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📺 Instagram’s going after YouTube, too…
Instagram for TV’s interface.
Instagram, the app that trained a generation to lose interest after 1.5 seconds, would now like you to settle in for a 90-minute video. On Monday it started testing Features, horizontal videos up to 90 minutes long, with tens of thousands of US creators. Same day, it put its Instagram for TV app on Apple TV, where Features will eventually live too. Long videos, big screens. Sounds a lot like YouTube. The details:
Features are aimed at podcasters, comedians, and vloggers. They post a clip as a Reel, it links to the full episode, and viewers never have to leave Instagram.
Right now anything over three minutes doesn't get pushed to new audiences, which is why creators post the teaser on Insta and the real thing on YouTube.
Instagram's cutting deals with early creators, but none of them are exclusive. Post it on YouTube too, keep your sponsor reads, and Instagram says it'll help find sponsors if you don't have any.
There'll be hurdles. YouTube pays, and pays well: creators keep 55% of the ad money, and plenty of them make a full-time living off it. Instagram hasn't said what it'll pay, so the offer right now is exposure. (Creators have heard that one before.) The audience is a question mark, too. Scrollers don't automatically become sit-down viewers because you made the videos longer. And this isn’t Instagram’s first swing. IGTV, its long-form video app from 2018, came and went by 2022, quietly.
The bigger picture: This is really about hours on the TV screen, and YouTube has more of them than anyone. Nielsen's latest Gauge had it at a record 15.8% of all US TV viewing in August, more than double Netflix's 7.7%. That gap is why Netflix has spent the past year poaching top creators and podcasters. Instagram chief Adam Mosseri points out that YouTube has stopped growing on phones and “all their growth is coming on TV.” Translation: the living room is where the growth is, so that's where Instagram wants to be, too.
Related: Oh, and keep an eye on Spotify. The Duplass Brothers just made 'The Long Long Night,' their six-episode indie series starring Mark Duplass and Barrett O'Brien, free on Spotify. Two episodes a week. Spotify says it's becoming a video destination alongside music and podcasts.
Coach was talking about this in the last episode when kids don't listen. Rampage is trying to give his son some game Told him all your fuck-ups cost me money. Facts.
Anthropic says that their core product carries the risk of ending humanity.
Ok, what doesn’t? Seriously.
If this actually worries you then you’re not fit to be walking around as a free grown-ass man.
My takeaway from this is a fundamental lesson on the cycle of using money and the money system.
Anthropic has spent years building a company, building equity value, and accumulating debt along the way. Now they get to price that equity, offer some of it to the market, extinguish the debt, and go all in for more growth.
Use debt >> build equity >> leverage equity >> get rich >> repeat
Easy peasy
Good luck
https://www.sec.gov/Archives/edgar/data/2130357/000162828026067168/anthropicpbc-sx1.htm