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In this video tutorial, Nan Mehta from Digit.com introduces co-branding and its benefits for brands. Co-branding involves two or more established brands collaborating to create a joint product or advertise together, leveraging existing brand associations in consumers' minds. From the customer perspective, it offers the advantages of multiple brands at a single price. It is also known as brand building, dual branding, brand alliances, or brand partnership. A prime example of co-branding is the collaboration between Nike and Apple, which combines Nike's strong athletic association with Apple's reputation for high-quality electronics through the Apple Watch Nike+ agreement. The video continues with a case study on co-branding strategies.