Pivot to video explained

"Pivot to video" is a phrase referring to the trend, starting in 2015, of media publishing companies cutting staff resources for written content (generally published on their own web sites) in favor of short-form video content (often published on third-party platforms such as Facebook, Instagram, Twitter, YouTube, Snapchat, and TikTok).[1] [2] These moves were generally presented by publishers as a response to changes in social media traffic or to changes in the media consumption habits of younger audiences. According to commentators, however, it was in reality driven by advertising; only advertisers, not consumers, prefer video over text.[3] [4] Due to the numerous jobs lost as a result, the term eventually became a euphemism for layoffs, death, and termination.

Commentators have also noted a lack of transparency and accuracy in the viewership metrics reported by platforms such as Facebook, pointing out that abrupt shifts in platforms' proprietary algorithms can have devastating effects on publishers' viewership, traffic, and revenue.[5] [6] [7] Following a scandal in which Facebook revealed it had artificially inflated numbers to its advertisers about how long viewers watched ads, many journalists and industry analysts concluded that the shift to video was based on such misleading or inaccurate metrics, which created a false impression that there was customer demand for additional video content.[8] [9] [10]

History

Streaming media technology has been available since the early 1990s, though it was relatively low-fidelity and not widely available until the mid-2000s.[11] In 2007, legacy media publishers including the New York Times, Washington Post and Time Inc. created new divisions to develop web videos, and Facebook launched its video platform.[12] Twitter purchased micro-video service Vine in October 2012, began adding native video streaming in late 2014, and acquired video-streaming service Periscope in January 2015.[13]

An August 2014 profile on BuzzFeed noted the publisher's large investment into video production, and observed that "the future of BuzzFeed may not even be on BuzzFeed.com. One of the company’s nascent ideas, BuzzFeed Distributed, will be a team of 20 people producing content that lives entirely on other popular platforms, like Tumblr, Instagram or Snapchat."[14]

On 7 January 2015, Facebook issued a statement about "the shift to video," reporting that "since June 2014, Facebook has averaged more than 1 billion video views every day."[15] Media critic John Herrman argued that "What the shift to Facebook video means is that Facebook is more interested in hosting the things media companies make than just spreading them, that it views links to outside pages as a problem to be solved, and that it sees Facebook-hosted video as an example of the solution."[16]

In February 2015, the digital video-journalism publisher NowThis announced that it would operate without a home page, producing content to be published directly on social media platforms.[17] [18]

In April 2016, Mashable fired much of its editorial staff, attempting to pivot away from hard news coverage while "growing Mashable across every platform" and doubling down on branded content and video.[19] [20] By December 2017, following a sale to Ziff Davis, Mashable retreated from this focus on video; Bernard Gershon, president of GershonMedia, said that the announcement of many such "pivots" were actually aimed primarily at investors.[21]

By 2017, "advertiser interest in video [was] insatiable... Any CFO is going to say 'How can we get more video?'" according to an executive of the publishers' trade association Digital Content Next.[22] Publishers such as Vanity Fair, the Washington Post, and Sports Illustrated began adapting their own articles into cheap video content, either dictated by a newsreader or animated as a slideshow with captions, which could be shared on social platforms or even played alongside the articles themselves.[23] [24]

June 2017 saw numerous high-profile pivots to video. Vocativ laid off at least 20 staff, including its entire newsroom, explaining that "as the industry evolves, we are undertaking a strategic shift to focus exclusively on video content that will be distributed via social media and other platforms."[25] Fox Sports eliminated its entire writing staff to focus on creating "premium video across all platforms."[26] And MTV News announced a restructuring that would cut its writing team. Less than two years earlier, MTV News had hired Grantland co-founder Dan Fierman to lead an significant investment in "longform" political and cultural reporting, but Fierman left in April 2017, and in June MTV announced it was "shifting resources into short-form video content more in line with young people's media consumption habits."[27] [28]

In July, Vice Media laid off at least 60 employees, including the editor-in-chief of Vice Sports, while expanding video production.[29]

