Publisher and broadcasters are always looking for ways to reach young audiences, the latest way to do that is the short-form video app, TikTok. In my international media newsletter today, the top story is from a look at how publishers are trialling “fun” programming on the platform. Digiday looks at the audience TikTok boasts:
According to TikTok’s pitch deck to U.S. agencies, about 60% of its monthly active users in the U.S. are between 16 and 24 years old. Also like Snapchat, users are heavily engaged with the app, spending 46 minutes per day on TikTok, on average. While TikTok doesn’t have a way for publishers to directly monetize on the app, such as through sharing ad revenue, some publishers are still choosing to experiment.How publishers are using TikTok, the latest hot app, by Kerry Flynn, Digiday
Kerry questions about how much resources early adopters including NBC and ESPN can afford to throw at a platform that doesn’t have a clear way to directly monetise attention. That question alone shows the shift from the strategy a few years back of building an audience and worrying about monetisation later to thinking about the revenue strategy
Other topics in the newsletter today are:
Publishers need to prepare for mobile app resurgence. Filloux says
large playersare preparing to dominate the subscription battlefield. Podcasters need to experiment with new revenue models. Brit & Co is the latest millennial digital brand in trouble.
If you spot a good story about the business of media, especially digital, feel free to send it to me @kevglobal on Twitter. If you don’t get my international media newsletter in your inbox, you can get a taste of it and subscribe here.