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Plus: Apple rankings, AMC’s Zoom Rooms, crypto chess moves, and more.
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A lucky California ticket claimed the record $2.04B Powerball jackpot. The winner must decide between a $997.6m lump sum — of which the IRS gets 24% — or 30 payments of $68m over 29 years.
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<strong>
In today’s email:
</strong>
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<ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
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<strong>
Sales:
</strong>
How the job has changed.
</li>
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<strong>
Chart:
</strong>
Public bathroom problems.
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<strong>
TikTok vs. music labels:
</strong>
They want more money.
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Around the web:
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Rating apples, business lies, license plate drama, and more cool internet finds.
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🎧 On the go?
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Listen to today’s 10-minute podcast
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to hear Zack and Rob break down how millennials are changing sales, a massive crypto merger, AMC’s new Zoom Rooms, and much more.
</p>
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The big idea
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<h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px">
How millennials are changing sales
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px">
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<em>
Glengarry Glen Ross
</em>
was released in 1992. The movie, based on a play of the same name, painted a drab picture of the pushy, bag-carrying sales rep, and popularized a new mantra for sales floors everywhere:
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
“Always be closing.”
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
With purchasing departments now dominated by millennials in a digital world that differs widely from the one depicted in the film, the nature of sales has
<a style="color: #192733; text-decoration: underline !important;">
changed
</a>
, per
<em>
The Wall Street Journal
</em>
.
</p>
<h4 style="font-size: 17px; height: 100%;letter-spacing:0px;line-height: 22px; padding-top: 8px;margin: 0px;">
<strong>
Changed how?
</strong>
</h4>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px">
Two broad trends have led to a shift in the day-to-day workflow of the modern sales rep:
</p>
<ul style="font-size: 16px;line-height:20px; padding-bottom: 10px; padding-left: 12px;margin: 0">
<li style="font-size: 16px; line-height: 140%;margin: 0 0 0 15px; padding: 0px 0px 10px">
<strong>
Buyers are finding products on their own,
</strong>
which is one reason sales reps are making fewer cold calls and embracing more intimate communication channels like text and direct messages on social platforms.
</li>
<li style="font-size:16px;line-height: 140%; margin: 0 0 0 15px; padding: 0px">
<strong>
Sales cycles are taking longer,
</strong>
and instead of pushing a sale on a single decision-maker, sales reps are spending more time mapping out organizations and building value with various stakeholders.
</li>
</ul>
<p style="font-size: 16px; line-height: 140%; margin:5px 0px 10px;">
These shifts mean the modern sales professional looks more like a product consultant, needing strategic thinking more than charisma.
</p>
<h4 style="font-size:17px; height: 100%; letter-spacing: 0px; line-height:22px; padding-top: 8px; margin: 0px;">
<strong>
This has caused challenges for recruiters…
</strong>
</h4>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
… who say younger workers still
<a style="color: #192733; text-decoration: underline !important;">
associate
</a>
the job with old stereotypes, including high-pressure tactics. Further, while the skills required to succeed in sales have changed, one thing remains the same — sales is stressful:
</p>
<ul style="font-size: 16px; line-height: 20px; padding-bottom: 10px; padding-left: 12px; margin: 0;">
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
A 2021 survey from Gartner found ~90% of sales professionals suffer from burnout.
</li>
</ul>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
There is one downside to the shift in selling — a consultative approach isn’t quite as cinematic as the
<a style="color: #192733; text-decoration: underline !important;">
extroverted huckster
</a>
.
