How publishers are using TikTok, the latest hot app
TikTok, the short-form video app from Bytedance, has charmed video creators, ad agencies and tech employees in the U.S. since it rebranded from Musical.ly last August. Publishers aren’t far behind, with most using it as a way to extend where their content lives.
TikTok, like Snapchat in its early days, is a new way for publishers to reach young consumers. 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.
As of February, NBC News’ “Stay Tuned” has posted 26 videos on TikTok. The 15-second videos feature one of the show’s three hosts — Savannah Sellers, Gadi Schwartz and Lawrence Jackson — commentating on news like the season premiere of “Game of Thrones” or participating in challenges like pineapple pulling.
Last month, ESPN joined TikTok with a video set to TikTok-sensation-turned-billboard-hit “Old Town Road” featuring ESPN sports analyst Stephen A. Smith in a suit and then a cowboy hat. ESPN’s next video is a montage of basketball players getting hit by imaginary Pokeballs. The network’s fifth and most recent video is a back-and-forth staring contest between Bran of “Game of Thrones” and basketball player Draymond Green.
Meanwhile, Group Nine’s The Dodo has animal videos on TikTok that are more than a year old. The publisher was active on Musical.ly, and it continued sharing videos on the app after the transition in August. But it has stopped contributing as of January.
NBC News declined to comment on its strategy, citing its early days of TikTok.
An ESPN spokesperson said the publisher is still in the early stages of its TikTok strategy but it’s willing to experiment with new formats where its consumers are. For now, ESPN’s goal is to create “fun” content on TikTok. GroupNine said it plans to “ramp back up” on TikTok this year, but declined to offer specifics.
Publishers have been known to jump onto hot new platforms. But the question, as always, is how many resources they can afford to put toward an experimental platform, especially one like TikTok that doesn’t yet have a clear monetization path. Publishers’ early strategies don’t require too much time and effort. For example, “Stay Tuned” is simply having one producer record one host per 15-second video on TikTok.
Advertising is limited on TikTok at the moment. A biddable option for media buyers will be available in beta next week and to all this summer, per a buyer, and could open the door to more monetization options for publishers in the future.
Last month, iHeartRadio decided to get back onto the app after abandoning Musical.ly a couple of years back. The company’s first video on its TikTok page is from 2016. It posted 31 videos to Musical.ly, stopping around August 2017. In March, iHeartRadio began actively posting on the app again to promote the iHeart Music Awards.
“We partnered with TikTok to present seven awards in the seven days leading up to our iHeartRadio Music Awards telecast on Thursday, March 14. Beginning Thursday, March 7, winning artists were presented their awards and gave acceptance speeches that aired exclusively on the TikTok app each morning,” an iHeartRadio spokesperson emailed.
Following the awards, iHeartRadio has continued to use TikTok. Last week, iHeartRadio shared a video featuring rapper Lizzo and another one with Korean boy band BTS, which received about 60,700 hearts.
While media companies have gravitated to new platforms quickly in the past, some have stayed away from TikTok. Publishers like CNN and BuzzFeed which are active on other social platforms like Facebook, Twitter and Snapchat don’t have verified accounts on TikTok. A BuzzFeed spokesperson said the company is still looking into TikTok as a potential platform for entertainment content.
This story has been updated with ESPN’s comment.
With ad rates falling, Snopes can’t keep up with coronavirus misinformation
Snopes had a 50% increase in traffic over the past 30 days, but dwindling ad revenue and a lack of resources is preventing the company from staffing up to combat coronavirus misinformation.
‘We’re looking at this as an opportunity’: Bloomberg Media CEO Justin Smith’s optimistic scenario for media’s recovery
"I just heard this morning from a colleague that was saying that the first couple of weeks are definitely the most difficult": Bloomberg Media CEO Justin Smith.
‘Embracing the imperfections’: The test kitchen is now a WFH kitchen
Tastemade, Meredith and the NYT Cooking grapple with what remote working will mean for their production schedules.
SponsoredSurvey: The threats of deceptive ads in 2020
Publishers and advertisers: How are you planning to block, eliminate and avoid deceptive ads in 2020? How will deceptive ads impact the 2020 election? Are you seeing deceptive ads that exploit the coronavirus crisis? Take this short survey and we’ll provide the results.
Member ExclusiveMedia enters the realm of unknown unknowns
In conversations with several media executives in the past 10 days, we are now firmly in the grip of the known unknowns and unknown unknowns.
Member ExclusiveAs the concept of a summer job changes, businesses seek to woo Gen Z
There's more ways than ever for teens to make money. Some teenagers are foregoing the typical 20 hours per week part-time job in favor of starting their own side hustles, like promoting sponsored content on their Instagram pages or selling secondhand clothes.