Today's Must Read - Mastercard CMO Raja Rajamannar: Marketing Is Facing An 'Existential Crisis'
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Today's Must Read
[Mastercard CMO Raja Rajamannar: Marketing Is Facing An 'Existential Crisis'](
As marketing becomes a more technical discipline, big advertisers like Coca-Cola have done away with the CMO role altogether in favor of titles like chief growth officer or chief business officer. [More.](
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News Round Up
Instashop
It was only a matter of time (and money). Instagram announced that itâs begun testing a checkout feature with brands like Adidas, H&M and Warby Parker that lets users purchase products without leaving the app. [Read the blog post](. Previously, Instagram had to send users to retailer and manufacturer websites to complete a purchase. This isnât parent company Facebookâs first attempt to build an ecommerce business, but with more people using Instagram to follow brands and influencers for shopping inspiration, the photo-sharing app has a real shot at payments. And Facebook needs commerce now more than ever, with inventory on its core News Feed hitting a ceiling, Bloomberg reports. The move puts Instagram into competition with Shopify, the ecommerce platform that powers many direct-to-consumer brands that advertise heavily on Instagram. [More](.
Share of Time
Media consumption remained flat year-over-year at about 10.5 hours per day, but mobile phones and connected-TV devices are winning bigger slices of the pie, according to Nielsenâs Q3 2018 Total Audience Report released on Tuesday. There arenât drastic shifts in overall market share â live and time-shifted TV (which is to say traditional cable and set-top box viewing) lost the most ground, with a 2% overall share drop, and smartphones were the big gainers, with mobile going from 21% to 24% of all US audiences. But there are much larger swings among younger audiences. For 18-34 year olds, live and time-shifted TV was surpassed by mobile in Q3 2017, and a year later that gap has widened by an additional 10% of all media consumption. [More](.
TV? Thatâs Original
Snap is in the process of launching new shows under its Snap Originals video series. The new videos, both scripted and docu-series, are produced by big-name TV executives and aim to get younger generations to form a new habit around watching quality, short-form mobile video. Snap, which is aiming to be profitable in 2019 after a rough first year on the public market, is faced with competition from Instagram (per usual) and new startups like Jeffrey Katzenberg and Meg Whitmanâs NewTV. But Snapâs âclear advantage is that it knows how to create content that actually works within the framework of its app better than anyone,â writes Axiosâ Sara Fischer. [More](. Related: As Snap chases big TV budgets, itâs also starting to pay its influencers, who previously struggled to make money on the platform. [AdAge has more](.
But Wait, Thereâs More!
- [Facebook Restricts Targeting By Race, Gender And Age]( - NYT
- [NCC Media Extends Its Digital Media Buying]( - MediaPost
- [Another Trump Facebook Election]( - Axios
- [Pixalate: Holiday Traffic Leads To 21% Ad Fraud Average]( - release
- [Snapchat To Launch Gaming Platform Next Month]( - Cheddar
- [Netflix CEO Says Company Wonât Be In Appleâs Video Offering]( - Recode
- [ANA Forms New Trust Consortium]( - release
- [Glossier Raises $100M, Triples In Valuation]( - TechCrunch
- [Attribution Startup Marketing Evolution Raises $26.1M]( - release
- [Which âJenâ Sent The Baby Gift Cards? Not One You Know.]( - WSJ
Youâre Hired!
- [Yieldmo Welcomes Sergei Izrailev And David Moore]( - release
- [Location Sciences Names Warren Zenna President, Americas]( - release
- [Bloomberg CRO Keith Grossman Joins Engine As COO]( - LinkedIn
Podcasts
[The Big Story Episode 34:]( Googleâs On First
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[The Big Story Episode 29:]( Blood In The Water
[The Big Story Episode 28:]( Must See TV
[The Big Story Episode 27:]( A Funny Thing Happened On The Way To France
[The Big Story Episode 26:]( This Episode Brought To You By The Letters CES And PMP
[The Big Story Episode 25:]( The Data Deluge At CES
[The Big Story Episode 24:]( All Hail 2019!
[Check out all episodes of The Big Story >>](
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