Best of the week: Facebook eyes YouTube with launch of Watch shows

This week, our top stories examined the rollout of Facebook-funded shows on Watch, publishers’ pivots to video and more. As always, a full list of these articles appears at the bottom.

Funded Facebook Watch shows debut
Facebook’s latest attempt to take on YouTube has begun, with publishers like Business Insider, Hearst and Refinery29 premiering Facebook-funded shows on the Watch platform this week.

The shows are part of Facebook’s shows initiative, through which it subsidizes the cost of longer-form, episodic video series for Watch. Facebook has more than 30 content partners for Watch and is paying $10,000-$40,000 per episode for these shows, buying at least five episodes upfront. The idea is to release episodes weekly to prompt users to more frequently return to Watch. Facebook expects to eventually offer “hundreds” of shows, a spokesperson said.

Whether Facebook can create a viewing experience similar to YouTube is an open question. But publishers seem optimistic. “As this medium develops, we’re excited to invest more and more into [our team creating Watch shows],” said Nicholas Carlson, editor-in-chief of Business Insider’s lifestyle brand Insider, which has debuted two Watch shows.

And publishers, including Business Insider, are already approaching advertisers about sponsored shows on Watch. The interest appears to be mutual.

“We’ve already talked to Facebook, clients and some [Watch] partners about the possibilities [in branded shows],” said Noah Mallin, head of social at MEC North America. “It’s just a question of integrating it in a way where the content is discoverable.”

What’s behind the recent publisher pivots to video?
Shifting ad dollars are one factor. Video ad spend in the U.S. topped $10 billion in 2016 and is expected to exceed $18 billion by 2020, according to eMarketer. This spring, the Interactive Advertising Bureau and Advertiser Perceptions surveyed more than 350 advertisers who said they will spend 56 percent of their ad dollars on video in 2017.

Source: IAB

Another culprit driving the pivots: Facebook. “Facebook has prioritized video and recently started rolling out Watch,” said Brendan Gahan, founder of ad agency Epic Signal. “While Facebook has been a great traffic source, publishers have grown reliant upon the platform and therefore are at the mercy of its whims, goals and desires, leaving them exposed.”

Stat of the week
Since USA Today started testing a personalized site design on its mobile website in April, users served the new design spent about 45 seconds on each article they read, while users with a traditional design spent about 25 seconds on each article.

Quote of the week
A female ad tech executive shares her experiences from over a decade in the industry:

“I was once on my way to an industry awards show and was told by my boss how well I was going to be representing the company in the dress I was wearing. In his mind, he was paying me a compliment. At another work event, I was trying to talk to an external exec about work-related issues, and every time I spoke, he just pointed out the fact I can still move my eyebrows because he meets so many women with Botox.”

Interesting takes elsewhere:

This week’s top Digiday stories:

https://digiday.com/?p=252481

More in Media

How The New York Times is using visuals to boost podcast discovery and grow listenership

To grow podcast listenership and help people discover new shows, The New York Times is experimenting with visuals on platforms like YouTube and its own audio app this year.

Media Briefing: Publishers search for new ways to grow (and authenticate) audiences, overheard at the Digiday Publishing Summit

“[Advertisers] already pay data providers for data. So why not pay the publisher?”

Research Briefing: Publishers’ revenue sources are top of mind at Digiday Publishing Summit

In this week’s Digiday+ Research Briefing, we examine which revenue streams were top of mind for publishers at the Digiday Publishing Summit, how TikTok is getting even more marketing spend from brands and retailers despite facing a potential U.S. ban, and how Disney is rolling out DRAX Direct, a direct integration with the industry’s largest DSPs, as seen in recent data from Digiday+ Research.