August 2017 saw Mic cut ten writers and directed the remainder of the newsroom to generate videos for social platforms. CEO Chris Altchek said "When you think about how many hours people spend watching video versus reading, the audience has already spoken." The move was ultimately unsuccessful, and Mic laid off the majority of its staff a year later before being sold to Bustle Media Group for a fraction of its former value.[30] [31] [32]

In September 2017, the for-profit wiki-hosting company Fandom began adding commercially produced videos to its otherwise user-generated wiki subdomains, explicitly citing the need to "keep up with user and advertiser expectations" by "diversifying our content," claiming without substantiation that "consumer patterns are changing," necessitating the addition of "complementary video" to accommodate that supposed need. Objection to the content in these videos and its sharp contrast against the content of the wiki sites to which they were applied led to vocal user backlash, leading Fandom CCO Dorth Raphaely to offer the following non-committal response: "I agree that with these videos in particular we did not deliver the right type of content experience."[33]

Movie Pilot CEO Tobi Bauckhage explained his company's fall 2017 layoffs as part of moving "from a text-based publishing model to video... a reaction to the fact that Facebook has changed their algorithms in favor of video instead of referral traffic over the last 12 months and we were losing money in the publishing bit of our business."[34] As part of the company's change in direction, the majority of its staff was laid off and its parent company was sold to Webedia.[35]

In November 2017, magazine publisher Condé Nast cut jobs, reduced the frequency of several magazines, and shut down the print edition of Teen Vogue, then invested significant new resources in video production, with a senior executive saying "In the next 24 months, I hope that video is half our business... It’s critical. It’s the macro trend of content consumption."[36] [37]

In February 2018, Vox Media cut approximately 50 employees, primarily those assigned to "social video," as Vox CEO Jim Bankoff admitted that those efforts were not "viable audience or revenue growth drivers."[38]

In August 2020, Facebook Inc. (now Meta Platforms) pivoted Instagram to video in an effort to replicate the success of TikTok and appeal to a younger audience, introducing "reels" as a form of video and promoting them aggressively. Reels accounted more than half the 20 most-viewed posts on Facebook; however, most of these reels were anonymous aggregations of content from TikTok.[39] [40]

Elon Musk declared in early 2024 that X (former Twitter) was now a "video-first platform", which has been described by critics as a "pivot to video".[41] [42]

As euphemism

In 2017, Journalist Brian Feldman said that Pivoting to video' has become a business strategy for digital publishers common enough in recent months to be a kind of cliché — a slick way to describe something else: layoffs."[43] In response, writers use the phrase as gallows humor shorthand for death or cancellation, as in "how do i tell my bf i want our relationship to pivot to video" (SkyNews' Mollie Goodfellow)[44] or "Horse broke its leg, so we had to take it out back and help it 'pivot to video'" (blogger Anil Dash).[45]

Facebook metrics controversy

In September 2016, Facebook admitted that it had reported artificially inflated numbers to its advertisers about how long viewers watched ads leading to an overestimation of 60-80%.[46] Facebook apologized in an official statement and in multiple staff appearances at New York Advertising Week.[47] [48] Two months later, Facebook disclosed additional discrepancies in audience metrics.[49] [50] In October 2018, a California federal court unsealed the text of a class action lawsuit filed by advertisers against Facebook, alleging that Facebook had known since 2015 that its viewership numbers were inflated "by some 150 to 900 percent" and waited over a year before taking action to disclose or fix the problem, citing internal Facebook communications that "somehow there was no progress on the task for the year" and decisions to "obfuscate the fact that we screwed up the math."[51] [52]

This led many journalists and industry analysts to conclude that the shift to video was based on misleading or inaccurate metrics, which created a false impression that there was customer demand for additional video content.[53] [54] [55]

