Publishers may find a new revenue stream through TikTok, which is increasing its focus on monetization opportunities for them. Despite TikTok's uncertain future in the US, recent structural changes indicate a commitment to supporting publishers. A new team called "publisher monetization operations" has been established, with key roles filled by Harish Sarma, Natalina Manni, Edward Lindeman, and Annie Jacob.
Publishers' Response
Publishers like BBC Studios and The Hollywood Reporter are cautiously optimistic about TikTok's potential for monetization. BBC Studios sees a shift with media owners now managed by a standalone team, which could lead to increased ad revenue. However, average watch times on TikTok are lower compared to other platforms, making it challenging to achieve higher CPMs.
Monetization Strategies
- BBC Studios: Focuses on increasing upload length and prioritizing watch time.
- The Hollywood Reporter: Uses TikTok mainly for marketing but is exploring monetization options.
- BDG Digital: Sees potential in larger partnerships around cultural events and has tested TikTok’s static image galleries successfully.
TikTok's Incentives
TikTok offers ad credits to publishers, incentivizing them to spend more on the platform. These credits are often tied to new initiatives TikTok wants to test, such as new ad products or formats.
Pulse Premiere Program
Launched in May 2023, the Pulse Premiere program allows brands to place ads after top content from publisher partners across various categories. Initial partners included BuzzFeed, Condé Nast, and others, with recent additions like ITV, Channel 4, BBC Studios, Paramount Global, and the NHL.
Conclusion
While it's early days, TikTok's efforts to support publishers through new teams, leadership, and monetization programs offer a glimmer of hope for publishers seeking new revenue streams.