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Trump Gives TikTok and Oracle Deal His ‘Blessing'
Gen Z Is Turning to TikTok as Go-To Search Engine, Claims Google
Kristin Snyder
Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.
TikTok has already dominated the social media landscape. Now, its users are helping it become a search engine.
While at Fortune’s Brainstorm Tech conference, Google Senior Vice President Prabhakar Raghavan said internal research indicates that users aged 18 to 24 are forgoing Google Search or Maps and instead sending their inquiries to social media sites. Despite growing concern about misinformation on such platforms, TechCrunch reported that TikTok and Instagram are now steering attention away from the core feature that launched the company into notoriety.
“We keep learning, over and over again, that new internet users don’t have the expectations and the mindset that we have become accustomed to,” Raghavan said at the conference.
Google, for its part, wants to highlight TikTok and Instagram videos in its search engine. Additionally, Raghavan said the search engine is incorporating more visuals while also leaning into voice searches.
As TikTok users film their meals and often add short, quippy reviews, Raghavan said Gen Z is turning to social media apps for their next lunch spot. Many TikTok users turn to influencers for food suggestions, with Los Angeles restaurants like The Red Chickz and Paris Tokyo gaining notoriety on the app.
Users often check the app for a wide range of recommendations. Raghavan’s statements confirm that TikTok users are turning to the video-sharing app for information. Videos under the hashtag for facts, hacks and recommendations, #tiktoktaughtme, have gained a cumulative 8 billion views.
Influencers on TikTok, however, often do not accurately disclose when a video includes sponsored content, as required by the Federal Trade Commission. And marketing companies have shifted to incorporate ideologies, like Urban Legend, an ad-tech startup that recruits social media celebrities from macro to nano to create content around everything from climate change to discouraging mask mandates. Urban Legend’s strategy draws on the idea that users who turn to influencers for recipe recommendations or fashion trends may also trust their opinion on political issues—even if many of the posts were not flagged as sponsored.
TikTok has also come under fire for misinformation—from the potentially harmful abortion tips to international elections to Russia’s invasion of Ukraine, the app has been criticized for not doing enough to combat it. Google has also been criticized for how its algorithm can highlight misinformation, such as suggesting “fake” abortion clinics.
With TikTok’s growing popularity, Google must contend with how to capture Gen Z’s attention as they try to retain that audience. And TikTok, for all its problems, has helped communities come together to inform people about topics ranging from autism diagnoses for women to astrological terms to LGBTQ+ information. Suggestions get local, too, with Los Angeles residents sharing free things to do downtown, vintage stores to shop at and museums to visit—succinctly providing recommendations with flashy videos.
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Kristin Snyder
Kristin Snyder is dot.LA's 2022/23 Editorial Fellow. She previously interned with Tiger Oak Media and led the arts section for UCLA's Daily Bruin.
https://twitter.com/ksnyder_db
🔦 Spotlight
Executives in the media and entertainment industry are betting that AI can be a positive force by augmenting human creativity in addition to increasing efficiency. These companies range from brand new startups like Strada, an AI-enabled cloud platform with tools for production and postproduction to more established AI-powered companies including Invisible Universe, developing family friendly franchises on social media, and Toonstar, developing irreverent adult franchises on web3. This is not to mention the incumbent Hollywood studios who are snapping up AI talent while their hands are full with a striking workforce worried about AI.
We had the opportunity to delve into how ToonStar uses AI and web3 to create community-driven franchises.✍️🤝🤖
🏃♀️ Quick hits
The Founder: John Attanasio and Luisa Huang are both Hollywood veterans. Prior to launching Toonstar, John spent nearly fifteen years developing franchise properties and driving innovation at Warner Bros. and DreamWorks where he held roles in marketing, business development, digital content creation and tech commercialization. Luisa also spent over a decade at entertainment behemoths such as Disney and Warner Bros. holding a variety of roles in strategy, consumer products, business development, and digital content creation.
The Company: Today, Toonstar is an interactive story studio focused on creating entertainment franchises through community-driven storytelling. In essence, it bridges the creative minds in the writing room with everyday fans, inviting them to actively participate in the content creation process. This unique process is made possible through technology, namely Web3, blockchain, and AI.
