LIVE FROM THE NEWFRONTS… Wednesday Edition

A CYNOPSIS MESSAGE FROM FUTURE TODAY
 

Cynopsis Medias First Morning Read
Wednesday May 4, 2022

LIVE FROM THE NEWFRONTS…
Wednesday Edition

Cathy Applefeld Olson

Snap is jazzed about AR ads, Revolt is partnering with Overtime on a new hip hop-infused sports brand and no, it’s not a great idea to just repurpose your TV ad on YouTube. The lens was on Black-owned media and storytelling at today’s NewFronts, which also included a panel on diversity in the creator community. We’ve got all the headlines, plus key takeaways from last night’s presentation from Meta.

BRAND ACTIVATIONS + INNOVATION

Zucks took a hall pass, and Meta kept it short and sales-y, showcasing a few creators and stats—eg, subscribers clocked 133 billion minutes on creator content in 2021, and more than 45 percent of Instagram accounts like, comment on or share a Reel every week—before COO Sheryl Sandberg came onscreen to get down to business. She cited a Bumble campaign that featured Facebook video ads in Stories that, when combined with in-feed ads delivered a 53 percent lift in brand favorability compared to in-feed ads alone. Mercedes saw a 47 percent higher sales conversion rate using in-stream ads in the US, she said, and the activation of Wendy’s Wendyverse in Facebook’s Horizons world around March Madness delivered big for the restaurant brand. Noting the brand took advantage of the “full video suite across in-stream, reels, AR and creator brand partnerships,” Wendy’s was the first to launch a multidimensional, creator-driven commerce experience in Horizons, noted Carl Laredo, Wendy’s CMO.

Social stars Charli and Dixie D’Amelio and Addison Rae, and Olympic superstar Simone Biles—promoting her upcoming Snap original where she engages in personal challenges off the mat—brought the dazzle, but the most convincing testimonials for Snap’s closed community of “real people, real experiences,” came from brands that have engaged with it. Doesn’t hurt that the platform now counts 330 active daily users, 80 percent of overall users are 18-plus, and it reached 75 percent of 13-30-year-olds in more than 20 countries last year.

The company’s ad business was up 64 percent YoY in 2021, and the big news is AR. A Hollister back-to-school takeover of the original “Lago Vista” that included brand appearances in all 30 episodes and 21 custom ad units created by cast members who each designed their own lens resulted in 3.4 percent lift and 5 percent gain in brand awareness, said Jacee Scoular, Head of Global Brand Marketing Strategy. Nissan and Gatorade are also in on the fun. Snap Promote, a way for brands to message directly in the Discover feed is also getting results. A beta test with the NFL resulted in an average of 7X as many snapchatters subscribing to the NFL’s stories than without. Snap Cameos, which enable brands to work with Cameo talent on bespoke messaging is also delivering for clients including Mattress Firm and Kraft.

A CYNOPSIS MESSAGE FROM FUTURE TODAY

ELEVATING BLACK + MULTICULTURAL MEDIA

Revolt’s digital viewership is booming. It surpassed the Sean Combs-founded company’s TV eyeballs last year and added 100 new advertisers, said CEO Detavio Samuels, who noted 2022 is on track to triple that number with new distribution including Roku and Amazon, and a growing podcast network. The new Revolt Studios in Atlanta is at work on programming from docs to news to lifestyle to music, said Monique Chenault, President of Revolt News, Documentaries & Nonfiction Programming, who said 14 projects are currently in development.

Revolt Black News is digging into issues that matter to audience across the African diaspora. “We know Black people are not monolithic,” she said. In the sports arena, Revolt announced a partnership with fandom brand Overtime to create a “sports franchise with a hip-hop lens.” Branded studio #000000 (its name derived from the hex color code for Black), which “taps into audience insights to understand culture and nuance” and works on content from short-form to series like “Bet On Black,” a “Shark Tank”-like show featuring Black entrepreneurs and an activation with Frito-Lay.

Morgan DeBaun, founder and CEO of Blavity, a digital media company for Black culture, highlighted company media brands including flagship 24/7 Blavity News, Travel Noir, Shadow & Act, 21Ninety and the AfroTech summit, which jumped early on the Web3 bandwagon and use of tech tokens. Blavity also just released its own NFT collection that allows access to channels, information and, coming soon, job opportunities, she said.

