At annual presentations to advertisers, tech and social media companies like Snap and Meta spotlighted short-form videos, aiming to capitalize on TikTok‘s uncertain future in the U.S. following recent legislative actions.
These presentations, known as the NewFronts, occurred just days after President Joe Biden signed a bill granting ByteDance, TikTok’s parent company, up to one year to divest its U.S. operations due to national security concerns.
TikTok, despite the looming threat, announced new partnerships, including collaborations with NBCUniversal for content related to the upcoming Paris Olympics.
The platform’s anticipated U.S. ad revenue for the year is estimated at $8.66 billion by research firm Emarketer, positioning it as a significant player in the advertising landscape.
Snap, the owner of Snapchat, also entered into partnerships with NBCUniversal, planning to send influencers to the Olympics to create content and host clips from Live Nation concerts.
Snap’s emphasis on professionally produced content is aimed at attracting brands cautious about social media and AI-generated content.
Meanwhile, Meta, the parent company of Facebook and Instagram, highlighted Reels, its short-form video feature competing directly with TikTok.
Reels now accounts for half of the time users spend on Instagram, indicating its potential to absorb users in the event of a TikTok ban.
Google, with its YouTube Shorts feature, reported increased viewership on TV screens, signaling the platform’s growing popularity beyond mobile devices.
Despite the uncertainty surrounding TikTok’s future, advertisers are focusing on the present, with some planning to continue advertising until regulatory actions prevent them from doing so.
This strategy reflects a pragmatic approach amid the shifting landscape of short-form video platforms.