LA Connection: Toonstar is headquartered in Los Angeles and is deeply integrated with the Los Angeles entertainment ecosystem given the extensive industry experience of its founders.
Toonstar, founded about eight years ago by Disney, Warner Bros., and Dreamworks veterans John Attanasio and Luisa Huang, operates as an interactive story studio. Its main focus is on building entertainment franchises through community-driven storytelling. Essentially, Toonstar connects writers with everyday fans, allowing them to actively participate in content creation. This unique collaboration is made possible through technology, including Web3, blockchain, and AI.
The Role of Blockchain and NFT in Franchises:
Toonstar uses blockchain technology and NFTs (Non-Fungible Tokens) as a key part of its approach. They distribute NFTs representing characters in their franchises to the community. NFT owners can then shape their character's backstory, with more NFTs giving greater voting power in deciding the story's direction. The creative process at Toonstar is similar to traditional studios, where writers create scripts for each episode. However, there's a twist - each episode ends with a cliffhanger, and the community decides what happens next. These choices are presented for voting, sometimes with full creative freedom. Toonstar's machine learning tools facilitate this interaction, blending fan input with professional storytelling seamlessly.
The Role of AI in Franchises:
At first, AI mainly sped up episode creation behind the scenes. But gradually, it moved beyond that and became part of the community-facing aspect. In "Space Junk," Welbecca became the first AI-voiced character, serving as both a character and a tool to help NFT owners develop their characters and stories.
The upcoming Toonstar franchise, "Fortun3," goes even further in integrating AI. It includes an AI-powered simulation game that blends with the episodes, adding a real-time dimension to the storytelling, coinciding with the FTX trial.
Exploring Toonstar's Franchises:
Toonstar has made its mark with past franchises like "The Gimmicks" and "Space Junk." "Gimmicks" was the first interactive TV series in the Web3 realm, co-produced with Mila Kunis, featuring a comedic storyline about wrestlers. "Space Junk," created by Dominic Russo, explored humor among space garbage collectors.
Toonstar is not oblivious to the fact that anything related to blockchain is out of favor with the public, in fact, it is the subject of their next franchise. "Fortun3" is inspired by the FTX implosion, mixing elements of "South Park," "Silicon Valley," and "BoJack Horseman," and will feature T.J. Miller from "Silicon Valley."
While entertainment titans are in the midst of a hiring frenzy still trying to grapple with how best to incorporate generative AI into their business practices, Toonstar is one of many creative businesses driving progress by innovating their way past the enormous barriers to entry in standard production companies. As the entertainment industry evolves, Toonstar's dedication to inclusivity and innovation is creating opportunities for new voices and unique storytelling experiences. 🎭🎬🌟
Want to invest in real estate but don’t have the time or money to buy and manage a whole property?
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/77f2224f-4273-4ebf-a665-2af598773564/rectangle1.png)
Investors are flocking to Arrived, a Jeff Bezos-backed real estate investing platform that even Zillow Co-founder Spencer Rascoff loves using. It's a beautiful app and web platform that already has over 353,000 people who have invested over $100M in real estate properties. We don't blame them - Arrived takes the guesswork out. You just:
- Browse expert curated vacation rentals and long-term rentals (only <0.2% of properties pass their expert diligence process before being offered to you)
- With just a few clicks, select the properties you like and invest anywhere from $100 to $50,000+ per property
- Sit back while Arrived takes care of the management and operations for you. Simple.
Real estate has outperformed the S&P 500 over the past 20 years as an asset class - but it's not easy to get into. Arrived's seamless platform fixes this. So what's stopping you from becoming a real estate mogul?