</p>
</td>
</tr>
<tr>
<td>
<table cellpadding="0" style="width: 100%; padding: 10px 10px 0px;">
<tbody style="text-align: right;">
<tr>
<td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
<a data-tags="share facebook" style="text-decoration: underline !important; white-space: nowrap; color: #192733; padding: 0 8px;">
<img alt="Share on Facebook" height="22" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ffacebook_blue_no_circle.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1oskDl:NfhrYSRdRD8ZG-ATcgB_BbfwgBSUxp4Q_rT42FsDH7k" width="22"/>
</a>
</td>
<td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
<a data-tags="share twitter" style="text-decoration: underline !important; white-space: nowrap; color: #192733; padding: 0 8px;">
<img alt="Share on Twitter" height="26" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftwitter%2520blue.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1oskDl:NfhrYSRdRD8ZG-ATcgB_BbfwgBSUxp4Q_rT42FsDH7k" width="26"/>
</a>
</td>
<td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
<a data-tags="share email" style="text-decoration: underline !important; white-space: nowrap; color: #192733; padding: 0 8px;">
<img alt="Send as email to a friend" height="26" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Femail%2520blue.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1oskDl:NfhrYSRdRD8ZG-ATcgB_BbfwgBSUxp4Q_rT42FsDH7k" width="26"/>
</a>
</td>
<td align="right" style="display: inline-block; text-align: right; padding: 0px 0px 2px;">
<a data-tags="share site" style="text-decoration: underline !important; white-space: nowrap; color: #192733; padding: 0 8px;">
<img alt="View on our website" height="26" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FLink%2520Small.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1oskDl:NfhrYSRdRD8ZG-ATcgB_BbfwgBSUxp4Q_rT42FsDH7k" width="26"/>
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #eaf0f6; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr>
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #bF2434; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 10px 0px;">
TRENDING
</td>
</tr>
<tr style="padding-top: 10px;">
<td bgcolor="#EAF0F6" style="background-color: #EAF0F6; border-radius: 10px; padding: 5px;">
<table>
<tr>
<td class="dark-bg h2020 ignore-defaults" style="font-size: 16px; padding: 5px;">
<img alt="eyeball wearing a hat" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fwhats-trending-icon.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1oskDl:NfhrYSRdRD8ZG-ATcgB_BbfwgBSUxp4Q_rT42FsDH7k" style="width: 70px; height: auto;" width="70"/>
</td>
<td class="dark-bg h2020 ignore-defaults" style="font-size: 16px; padding: 5px 3px;">
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Zoom Rooms:
</strong>
AMC is
<a style="color: #192733; text-decoration: underline !important;">
partnering
</a>
with Zoom to offer its movie theaters as videoconferencing spaces. Food and beverages will be available for an additional cost.
</p>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #eaf0f6; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom:5px">
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="width: 100%">
<table style="width: 100%">
<tr>
<td style="color: #bF2434; font-size: 16px; font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 10px 3px 0px;">
SNIPPETS
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults dynamic-snippets" style="font-size: 15px; line-height: 160%; margin: 0; padding: 15px 0px 3px 3px;">
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Disney
</strong>
<a style="color: #192733; text-decoration: underline !important;">
missed
</a>
profit and revenue targets but added 12.1m Disney+ subscribers, beating analyst expectations.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px">
<strong>
Crypto
</strong>
<strong>
consolidation:
</strong>
Industry giant Binance
<a style="color: #192733; text-decoration: underline !important;">
agreed
</a>
to a nonbinding deal to acquire rival FTX amid a reported liquidity crunch.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Netflix
</strong>
is
<a style="color: #192733; text-decoration: underline !important;">
reportedly
</a>
interested in the streaming rights of niche sports tournaments. It also dropped an interactive
<a style="color: #192733; text-decoration: underline !important;">
trivia game
</a>
available in nine languages.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Hmm:
</strong>
Oculus co-founder Palmer Luckey built a VR headset that
<a style="color: #192733; text-decoration: underline !important;">
literally kills you
</a>
if you lose a game. It’s just “office art,” he wrote.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
At Zoomtopia 2022,
</strong>
Zoom
<strong>
</strong>
<a style="color: #192733; text-decoration: underline !important;">
teased
</a>
a virtual coworking space, AI support bots, and new Mail and Calendar tools that could help it keep up with Microsoft and Google.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
In a world first
</strong>
, two people have been
<a style="color: #192733; text-decoration: underline !important;">
transfused
</a>
with lab-grown red blood cells made from the stem cells of donors.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Cool stuff:
</strong>
PhotoRoom
<a style="color: #192733; text-decoration: underline !important;">
launched
</a>
Magic Studio, which lets online merchants use generative AI to personalize their product shots.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Amazon Music
</strong>
users
<a style="color: #192733; text-decoration: underline !important;">
are upset
</a>
that the latest update will only let them play specific songs if they pay $9/mo. Otherwise, it’s shuffle mode only.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
Instagram
</strong>
<a style="color: #192733; text-decoration: underline !important;">
released
</a>
in-app post scheduling tools for all pro accounts.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
How to market a bestseller:
</strong>
Female Startup Club founder Doone Roisin
<a style="color: #192733; text-decoration: underline !important;">
dropped
</a>
the pre-launch strategy and post-launch analysis for
<em>
Your Hype Girl
</em>
, which reached bestseller status in three continents.