See also

Notes and References

  1. Web site: Here's An Abridged Timeline Of Digital Media's Pivot To Video . 21 Feb 2018 . Weissman, Cale Guthrie . FastCompany . 2018-10-18.
  2. The secret cost of pivoting to video . Moore, Heidi N. . . 26 Sep 2017 . 2018-10-18.
  3. Web site: 2020-03-24. What's driving the publisher pivot to video, in 5 charts (hint: ad $$$). 31 August 2017.
  4. MTV News—And Other Sites—Are Frantically Pivoting to Video. It Won't Work . . Schonfeld, Zach . 30 Jun 2017 . 2018-10-18.
  5. News: 50 Million New Reasons BuzzFeed Wants to Take Its Content Far Beyond Lists . Isaac, Mike . The New York Times . 10 Aug 2014 . 2018-10-18.
  6. Web site: Internet Video Views Is A 100 Percent Bullshit Metric . Draper, Kevin . 9 May 2016 . . 2018-10-18.
  7. Side effect of the pivot to video: audience shrinkage . Benes, Ross . . 21 Sep 2017 . 2018-10-18.
  8. Web site: Will. Oremus. 2020-03-24. The Real Lie About Online Video Runs Deeper Than Facebook's False Metrics. 18 October 2018. Slate Magazine.
  9. News: Are Facebook's Bad Metrics to Blame for 'Pivot to Video'? Publishers Disagree . The Wall Street Journal . Mullin, Benjamin . 18 Oct 2018 . 2018-10-18.
  10. Web site: Alexis C. Madrigal, Robinson. Meyer. 2020-03-24. How Facebook's Chaotic Push Into Video Cost Hundreds of Journalists Their Jobs. 18 October 2018. The Atlantic.
  11. News: A history of media streaming and the future of connected TV . . Zambelli, Alex . 1 Mar 2013 . 2018-10-18.
  12. Andersen . Kurt . You Must Be Streaming . . 24 Oct 2007 . 2018-10-18 .
  13. What native video means for Twitter — and its users . Blattberg, Eric . . 12 Jan 2015 . 2018-10-18.
  14. Web site: Content Distributed . Buchanan, Matt . 11 Aug 2014 . 2018-10-18 . The Awl.
  15. Web site: What the Shift to Video Means for Creators . Facebook . 7 Jan 2015 . 2018-10-18.
  16. Web site: Herrman, John . Territory Annexed . 8 Jan 2015 . https://web.archive.org/web/20150206053324/http://www.theawl.com/2015/01/everything-ends . 6 February 2015 . dead .
  17. Web site: NowThis scraps its website, goes all-in on social . Barr, Jeremy . . 6 Feb 2015 . 2018-10-18.
  18. Web site: The Next Internet Is TV . Herrman, John . The Awl . 5 Feb 2015 . 2018-10-18.
  19. News: Mashable Fires News Staff, Replaces Executives as Part of Pivot to Video Infotainment . Kulwin, Noah . 7 Apr 2016 . . 2018-10-18.
  20. Web site: Today I Sent This Note to The Mashable Team . Cashmore, Pete . 7 Apr 2016 . 2018-10-18 . LinkedIn.
  21. Web site: Sahil. Patel. 2019-12-30. Mashable is reeling in its video ambitions after Ziff Davis sale. 8 December 2017.
  22. Fire Writers, Make Videos Is Latest Web Recipe for Publishers . Bloomberg News . Ad Age . 29 Aug 2017 . 2018-10-18.
  23. Web site: What "Pivoting to Video" Really Means . Curtis, Bryan . 3 Jul 2017 . . 2018-10-18.
  24. Web site: When The Video Plays You . Killingsworth, Silvia . The Awl . 30 Jun 2017 . 2018-10-18.
  25. Web site: Vocativ lays off entire editorial staff in shift to video . Funke, Daniel . 14 Jun 2017 . . 2018-10-18.
  26. Web site: Fox Sports Cuts Web Writing Staff to Invest More in Online Video . Shaw, Lucas . 26 Jun 2017 . . 2018-10-18.
  27. Web site: MTV Restructuring News Department, Shifting to Emphasis on Video (Updated) . 28 Jun 2017 . Gensler, Andy.
  28. MTV News Shifts Toward Video, Targets Younger Audience (EXCLUSIVE) . 28 Jun 2017 . 2018-10-18 . Holloway, Daniel . Variety.
