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Creator Startup Jellysmack Buys YouTube Analytics Firm AMA Digital
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.
Creator economy startup Jellysmack has acquired AMA Digital, a Chicago-based YouTube analytics company, for an undisclosed amount.
Jellysmack said Tuesday that it will use AMA’s data analytics to boost its creator program, which helps roughly 500 content creators grow their audiences and revenues. The company, which has more than 120 employees in Los Angeles and partners with over 80 L.A.-based creators, uses A.I. technology, proprietary data and video editing tools to optimize and launch videos on YouTube, TikTok, Snapchat and other platforms.
“We believe Jellysmack offers the best tech stack available in the creator economy, and the acquisition of AMA will further strengthen our core product to better serve our creator partners,” Michael Philippe, Jellysmack’s co-founder and co-CEO, said in a statement.
Founded in 2019 by Mateo Price, Chicago-based AMA claims to use proprietary data and technology to help YouTubers increase their revenue and viewership. The company says it has generated millions of dollars in incremental revenue for its creators—including popular YouTubers Jesser, Ali Abdaal and Dylan Lemay, among others—who collectively have 60 million subscribers. As part of the deal, Price will join Jellysmack as director of YouTube development.
In addition to enhancing its creator program, Jellysmack said AMA’s platform will help with its catalog licensing business, as well. In January, the company announced it would spend $500 million to license the monetization rights to YouTube creators’ back catalogs. The business of YouTube catalogs as lucrative assets has quickly gained ground, with L.A.-based Spotter also offering upfront payments to license YouTubers’ libraries.
Founded in 2016, New York-based Jellysmack’s most recent funding round, announced in May 2021, was led by Japanese investment giant SoftBank. While the startup did not disclose the size of the investment, PitchBook data indicates that Jellysmack raised $950 million at a $3 billion valuation. (A company spokesperson would only disclose the startup’s valuation as over $1 billion.) Jellysmack claims its managed content generates 10 billion global monthly video views and reaches 125 million unique U.S. users. Its roster of creators includes YouTubers like MrBeast, PewDiePie and Karina Garcia.
The AMA deal is Jellysmack’s second-ever acquisition, following the November purchase of A.I. video editing technology company Kamua.
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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.
TikTok’s Demanding Work Culture Is Under More Scrutiny
12:44 PM | May 06, 2022
Image by Shutterstock
More TikTok employees have spoken out about the social media firm’s demanding work culture—criticizing the company for pressuring them to work long hours that ate into their work-life balance.
Several former TikTok employees told the Wall Street Journal that managers at the video-sharing app urged them to work through evenings and weekends, resulting in increased stress, anxiety and health issues. The U.S.-based employees—many of whom worked out of TikTok’s U.S. headquarters in Culver City—noted that they were often obligated to attend meetings during typically non-work hours with colleagues in China (TikTok is owned by Beijing-based tech firm ByteDance) and respond to messages at all hours.
Multiple former employees told the WSJ that they averaged 85 hours of meetings per week at TikTok and often had to start their workweek on Sunday afternoon, in order to sync with Monday morning meetings in China. That and the company’s high productivity expectations led to sleep deprivation and weight fluctuation for some.
The pressure to match international schedules ramped up last year after TikTok replaced Los Angeles-based interim CEO Vanessa Pappas with Singapore-based Shou Zi Chew, the WSJ noted.
TikTok’s booming popularity in recent years made it the world’s most visited website in 2021, with over 1 billion monthly active users—momentum that the app has carried into 2022 as the world’s most downloaded app in the first quarter, according to digital analytics company Sensor Tower.
But as TikTok has grown, the demanding work culture inside the company has prompted several employees to speak out. Last month, ex-TikTok account director Pabel Martinez said TikTok was pushing its U.S. employees to channel China’s “996” work culture, referring to demands that they work from 9 a.m. to 6 p.m., six days a week.
In a statement to the WSJ, a TikTok spokesperson said the company is “committed to building an equitable platform and business that allows both our community and our employees to thrive.”
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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
LA Tech Updates: Instagram Launches TikTok Competitor
02:05 PM | August 05, 2020
Here are the latest updates on news affecting Los Angeles' startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for more.
Today:
- Instagram Launches TikTok Competitor, Reels
Instagram Launches TikTok Competitor, Reels
Instagram Reels
Reels, the Instagram video-sharing product to rival TikTok and Triller, launched Wednesday in 50 countries including the U.S.
Reels lets users create short-form edited videos with filters, all set to music. Creators can share them with their followers or, on public accounts, make them widely watchable through Instagram's explore page.
Reels represents Instagram's latest attempt to draw in users loyal to apps like TikTok, the Culver City-headquartered company that's in talks with Microsoft for a potential sale after President Trump threatened to ban it in the U.S.
In a recent blog post promising more transparency, TikTok's CEO called Reels a "copycat product."
Before Reels, Facebook — which owns Instagram — tried its hand with Lasso, a similar product that shut down in early July.
YouTube is planning to release its own TikTok rival, Shorts, by the end of the year. The feature would also let users upload video featuring licensed music from YouTube's catalog.
Triller is another app that has seen user interest rise as TikTok hits headwinds. The company saw a massive uptick in users after India's prime minister banned a slew of Chinese apps including TikTok in June.
"Instagram is excited to see how the community gets creative with Reels and for members to discover + break a whole new generation of Instagram talent," the company said in a statement.
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Francesca Billington
Francesca Billington is a freelance reporter. Prior to that, she was a general assignment reporter for dot.LA and has also reported for KCRW, the Santa Monica Daily Press and local publications in New Jersey. She graduated from Princeton in 2019 with a degree in anthropology.
https://twitter.com/frosebillington
francesca@dot.la
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