It’s Wednesday. Netflix is hosting its first upfronts event next month. If you think the kids from Stranger Things are talented, wait until you see the awkward sketch they’re about to do alongside ad executives.
In today’s edition:
—Katie Hicks, Ryan Barwick
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The Good Place/NBC via Giphy
When arriving at a party, there’s fashionably late and then there’s embarrassingly late. That concept also applies to TikTok.
“It’s pretty obvious when a brand jumps into something three weeks late, and it’s the sound that nobody’s using anymore,” Becca Stephenson, a TikTok creator and associate strategy director at ad agency Barbarian, told us. “Understanding how quickly culture moves on social media and being able to stay on top of it is hugely critical these days.”
In an effort to keep up with the latest audio trends and editing styles in a timely (and relevant) manner, agencies like Barbarian and Dentsu are going straight to the source, bringing TikTok creators in-house to work on brand accounts. As creators join the agency world, their roles and exact duties may vary, but the number of opportunities only seems to be growing.
Read the full story here.—KH
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TOGETHER WITH WORDPRESS VIP
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What do audiences want? Content, content, and more content! When do they want it? Uhhh, like, right now.
Clearly, the future of branded content is bright…but content creators want to know what type of content performs best and how to leverage it. To answer your most urgent Q’s, WordPress VIP surveyed over 1,500 global marketers for their Content Matters 2023 report.
The majority of marketers are shifting their focus to more personalized content and using data-driven analytics to pinpoint their top performers. (Hint, hint: Don’t underestimate data studies, folks.)
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Bloomberg
Spring cleaning came early for Bloomberg Media. Last fall, the publisher said it would cut ties with the programmatic open marketplace as well as the chumbox provider content recommendation company Taboola.
The pivot toward an “audience-first mentality,” as Bloomberg CEO Scott Havens called it when announcing the decision, has been underway since then.
“Going forward, if brands want to reach our audience, they’ll need to work directly with our world-class media team,” Havens wrote. As it turns out, ad tech often isn’t great for site performance, Julia Beizer, Bloomberg Media’s chief digital officer, told Marketing Brew, especially for a premium publisher.
“Site performance was something users really react to…There’s just no doubt that having a bunch of third-party libraries on your site is going to slow down performance,” Beizer said. The publisher stopped open-market programmatic advertising on January 1, and Taboola got the ax from Bloomberg’s site on March 30, Beizer said.
Continue reading here.—RB
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Constanza Hevia/Getty Images
Twitter’s ad business doesn’t seem to be recovering from Elon Musk’s acquisition last fall.
$$$: The platform’s ad revenue is expected to decline 27.9% in 2023, a drop from $4.14 billion to $2.98 billion, according to estimates from Insider Intelligence. Ad sales had previously made up 92% of Twitter’s revenue, according to its Q2 2022 earnings report.
“The biggest problem with Twitter’s ad business is that advertisers don’t trust Musk,” Jasmine Enberg, principal analyst at Insider Intelligence, wrote in the report. “Twitter needs to unravel Musk’s personal brand from the company’s corporate image to regain advertiser trust and bring back ad dollars.”
Despite its early efforts to woo the industry, like a Twitter Space with IAB CEO David Cohen, or partnerships with brand-safety vendors DoubleVerify and Integral Ad Science, many blue-chip advertisers have continued to raise doubts about Twitter. Several said they paused advertising on the platform when Musk initially took over. However, both Nike and McDonald’s have run ads on the platform recently, with Mondelēz expected to soon return, according to Ad Age.
Coming up: Musk is set to attend a conference next week hosted by the digital marketing industry trade group MMA Global, where he’ll be interviewed by NBCU’s chairman of global advertising and partnerships, Linda Yaccarino. Already, MMA members, including McDonald’s and Colgate-Palmolive, have privately raised concerns about Musk’s appearance, per Semafor.—RB
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Ready for your close-up? Spend those precious marketing dollars where audiences are actually looking: video content. From webinars to product videos to virtual events, Vimeo’s video capabilities can drive business impact without stretching your spend. Grab a copy of their Video Marketing Handbook for some pro pointers on getting started.
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There are a lot of bad marketing tips out there. These aren’t those.
Explainer: TikTok’s latest trend? WaterTok. Read about why it’s taking off here.
Trendz: Meta unveiled a video series called “Performance Talks” featuring marketers discussing trends and priorities.
What’s next: Digiday explains why a competitive ad-tech ecosystem is causing supply-side platforms to innovate.
Jugglin’, strugglin’: We see you, managing multiple client projects and tracking tons of different requests. Team up with Coordinate’s client-portal project management system instead for seamless organization, time saved, and deadlines nailed. Try it.*
Email (r)evolution: There’s sooo much more you could be doing with your marketing emails, especially when you employ Mailchimp’s capabilities for Segmentation, Automations, Reporting and Analytics, and more. See ’em all in action.*
*This is sponsored advertising content.
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Digital ad revenue rose nearly 11% last year, per a report from the IAB and PWC.
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Wendy’s “National Roast Day” is happening on TikTok, not Twitter, this year.
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The CW has hired former Roku exec Ashley Hovey to serve as its first chief digital officer.
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Instagram is “extending access to parts of its creator marketplace via API” to agencies and platforms.
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Quote: “There’s realism there, but no soul.”—Scott Brick, an audiobook narrator, speaking to the Wall Street Journal about AI-narrated audiobooks, which sometimes feature the voices of people who’ve died
Stat: $258,000. That’s about how much former President Donald Trump spent on ads between March 19 and April 7, according to Axios, ahead of his 2024 run and in the midst of his indictment.
Read: “Is There Life After Influencing?” (The New York Times)
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Catch up on a few Marketing Brew stories you might have missed.
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Written by
Katie Hicks and Ryan Barwick
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