Here's a deal that never could've happened in the absence of the developer platform craze: SocialMedia, a media network that focuses on the fledgling niche of "engagement ads," is set to announce a partnership with BuddyMedia, which creates branded applications for clients.
More specifically, SocialMedia clients will have access to, which it calls "BuddyBrain" and formally launched last week. BuddyMedia licenses BuddyBrain as part of a program that it calls "App-vertising Resellers," and the two companies have already teamed up on ad campaigns for clients like FedEx, Anheuser-Busch, and sneaker company New Balance. Terms of this deal were not disclosed.
Right now, social advertising is the talk of the town in New York because of the Web 2.0 Expo this week and the Interactive Advertising Bureau-sponsored Advertising Week next week. There's still plenty of unproven idealism surrounding the niche, and deal-making like this doesn't assuage occasional. But analytics will likely be a boost for SocialMedia's clients--if they get statistical hints that their Facebook applications are having a legitimate impact, their confidence in the new medium could get a little less shaky.