Branded content ads are now called partnership ads.
Partnership ads allow advertisers to run ads with creators, brands, and other businesses. The advertiser and partner accounts are featured in the ad’s header and the ads leverage signals from both accounts for improved ranking and incremental performance.
Creators or partners must have a professional account on Instagram to use partnership ads and must meet our eligibility requirements for Instagram partnership ads and branded content and Facebook partnership ads.
Through the partnership ads account level permissions APIs, advertisers can manage partnership ad relationships with their partners at the account level and run partnership ads without additional permissions at the content level.
Note: If two Instagram or Facebook accounts are owned by the same business and an employee has ads access to both assets, they will be able to run partnership ads without partnership ad permissions.
If an account level permission does not exist between the advertiser and the partner (See Post-Level Permissioning for more information):
You will need:
ADVERTISE
task on the Page linked to the Instagram Professional accountads_management
business_management
instagram_basic
instagram_branded_content_ads_brand
pages_read_engagement
pages_show_list
create_ads
permissions on the IG account that is creating the adThe creator of the branded content must have enabled the media for ads creation
OR
The brand has approved the account level permission with the creator