Why YouTube and TikTok are like Gretchen Wieners and Regina George

Okay, this may be a weird analogy but hear me out. Social media platforms remind me of the movie Heathers – or any other 80s to 00s movie about popular girls in high school. Right now, TikTok is the ringleader, she’s blonde Heather or Mean Girls’ Regina George (she arguably is Lohan’s Kady as she started as the underdog app and is now redefining what it means to be popular). Everyone is obsessed with TikTok and they’re embarrassing themselves by trying so hard to be like her. 

In that case, YouTube and Instagram are the Gretchen Wieners of the group. They had their own thing going for them originally, but in their sad attempts to mimic Regina, they’ve lost themselves.

As competition continues to heat up in digital video and creator marketing, some marketers and agency execs believe YouTube may have lost some steam in its effort to scoop up streaming and TV ad dollars.

“No doubt the global economic uncertainty is contributing to the decline in YouTube ad revenue, but it also seems YouTube may have gotten caught a bit flat-footed,” said Lauren Markaverich, director of media planning and buying at the global strategy firm Materia. “While they were putting enormous effort over the last several years toward stealing share from streaming services and linear TV alike, brands were busy testing and learning on TikTok and taking advantage of the enormous consumer interest in the platform.”
Markaverich continued: “Brands are now hooked [on TikTok] and it is seen as a critical part of their marketing ecosystem that they are likely not willing to cut from their plans.”

Due to TikTok’s rapid growth in the U.S., it has already overtaken other social media platforms as the most popular place to watch video content, according to the Pew Research Center. The platform is particularly appealing to young consumers, more specifically Gen Z, who are highly sought after by advertisers as a demographic. Since Facebook and Snapchat are no longer as popular to this demographic than they once were, reaching them through social networks other than TikTok has been challenging.

“Right now, every impression counts and rather than operating in crisis mode, most brands just want the reassurance that their investments are going in the right places and reaching the right people,” said Lauren Douglas, SVP of marketing at the agency that focuses on YouTube, Channel Factory.

During the pandemic, YouTube focused on streaming ads because it wanted to take advantage of a boost in streaming, according to media buyers. After two years, the streaming bubble is starting to collapse as consumers evaluate their spending habits which may have advertisers reevaluate their spending on those platforms. With that being the case, YouTube’s straddling of streaming and social media may be an advantage.

As of 2022, the number of YouTube users in the United States is over 200 million, according to SEMrush, a website analytical tracking company. Despite the overall focus on streaming ad dollars, the platform does recognize the consumer shift to TikTok and is working to compete more seriously with Shorts, its own copycat short-form video feature of TikTok. While Shorts debuted in 2020, it will roll out its revenue sharing model next year which could help lure creators to the platform. Convincing them to come back will be crucial to YouTube’s future success, agency execs said.

YouTube is also increasing its efforts to show its priority for creators with its revenue sharing model rolling out next year. Under the program, creators with at least 1,000 subscribers and at least 10 million Shorts views within 90 days of application (that’s a bit mad tbh), will be able to join the platform’s revenue-sharing program starting in early 2023. The revenue generated by these ads will be added together every month, and 45% of it will be paid to the creators of the Shorts.

Some content creators prefer TikTok over other social media platforms because YouTube hasn’t progressed beyond streaming — compared to other channels, said Erica Yang, CEO and founder of the advertising agency Real Hype Creative. “Many brands are making this observation and exploring the potential that new influencer spaces bring to their own audience engagement and creative strategy,” said Yang.

That said, TikTok isn’t the only challenger for YouTube. Marketers and agency execs have more choice than ever when it comes to digital video opportunities and that bounty of choice may be part of the platform’s difficulties now.

“The marketplace is flooded with video inventory opportunities,” said Christa Carone, president of the digital advertising company Infillion Media, adding that she believes diversification across platforms helps brands target and retarget consumers. “The value still lies in the availability of brand safe content, precision and privacy-compliant targeting, compelling creative and measurable outcomes.”

In my personal opinion, I think YouTube would be more attractive to consumers if it focused on longer form content like visual podcasts, music videos and short films. It should embrace being Gretchen for now and let Regina do her thing. 

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