The Rise of Tubi and If “Free” Is Really the Future of Entertainment
Apr 29, 2024
auto_awesome
Tubi CEO Anjali Sud discusses the rise of free content, competing with YouTube, the future of entertainment, and predictions for 'Inside the NBA' with host Matt Belloni.
Tubi's success in free ad-supported streaming due to extensive content library and audience engagement.
Tubi's focus on original programming and monetizing audience engagement for sustainable growth in streaming industry.
Deep dives
Tooby's Rise in Viewership and Business Model Success
Tooby, a free ad-supported television platform, has captured 1.6% of all streaming viewership on connected TVs in the US, outperforming services like Peacock and Max. Tooby offers licensed content and original programming like TMZ Presents and made-for-TV movies. Its business model, relying on licensed library deals and revenue shares, aims at deepening the content trove to attract viewers.
Anjali Sue's Journey and Tooby's Path to Profitability
Anjali Sue, CEO of Tooby, transitioned from Vimeo to lead Tooby's dive into the free ad-supported streaming space. Despite Tooby's audience engagement and 78 million monthly active users, profitability remains a goal under Sue's leadership. Sue emphasizes the strategy to monetize audience engagement and build momentum for the platform's growth.
Tooby's Unique Programming Voice and Adaptation to Market Trends
Tooby's differentiation lies in its extensive on-demand content library with over 240,000 movies and TV series, targeting cord cutters and diverse audiences. With a focus on younger generations and key demographics, Tooby's exploration into original programming aims to stand out in a competitive streaming landscape. By aligning programming choices with audience preferences, Tooby seeks to establish itself as a go-to destination for entertainment.
Matt is joined by Tubi CEO Anjali Sud to discuss the rapid growth of free, ad-supported content, competing with YouTube and social media, how young people want to consume content, whether Tubi can outlast the free ad-supported arms of major steamers, and whether this business is actually sustainable. Matt finishes the show with a prediction on the future of TNT's 'Inside the NBA.'
For a 20 percent discount on Matt’s Hollywood insider newsletter, ‘What I’m Hearing ...,’ click here.