01/30/17: Reports: Snapchat to file IPO this week

CYNOPSISDIGITAL
01.30.17

Good morning. It’s Monday January 30, 2017 and this is your first early morning digital briefing.

Be sure to check out Watcheroo, Cynopsis Digital’s tune-in guide for upcoming digital media programming. Below, see the Watcheroo Premieres and Tune-in Alerts for today, January 30, through Sunday, February 5.
People Now at People.com, Monday-Friday at 8:30a ET and 11:30a ET. Guests include musician Andy Grammer, TV personality Beth Stern (Hallmark Channel’s Kitten Bowl), and actor Giovanni Ribisi (Amazon StudiosSneaky Pete)
VIMEO: 555, a new five-episode original series executive-produced by Tim Heidecker and Eric Wareheim, debuts Tuesday, January 31.
Seeso: Season two of The Cyanide & Happiness Show debuts Thursday, February 2
Sundance Now: Psychological thriller film Always Shine debuts exclusively on Sundance Now Thursday, February 2
Netflix: Imperial Dreams, a new original drama film, debuts Friday, February 3
Netflix: Santa Clarita Diet: Horror-comedy series Santa Clarita Diet debuts Friday, February 3

 
 
TODAY’S CODEBREAKER

 
Ad Call: When an open slot of ad space is available on the internet, a user’s browser automatically sends requests to ad servers or ad exchanges, which will in turn send an ad or ads to their device. That’s called an ad call (or, alternately, an ad request). Ad calls include info from users’ browser cookies, and information such as publisher ID, referring URL, location, size, and other data needed for the ad to serve to a user.
 
 

TOP NEWS
 

And there it is. As first reported by Recode, Snapchat-parent Snap Inc. is set to file its IPO late next week. The IPO is likely to value the company at somewhere between $20 billion and $25 billion. It generally takes about nine weeks to process an IPO filing; in other words, if all goes to plan, Snap will officially go public in March. Ahead of the IPO, the company is also reportedly set to release the private registration document that it filed with the SEC last year. The document will publicize financial info, as well as Snap’s strategy for operating as a publicly traded company. According to sources who spoke with the Financial Times, Goldman Sachs and Morgan Stanley will lead Snap’s offering.
 
Another day, another Facebook algorithm update. When surfacing video content in users’ News Feeds, Facebook will now put added emphasis on longer-form content. Specifically, the algorithm will now weight “percent completion” more heavily with longer videos than with shorter videos. “If you watch most or all of a video, that tells us that you found the video to be compelling ­ and we know that completing a longer video is a bigger commitment than completing a shorter one,” wrote Facebook execs Abhishek Bapna and Seyoung Park in a blog post. The goal, they wrote, is to “avoid penalizing longer videos.” Also worth noting, though unstated in the blog post: When users spend more time watching video, Facebook gets more ad dollars. In addition, Facebook is likely trying to tweak its algorithm in favor of the exclusively licensed shows it’s got in the pipeline.
 
Cynopsis Digital strives to be apolitical, but when enough tech leaders comment on something, it merits a mention. A slew of execs from tech giants including Google, Facebook, Apple, Twitter, and Netflix have vocally condemned President Donald Trump’s move to restrict immigration from a number of Muslim-majority countries. (Some recent judicial orders have somewhat loosened those restrictions, but no one knows for how long.) Execs like Netflix CEO Reed Hastings, Google CEO Sundar Pichai, and a number of others have noted that some of their own employees are being affected by the president’s executive order.  “It’s painful to see the personal cost of this executive order on our colleagues,” said Pichai in a staff memo. Variety’s got a decent rundown of the tech industry’s reactions. You can check that out here.
 


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ADVERTISING
 

In its US Digital Market Forecast for 2016-2021, Forrester projects that digital advertisers will increasingly focus on quality, and less on quantity, over the next several years. “The days of buying volume are going to reach a point of obsolescence,” said Forrester Principal Analyst Shar VanBoskirk. VanBoskirk also projects that marketers will begin to pull money out of media, putting it toward customer experience – for instance, better store layouts and mobile apps that help customers – instead.
 

 
PLATFORMS, APPS + DEVICES
 

Something advertisers and investors might take somewhat into account as Snapchat gears up for its IPO: A lot of its accounts are dormant. According to research firm L2, Only 67% of the 427 industry brands on Snapchat are actively creating content.

 

 

EXECUTIVE MOVES
 

Lotame, a cross-device data management platform, has named a new exec. Jeff Valente will serve as VP of Sales for North and Latin America. He’ll be tasked with partnership development and driving new business. Valente has worked in ad tech since 2000, most recently as Chief Revenue Officer of ChoiceStream.

 
 
TRIVIA
 

According to Alexa, the world’s three most widely-visited websites are Google, YouTube and Facebook. What comes fourth? (Hint: It’s the first company on the list not based in the U.S.)

Our Last Trivia Question: What’s the first .com domain ever to be registered online? Answer: Symbolics.com. It was registered by the now-defunct Symbolics Computer Corporation on March 15, 1985. Kudos to Susan Nessanbaum-Goldberg-Whose Line Is It Anyway?/Angst Productions/CA, Tom Moore-Kalt Productions/CA, David Westberg SAG-AFTRA Federal Credit Union/CA, and Lorrie Shilling/CA
 


A CYNOPSIS MESSAGE


Celebrate the TV Award Winners on 2/7!

While enjoying dinner at the Edison Ballroom in NYC, celebrate the achievements of our industry over the past year during the presentation of the very first Cynopsis TV Awards, which salutes excellence in national television programming. Also, two special awards will be presented to honorees Linda Boff, CMO for GE and Bill Koenigsberg, President, CEO & Founder for Horizon Media, for their extraordinary contributions to the industry.

View finalists and register: www.cynopsistvawards.com.


 
DIGITAL SPOTLIGHT

 

It’s been almost five years, but tennis deity Roger Federer is back in the grand slam winner’s circle. Check out a quick overview of his stunning Australian Open finals victory – here.

See you tomorrow,
David Teich
01.30.17

Roberta Caploe: Publisher @robertacaploe
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