🤝 Venture Deals
LA Startups
- Afterparty, a fan connection and monetization platform for creators, raised a $5M Funding Round led by Blockchange Ventures, joined by Acrew Capital, Act One Ventures, Tamarack Global and Wilson Sonsin. - learn more
- Bevz, a software platform for independently operated and small chain liquor/convenience stores raised a $3.1M Funding Round led by Dynamism Capital and Golden Section Ventures with participation from Stage 2 Capital, Hustle Fund, Bridge Investments, Tiller Partners, Irish Angels and others.- learn more
- Gametree, a cross-platform gamer social network and universal gamer login system, raised a $1.75M Seed Round. - learn more
- Estate Media, a personality driven real estate media company, raised a $1.65M Funding Round from investors including Powerhouse Capital, Upstate Shredding CEO Adam Weitsman and others. - learn more
LA Funds
- WndrCo participated in a $100M Series B for Writer, a three-year-old San Francisco startup that uses LLMs trained on extensive online text datasets to improve corporate content creation. - learn more
📅 LA Tech Calendar
Friday, September 22nd
- LA Tech Wind-Down 🗽- Join Startup Coil and The KINN Friday evening in Venice for an alternative to the mid-week happy hour for networking, chill vibes, and functional non-alcoholic libations.
- HackSC Presents: USC Hack Night #1 🗽- Join others in tech and tech-adjacent fields Friday night on USC’s campus to hear from USC's AI Collective, Capture the Flag (CTF) team, and a surprise special speaker.
- Climate Night: Activity + Mixer 🗽- Join Climate Designers, Climate Collective, andTerra.do in Glendale for an exciting evening of fun and connection at Climate Night: Activity + Mixer!
Monday, September 25th
- Tech Networking - Studio City🗽 - Join other tech enthusiasts at an exceptional gathering, attracting diverse professionals from all corners of the tech industry, including investors, founders, marketers, sales experts, engineers, and more.
Wednesday, September 27th
- Investor & LP Only Poker Evening - Step into a world where strategy, decision-making, and calculated risks converge in the form of a poker tournament designed exclusively for investors and fund LPs. This investor only event in Santa Monica is hosted by Expert Dojo, Incisive Ventures and Pitbull Ventures.
Thursday, September 28th
- Starburst's SoCal Aerospace Community Mixer🗽 - Join the Starburst Aerospace team Thursday night in Hawthorne for some BBQ, beverages, and vibrant conversation with our local aerospace & defense community of partners, investors, founders, portfolio companies, and ecosystem players!
- Founders Pack: Wolves Hunting Unicorns Summer Startup Pitch & Gaming Bash - Join Founders Pack Thursday night in the Arts District for their Summer Startup pitch and gaming bash for founders & investors from pre-seed to series a startups.
- AI x Creativity: Unlocking Creative Potential - Join others interested in AI in Santa Monica Thursday evening at an event exhibiting interactive AI entertainment pop-ups and a panel discussion lead by director of creative consulting at Designworks LA, Paul Ferraiolo, about how AI can amplify the role of the creative.
🗽 - Free
📙 What We’re Reading
- Deloitte AI Institute's new Generative AI Dossier reveals key business-ready use cases for Generative AI Deployment. - read more
- See how compensation at startups has changed significantly in 2023 in Carta’s State of Startup Compensation, H1 2023 Report. - read more
- Listen to (or read) an engaging conversation between Minnie Ingersoll, Partner at TenOneTen, and Adrian Fenty, founding managing partner at MaC Venture Capital and former mayor of Washington, DC. In this episode, Adrian dives into the intersections of government and technology. - listen here
Read moreShow less
Christian Hetrick
Christian Hetrick is dot.LA's Entertainment Tech Reporter. He was formerly a business reporter for the Philadelphia Inquirer and reported on New Jersey politics for the Observer and the Press of Atlantic City.
VENN's Quest to Be the MTV of the Gaming Generation Starts Today
05:45 AM | August 05, 2020
Helmed by gaming industry royalty and financed by a who's-who of gaming investors, the Video Game Entertainment and News Network (VENN) launches Wednesday. The free, ad-based network features live, 24/7 coverage on its website and a range of social media and connected-TV platforms.
VENN's home base is Playa Vista Studios in Los Angeles, where it boasts five sets comprising over 8,000 square feet. It will also broadcast out of New York City. The programming slate will include a variety of original content covering gaming, esports and music.
Welcome to VENN (Official Launch Trailer)www.youtube.com
VENN's co-founders and co-CEOs both have extensive backgrounds in gaming, which they've seen grow to a $150 billion industry. Ben Kusin's father co-founded Babbage's in 1984, an early video game retailer that eventually went public as GameStop. The younger Kusin worked at Electronic Arts and Vivendi Games before moving full-time into entrepreneurship and angel investing.
