AmericanGreetings.com Signs $100M Pact With AOL
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America Online Inc. Wednesday expanded its relationship with AmericanGreetings.com by signing a $100 million, five-and-a-half-year marketing agreement.
AmericanGreetings.com's products will also be offered on AOL International services, including Canada, United Kingdom, Australia, Japan, Germany and France.
AmericanGreetings.com will guarantee payments totaling at least $100 million to America Online as well as provide AOL with additional promotional considerations, including customized and exclusive content for the co-branded sites.
Under the expanded alliance, the companies will operate co-branded sites for each property, to be launched over the next several months.
AmericanGreetings.com said it will provide AOL members and visitors to AOL's Web brands with a line of free greetings products and a newly enhanced subscription service. AOL will have the exclusive right to sell advertising and sponsorships on the co-branded sites for the first three years. The companies will share advertising and transaction revenue from these co-branded sites.
AOL said it intends to feature AmericanGreetings.com products in e-mail, instant messaging, You've Got Pictures, Love@AOL, People Connection and elsewhere.
AmericanGreetings.com offers thousands of online greetings, entertainment items and popular licensed properties such as Dilbert, Betty Boop and the World Wrestling Federation.. The upcoming subscription service will also allow users to create and print projects directly off the Web.
"We understand the value of reaching AOL's community of 46 million U.S. users and others internationally, and believe that the products and services we've developed will bring online greetings and personal creativity to an exciting new level," said John Klipfell, president and CEO of AmericanGreetings.com.
AmericanGreetings.com is a unit of American Greetings, the world's largest publicly-held creator, manufacturer and distributor of greeting cards.