Hi! Welcome to the Advertising and Media Insider newsletter. I'm Lauren Johnson, a senior advertising reporter filling in for Lucia this week. If you're new to this email, sign up for your own here. Send me tips or feedback at email@example.com.This past week, Lucia looked at Time magazine's plan to expand into verticals like health and business and grow revenue from audio, video and events. Here are the main takeaways:
- With billionaire owners Marc and Lynne Benioff, the company is no longer under corporate earnings pressure or facing internal competition that other media companies often deal with.
- Time is a $200 million company today and wants to grow into a billion-dollar media company.
- The company is going deeper into live events and exhibits as a way to drum up revenue from ticket sales and sponsorships.
- Between 2016 and 2019, Casper spent nearly half a billion dollars on marketing.
- The brand's nontraditional approach to marketing - including quirky subway ads in New York and pop-ups - increased Casper's brand sentiment to 80%, according to data from Salesforce Social Studio.
- Casper hires influencers for ad campaigns, but cited them as a potential risk in its filing.
Tanya also reported on Microsoft's attempts to win over retailers and take on Amazon with new tools.Unlike Amazon's pitch that centers around marketers selling items on Amazon, Microsoft is betting that it can help retailers make money from their own websites.One tool called PromoteIQ allows advertisers to put ads in their storefronts while another tool lets retailers add a search bar to e-commerce websites that can be filled with product recommendations.
"Our $8 billion search-advertising business - though small within the overall Microsoft context - is a pretty meaningful focus for us," Rik van der Kooi, the corporate VP of Microsoft advertising, said. "As retail undergoes significant digital transformation, our intention is to leverage our technology to help our customers and partners, specifically in retail."
As I reported, Cowen affirms Amazon's becoming a third big player for advertising behind Google and Facebook. Cowen expects Amazon to make $17.6 billion from advertising this year, up 36% increase from 2019, and $46.6 billion by 2025. To compare, the firm expects Google to make $191.4 billion in advertising this year and Facebook, $84 billion.New charts show how Instagram's plan to make money from Stories is hitting a wall
- A video with 100,000 views can make $500 to $1,000.
- A video with 150 million views can make $97,000.
Here are other great stories from media, marketing, and advertising. (You can read most of the articles here by subscribing to BI Prime; use promo code AD2PRIME2018 for a free month.)A top Israeli ad exec explains why he sold his agency to Wix - and why holding companies will die if they can't get closer to their customersMarketers share what it's like to use TikTok's invite-only tool for finding the right influencers to hire for brand dealsAuthors describe losing thousands of dollars in monthly income when Amazon quietly shut down its fan-fiction service - and how they bounced back