  29. Web site: Vice Media Lays Off At Least 60 Employees Amid Video Expansion . Jarvey, Natalie . 21 Jul 2017 . 2018-10-18.
  30. Web site: Ohlheiser. Abby. 2019-12-30. A pivot to video couldn't save Mic. The news outlet has laid off most of its staff.. Washington Post.
  31. Web site: Cale Guthrie. Weissman. 2019-12-30. Mic lays off most of its staff as the pivot-to-video bloodbath reaches its zenith. 29 November 2018. Fast Company.
  32. Web site: Digiday. 2023-07-06. Pivoting to nowhere: How Mic ran out of radical makeovers. 30 November 2018. Digiday.
  33. Web site: Jackson. Gita. Fallout Fans Resist Wikia's Attempt To Pivot to Video. Kotaku. 4 November 2022.
  34. Movie Pilot's Sale to Webedia Came After Huge Layoffs in Pivot to Video . Spangler, Todd . . 7 Dec 2017 . 2018-10-18.
  35. Web site: Todd. Spangler. 2020-10-17. Movie Pilot's Sale to Webedia Came After Huge Layoffs in Pivot to Video. 8 December 2017.
  36. News: Condé Nast Ends Teen Vogue's Print Run, Plans to Cut 80 Jobs . Ember, Sydney . 2 Nov 2017 . 2018-10-18 . The New York Times.
  37. News: What the 'Pivot to Video' Looks Like at Condé Nast . Safronova, Valeriya . 4 Apr 2018 . 2018-10-18 . The New York Times.
  38. News: Vox Media Cuts About 50 Employees, Scales Back on Social Video . Mullin, Benjamin . 21 Feb 2018 . 2018-10-18 . The Wall Street Journal.
  39. Web site: Annie. Rauwerda. 2022-07-16. Meta says pivot to video is working as it shoves Reels in front of users. Input.
  40. Web site: Shirin. Ghaffary. 2022-07-16. Reels is Facebook’s TikTok clone — and its future. 30 March 2022. Vox.
  41. Web site: Elon Musk’s X tries to prove that pivoting to video is a smart strategy rather than a punchline . 2024-01-13 . Fortune . en.
  42. Web site: Dressed . Natalie . 2024-01-12 . Musk wants Twitter to pivot to video . 2024-01-13 . Boing Boing . en-US.
  43. The Lesson of MTV News Is Not 'Longform Is Dead' . Feldman, Brian . 29 Jun 2017 . New York Magazine . 2018-10-18.
  44. Web site: Why the 'Pivot to Video' Has Failed . Dumenco, Simon . 28 Sep 2017 . 2018-10-18.
  45. News: Publishers are desperately pivoting to video—but they should be standing up to Facebook . West, John . . 26 Jul 2017.
  46. News: Facebook Overestimated Key Video Metric for Two Years . . Vranica, Suzanne and Jack Marshall . 22 Sep 2016 . 2018-10-18.
  47. Web site: Facebook Video Metrics Update . Fischer, David . Facebook Business . 23 Sep 2016 . 2018-10-18.
  48. Web site: Facebook goes on apology tour following video metric mess up . Fiegerman, Seth . 27 Sep 2016 . . 2018-10-18.
  49. Web site: Facebook admits it messed up more ad metrics . Fiegerman, Seth . 16 Nov 2016 . 2018-10-18 . CNN.
  50. Web site: An Update on Metrics and Reporting . Facebook Newsroom . 16 Nov 2016 . 2018-10-18.
  51. News: Advertisers Allege Facebook Failed to Disclose Key Metric Error for More Than a Year . Vranica, Suzanne . The Wall Street Journal . 16 Oct 2018 . 2018-10-18.
  52. Web site: "Far from an honest mistake": Facebook accused of inflating ad data . Kates, Graham . CBS News . 17 Oct 2018 . 2018-10-18.
  53. News: Will. Oremus. 2023-07-06. The Big Lie Behind the "Pivot to Video". Slate. 18 October 2018. 1091-2339. slate.com.
  54. Web site: Alexis C. Madrigal, Robinson. Meyer. 2023-07-06. How Facebook’s Chaotic Push Into Video Cost Hundreds of Journalists Their Jobs. 18 October 2018. The Atlantic.
  55. Web site: 2023-07-06. Was the Media’s Big "Pivot to Video" All Based on a Lie?. 17 October 2018. Vanity Fair.