</p>
</td>
</tr>
<tr>
<td style="border-bottom-color: #eaf0f6; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
</table>
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px">
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #bf2434; font-size:16px;font-weight: bold; letter-spacing: 1.5px;padding: 0px 0px 10px">
CHART
</td>
</tr>
<tr>
<td style="padding: 0 0 1px;">
<a style="color: #192733; text-decoration: underline !important;">
<img alt="number of residents per public restroom in select cities" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Fbathroomdata_1.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1oskDl:NfhrYSRdRD8ZG-ATcgB_BbfwgBSUxp4Q_rT42FsDH7k" style="height: auto; width: 100%;max-width:600px;" width="600"/>
</a>
</td>
</tr>
<tr>
<td>
<table cellpadding="0" cellspacing="0" style="width: 100%">
<tbody style="text-align: right;">
<tr valign="top">
<td align="left" style="font-family: 'Roboto', helvetica, sans-serif; color: #192733; font-size: 12px; font-style: italic; padding: 5px 0px 10px">
Zachary Crockett
</td>
<td align="right" class="cta-a-btn" style="text-align: right; align: right; text-decoration: unset !important; color: unset !important; padding: 0px;">
<a style="background-color: #4f7092; font-size: 12px; font-weight: bold; text-decoration: none !important; color: #ffffff !important; -webkit-text-fill-color: #ffffff; border-radius: 8px; display: inline-block; mso-padding-alt: 0; padding: 4px 10px;">
<!--[if mso]><i style="letter-spacing: 25px; mso-font-width: -100%; mso-text-raise: 30pt;"> </i><![endif]-->
<span style="mso-text-raise: 15pt;">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252Ftwitter-white.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1oskDl:NfhrYSRdRD8ZG-ATcgB_BbfwgBSUxp4Q_rT42FsDH7k" style="max-width: 13px; height: auto; white-space: nowrap; padding: 0px 5px 0px 0px;" valign="middle" width="13"/>
Tweet this Image
</span>
<!--[if mso]><i style="letter-spacing: 25px; mso-font-width: -100%;"> </i><![endif]-->
</a>
</td>
</tr>
</tbody>
</table>
</td>
</tr>
<tr>
<td>
<h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
The fight to build more public bathrooms in America
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
Today’s cities are almost completely devoid of public toilets.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
In 1940, the New York City subway system, for instance, had
<a style="color: #192733; text-decoration: underline !important;">
1,676
</a>
public working toilets. Today, there are only two public bathrooms in the entire city of 8.3m+ that are open 24 hours.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
There’s even a popular
<a style="color: #192733; text-decoration: underline !important;">
TikTok account
</a>
devoted to the struggle of finding a place to go.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
It’s a big, national issue, with Portland, Oregon, paving the way toward a solution. In 2007, following grassroots pressure, Portland decided to invent, launch, and sell a $90k public bathroom stall solution for cities — the
<a style="color: #192733; text-decoration: underline !important;">
Portland Loo
</a>
.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
But why is it taking such a monumental effort to fix this problem, anyway? And why does the US have so few bathrooms to begin with?
</p>
</td>
</tr>
<tr class="cta-a-btn" style="text-decoration: unset !important; color: unset !important;">
<td align="center" style="text-align: center; padding: 10px 0px 15px;">
<a style="background-color: #BF2434; font-size: 16px; font-weight: bold; text-decoration: none !important; color: #ffffff !important; -webkit-text-fill-color: #ffffff; border-radius: 8px; display: inline-block; mso-padding-alt: 0; padding: 7px 20px;">
<!--[if mso]><i style="letter-spacing: 25px; mso-font-width: -100%; mso-text-raise: 30pt;"> </i><![endif]-->
<span style="mso-text-raise: 15pt;">
Read the full story →
</span>
<!--[if mso]><i style="letter-spacing: 25px; mso-font-width: -100%;"> </i><![endif]-->
</a>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #eaf0f6; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 15px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px">
</td>
</tr>
<tr>
<td style="width: 100%;">
<table style="width: 100%;">
<tr>
<td style="color: #bF2434; font-size: 16px;font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 10px 3px 0px;">
Free Resource
</td>
</tr>
<tr id="image">
<td class="h2020 ignore-defaults" style="padding: 0px 3px;">
<center>
<a style="color: #192733; text-decoration: underline !important;">
<img src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252F11-9.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1oskDl:NfhrYSRdRD8ZG-ATcgB_BbfwgBSUxp4Q_rT42FsDH7k" style="width: 100%; max-width: 600px; height: auto; padding: 15px 0 0;" width="600"/>
</a>
</center>
</td>
</tr>
<tr>
<td>
<h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
Why do 62% of companies still use Facebook ads?
