NEW YORK – October 17, 2017 – NBCUniversal and Snap Inc. today announced that they have joined forces to create a new digital content studio. Based in Santa Monica, California, this joint venture will make made-for-mobile programming to primarily debut on Snapchat. The initial focus will be to develop and produce Shows, including scripted and other genres, for the platform. NBCUniversal and Snap Inc. have equal equity stakes in the new venture.