The Blavity Originals team is creating custom shows and IP not only for its owned and operated channels but with partners including TBS and Pinterest. New branded videos and streaming shows are debuting on its OTT platform Blavity TV. “Partnerships with corporations and brands are crucial to elevating the next generation of Black creators and entrepreneurs,” she said.

Earnest Petite, Culture and Trends Insights Lead at YouTube, said it’s been more challenging during the past few years identifying trends emerging from diverse communities: “We often work with agencies who have cultural expertise to identify to cultural or content trends associated with different communities, and internally we use first-party YouTube data to do deeper dives and understand the origins and who’s watching, and how these trends are changing and shifting.”

Paula Castro, Multicultural Creative Business Partner at Google, emphasized the value of experimentation to drill down on insights. “A lot of times what works for a general audience might not work for multicultural audiences,” she said. She also cautioned against brands taking their TV assets and plopping them on YouTube. “A lot of times they think a TV asset is going to resonate on YouTube, but you have to think about how consumers are engaging on YouTube. If it’s a mobile device—and multicultural audiences over-index on mobile devices when watching YouTube—the framing is different, and it doesn’t always translate.”

Black Enterprise, which began as a magazine in 1970, now sees more than 13 million unique monthly users on its website, a number that’s grown 1,300 percent since 2019. Rooted in business, the brand has expanded editorial coverage into lifestyle, arts and culture, health and wellness, sports, and travel and leisure. New virtual video series include weekly show “From the Corner Office,” which spotlights issues relevant to Blacks through peer-to-peer conversations, “Beyond the Hype,” and women-focused “Sisters Inc.”

Future Today CEO Vikrant Mathur said working to help brand clients reach diverse audiences has been part of the company’s DNA since its inception.This philosophy guides our content acquisition strategy, our editorial optimization as well as our product roadmap. As a result, our channels over-index on multicultural audience segments, which can all be uniquely reached through our extensive targeting capabilities,” he said. When it comes to another hot topic, brand safety, “Future Today has developed features that provide advertisers with the ability to contextually target content that is brand relevant with the appropriate reach and frequency caps that maximize user experience and brand recall,” he noted.

A CYNOPSIS MESSAGE FROM FUTURE TODAY

SPOTLIGHT ON THE CREATIVE

Branded content can take a variety of shapes. Sephora worked with Digitas and Epic Digital to create the long-form doc “The Beauty of Blackness,” about Eunice Johnson and the launch of Fashion Fair, the first national cosmetics company that focuses entirely on Black women. “Storytelling brings people together. It creates community and we want to make sure we are doing that with our work. We love brand stories because they are the heart and soul of your brand, but we are super passionate about lifting Black creators, Black founders, Black entrepreneurs,” said Candace Payne, Director of Brand Strategy at Sephora. It all starts with the story, she added. “Who you are as a brand, what your brand values are, what are the things you stand for. Is there a story that can bring all that to life, without it feeling like advertising.”

Raven Elyse, an influencer with 1.8 million YouTube subscribers, offered some advice to brands looking to partner with creators: “When you are doing your collaborations, let the creator be the creator, as much freedom as you can give them. I’ve spent a lot of time learning what works best on my channel, what my viewers want to see and how to grab their attention. In order for me to do those things I have to have creative freedom.”

Fifty-seven percent of consumers are looking at creators as influencing purchasing behavior based on their recommendations, according to Johanna Lara, Head of Sales Strategy & Programs at YouTube BrandConnect. For brands working with creators, “You want to make sure it’s organic,” she said.

A CYNOPSIS MESSAGE FROM FUTURE TODAY

SCENE + HEARD

“We need to think about this is an organizational, transformational way, getting to our senior-most folks and making sure anybody who has any power and influence uses it in way to drive change personally.” – Soon Mee Kim, Chief DEI Officer, Omnicom on driving DEI action

“Snapchatters aren’t cord cutters; they’re cord nevers.” – Peter Naylor, Snap VP of Sales, Americas

Stay tuned for another indepth report tomorrow. Have some NewFronts news to share? I’d love to hear from you at [email protected].

Cynopsis Team

Lynn Leahey
Editorial Director
@Lynn_Leahey

Kerry Smith
Division President
Access Intelligence

Robbie Caploe
VP/Group Publisher
@robertacaploe

Executive Director of Sales
Albert Nassour
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