</h2>
</td>
</tr>
<tr id="bottom ad copy">
<td class="h2020 ignore-defaults" style="padding: 0px 3px">
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
For the biggest ROI, deepest reach, and high-tech toolkit.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
When it comes to perfecting promos, who knows better than Meta’s own director of ads, Tarcisio Ribeiro. He expounds on
<a style="color: #192733; text-decoration: underline !important;">
three pillars of persuasion
</a>
in this HubSpot blog post.
</p>
<h4 style="font-size: 17px; height: 100%; letter-spacing:0px;line-height: 22px; padding:8px 0px 10px; margin: 0px">
<strong>
Tips for killer Facebook placements:
</strong>
</h4>
<ul style="font-size:16px;line-height:20px; padding-bottom:10px;padding-left:12px;margin: 0">
<li style="font-size:16px;line-height: 140%;margin: 0 0 0 15px; padding: 0px;">
K.I.S.S. (start with boosted posts)
</li>
<li style="font-size:16px;line-height:140%; margin: 0 0 0 15px; padding: 0px;">
Pare your target prospects (get crazy specific)
</li>
<li style="font-size:16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
Animate the creative (convert pics into punchy graphics)
</li>
</ul>
<p style="font-size: 16px; line-height: 140%;margin: 5px 0px 10px;">
Here’s how, using Facebook’s native features.
</p>
</td>
</tr>
<tr class="cta-a-btn" style="text-decoration: unset !important; color: unset !important;">
<td align="center" style="text-align: center; padding: 10px 0px 15px;">
<a style="background-color: #BF2434; font-size: 16px; font-family: 'Roboto', helvetica, sans-serif; font-weight: bold; text-decoration: none !important; color: #ffffff !important; -webkit-text-fill-color: #ffffff; border-radius: 8px; display: inline-block; mso-padding-alt: 0; padding: 7px 20px;">
<!--[if mso]><i style="letter-spacing: 25px; mso-font-width: -100%; mso-text-raise: 30pt;"> </i><![endif]-->
<span style="mso-text-raise: 15pt;">
Nail Facebook ads →
</span>
<!--[if mso]><i style="letter-spacing: 25px; mso-font-width: -100%;"> </i><![endif]-->
</a>
</td>
</tr>
</table>
</td>
</tr>
<tr>
<td style="border-bottom-color: #eaf0f6; border-bottom-style: solid; border-bottom-width: 1px; padding-top: 5px;">
</td>
</tr>
<tr>
<td style="padding-bottom: 5px;">
</td>
</tr>
<tr style="display: block; padding: 10px 2px 0px;">
<td style="width:100%">
<table style="width: 100%;">
<tr>
<td style="color:#bf2434; font-size: 16px;font-weight: bold; letter-spacing: 1.5px; text-transform: uppercase; padding: 0px 0px 10px;">
Radio TikTok
</td>
</tr>
<tr>
<td style="padding: 0 0 1px;">
<a style="color: #192733; text-decoration: underline !important;">
<img alt="TikTok vs. record labels" src="https://inboxflows.com/_/image/https%253A%252F%252Fmedia.sailthru.com%252Fcomposer%252Fimages%252Fsailthru-prod-6ks%252FTikTok_vs_singer.png/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZtZWRpYS5zYWlsdCJ9:1oskDl:NfhrYSRdRD8ZG-ATcgB_BbfwgBSUxp4Q_rT42FsDH7k" style="height: auto; width: 100%; max-width:600px;" width="600"/>
</a>
</td>
</tr>
<tr>
<td>
<h2 style="font-family: 'Oswald', 'Roboto', helvetica, sans-serif; font-size: 22px; line-height: 26px; font-weight: bold; margin: 10px 0px 5px;">
TikTok vs. record labels
</h2>
</td>
</tr>
<tr>
<td class="h2020 ignore-defaults" style="padding: 5px 0px 0px;">
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
In the beginning, TikTok paid labels a flat fee to license music for use in users’ videos.