His partner, Ariel Horn, is a 4-time Emmy winner and considered one of the pioneers of esports, having applied lessons from his days at NBC Universal to his role as head of esports content at Riot Games. Horn has also developed esports projects for Blizzard Entertainment and Justin.tv, which would become Twitch.
In 2019, Kusin pitched his idea for a gaming-centered network to Riot Games co-founder Marc Merrill, who told Kusin that Riot's former head of production – Horn – had just pitched him on virtually the same concept. Merrill suggested that Kusin go meet Horn before he headed back to New York.
Ben Kusin (L) and Ariel Horn are VENN's co-founders and co-CEOs
"I went to the W in Hollywood," Kusin told dot.LA. "He was there taking another meeting, and he came over and I said 'Marc said we should meet.' We decided to lay out our own visions. I had mine; he had his. We were on the same track and we decided to start it."
VENN went on to raise $17 million in seed funding. Bay Area gaming fund BITKRAFT led the round, which also included Merrill, Irvine-based Blizzard Entertainment's co-founder Mike Morhaime, Twitch co-founder Kevin Lin, Kroenke Sports (owner of the L.A. Rams and two L.A. esports teams, among other holdings), Beverly Hills-based family office Lifeline Financial Group, and L.A.-based investment group aXiomatic Gaming.
VENN wants to be the MTV of the gaming generation
The founders are captivated by the possibility of becoming the "MTV of this generation." They view gaming as a culture and lifestyle that has become ubiquitous among young people.
"Asking if someone's a gamer is like asking if they eat lunch," Kusin said. "It's hard for generations that didn't grow up in a gaming- and digital-first world to understand... Lots of young people derive their identity, validation and social circles from gaming."
"You create content that that audience wants and you build organic fandom," said Horn, "and we think that's the future of entertainment."
The Playa Vista studio is bedecked with over 1,000 square feet of LED tiles, a trove of fiber cables to beam gaming content from a variety of consoles both in-studio and remote, and a set that replicates what gaming streamers "are doing out of their bedrooms, so it should feel comfortable to them," Kusin said.
Some of VENN's shows are meant to embody the at-home vibes of gaming streamers
The control room allows the production team to operate cameras remotely, and the entire facility is an "NBA-style bubble." The company credits the many preventative measures with helping its staff stay COVID-free, despite an intense rehearsal and preparation schedule ahead of the launch.
Kusin described the VENN team of 70 full-timers and 70 or so additional production contractors as nimble and agile in a way that traditional networks cannot be.
"We're doing shit that networks would die to be doing right now," he said.
Among other shows, "VENN Arcade Live" is a daily variety show that celebrates "all things gaming and pop culture," hosted by James 'Dash' Patterson, who on Tuesday signed with talent agency CAA. "Guest House" is a two-hour program hosted by singer Chrissy Costanza that will bring in guest creators to "choose their own adventure" — which could include making food, building legos, or singing karaoke. And "The Sushi Dragon Show" is a talk show hosted by the eponymous streamer, who Kusin describes as "like Eric Andre on crack" (which, if you've seen Eric Andre, is saying something).
The Sushi Dragon Show Starring TheSushiDragon (Official Trailer)www.youtube.com
---
Sam Blake primarily covers entertainment and media for dot.LA. Find him on Twitter @hisamblake and email him at samblake@dot.LA
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- Gaming Became One of the Hottest Form of Entertainment - dot.LA ›
- Venn No Longer Wants to Be MTV for the Gaming Generation - dot.LA ›
- Elysian Park Ventures' Cole Van Nice On the Future of Sports - dot.LA ›
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Read moreShow less
Sam Blake
Sam primarily covers entertainment and media for dot.LA. Previously he was Marjorie Deane Fellow at The Economist, where he wrote for the business and finance sections of the print edition. He has also worked at the XPRIZE Foundation, U.S. Government Accountability Office, KCRW, and MLB Advanced Media (now Disney Streaming Services). He holds an MBA from UCLA Anderson, an MPP from UCLA Luskin and a BA in History from University of Michigan. Email him at samblake@dot.LA and find him on Twitter @hisamblake
https://twitter.com/hisamblake
samblake@dot.la
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