This document discusses branded content in digital media. It defines branded content as content that entertains or informs the audience in a creative way about a brand in order to create an emotional connection. This differs from traditional advertising. The document explores how branded content has evolved from classic formats focused on storytelling and entertainment to digital formats that emphasize engagement, virality, transmedia storytelling, user-generated content, social media, big data and reactive marketing. It distinguishes branded content from other advertising formats and discusses strategies for creating successful branded content campaigns.