</p>
<p style="font-size:16px; line-height: 140%; margin: 5px 0px 10px;">
Today, TikTok is massive:
</p>
<ul style="font-size: 16px; line-height: 20px;padding-bottom: 10px; padding-left: 12px; margin: 0">
<li style="font-size: 16px;line-height: 140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
It earned
<strong>
$4B
</strong>
in revenue in 2021 and is on track to earn
<strong>
$12B
</strong>
in 2022.
</li>
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px">
There are
<strong>
1B+
</strong>
users with videos featuring music on the platform.
</li>
</ul>
<p style="font-size: 16px; line-height: 140%;margin:5px 0px 10px;">
Now, Universal Music Group, Sony Music Entertainment, and Warner Music Group — which, combined, hold
<a style="color: #192733;text-decoration: underline !important;">
70%+
</a>
of market share — want TikTok to fork over more in advertising revenue and royalties,
<a style="color: #192733;text-decoration: underline !important;">
per
</a>
<em>
Bloomberg
</em>
.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
<strong>
TikTok…
</strong>
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
… is a huge music marketer, surfacing new talent — 75% of US TikTok users
<a style="color: #192733; text-decoration: underline !important;">
find
</a>
new music there — and promoting artists.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px;">
Songs can also go viral, like Megan Thee Stallion’s “Savage,” used in
<a style="color: #192733; text-decoration: underline !important;">
24m+
</a>
videos. But, due to that flat fee, they don’t generate extra revenue.
</p>
<ul style="font-size: 16px; line-height:20px; padding-bottom: 10px; padding-left: 12px; margin: 0">
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px 0px 10px">
One exec says TikTok should be paying
<strong>
2x-10x
</strong>
more, based on similar agreements with other platforms, per
<em>
Bloomberg
</em>
.
</li>
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px">
For example, YouTube paid the music industry
<strong>
$6B+
</strong>
between July 2021 and June 2022.
</li>
</ul>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px">
TikTok argues it shouldn’t have to pay the same as music platforms ‘cause it isn’t one.
</p>
<p style="font-size:16px; line-height:140%;margin: 5px 0px 10px;">
<strong>
Or is it?
</strong>
</p>
<p style="font-size: 16px; line-height:140%; margin: 5px 0px 10px;">
TikTok parent company ByteDance has a music streamer, called
<a style="color: #192733;text-decoration: underline !important;">
Resso
</a>
, in Indonesia, Brazil, and India with plans to expand.
</p>
<p style="font-size: 16px; line-height: 140%; margin: 5px 0px 10px">
Other clues:
</p>
<ul style="font-size: 16px;line-height:20px;padding-bottom: 10px; padding-left: 12px;margin: 0">
<li style="font-size: 16px; line-height: 140%;margin: 0 0 0 15px; padding: 0px 0px 10px">
It recently
<a style="color: #192733;text-decoration: underline !important;">
registered
</a>
a trademark for a “TikTok Music” app.
</li>
<li style="font-size:16px;line-height: 140%; margin: 0 0 0 15px; padding:0px 0px 10px">
Its SoundOn feature allows artists to upload and earn royalties on their music.
</li>
<li style="font-size: 16px; line-height: 140%; margin: 0 0 0 15px; padding: 0px;">
It’s hiring people to
<a style="color: #192733;text-decoration: underline !important;">
sign and develop
</a>
new artists.
</li>
</ul>
<p style="font-size: 16px; line-height: 140%;margin: 5px 0px 10px">
TikTok and the labels will likely come to an agreement, or at least an extension, before contracts expire in a few months. But TikTok may ultimately end up on top.
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On this day
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<strong>
:
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In 1965, the
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License plates seem pretty benign, but sometimes, there’s
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And now, if Marilyn Monroe were
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.
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💼 Sales ain’t what it used to be
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