR team Carolina Arguelles told Adweek the Scan partnership with Coca-Cola and McDonald's compliments its existing marketing strategy and will further bring together the combination of digital content into the physical world.

Scan was first announced back in April.

Why Scan Is Important For Snapchat

Snap's partnership also gives its users a new and creative way of interacting with brands. In fact, Arguelles said the partnership is unique in the sense that it markets products after a purchase is already made. As such, purchasing a product is merely the beginning of a relationship with a customer.

"Turning physical products that are a part of Snapchatters' everyday lives into conversation starters through immersive AR is an incredible way to connect with our audience and an important milestone for this technology," Arguelles told Adweek.

The new Snapchat feature is only available to users in the U.S. for now.

Snap's stock traded around $15.40 per share at time of publication.

Related Links:

Snap Analyst Projects 37% Revenue Growth In 2020

Snap CEO Evan Spiegel Talks TikTok, Politics And Earnings

 

Related Articles (SNAP)

View Comments and Join the Discussion!

Posted-In: AdWeek AR food SnapChat social mediaNews Tech Media Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com