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Footlongs for life. Hey, FutureParty people. Quick question: how much would you have to be paid to legally change your name to “Subway” — $10,000? $25,000? Unlimited free sandwiches? If you answered the latter, well, you’re in luck. For its latest promotion, the fast food chain will award one person a lifetime supply of footlongs (or $50,000 worth of gift cards) for doing just that. The sweepstakes starts today, but like anything else, make sure to read the fine print. This could be your new identity, after all.

In other news… Disney gets the band back together, data drives everything at Netflix, and sonic identities replace corporate jingles.

Top Trends

YouTube → Loki

Google → Paul Reubens

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ENTERTAINMENT

Back in the gates // Illustration by Kate Walker

Iger brings back past leaders of the Mouse House

The Future. Disney is potentially bringing back former C-suite execs Kevin Mayer and Tom Staggs to help figure out the company’s next steps for its linear TV channels — assets that CEO Bob Iger recently revealed could be up for sale. While that’s significant in and of itself, it’s even more interesting when considering Iger’s mandate to name a successor. But with Mayer and Staggs still in the beginning stages of creating their own empire with Candle Media, it’s possible Disney may need to acquire that company to trap the mice permanently.

Big cheeses
Disney is getting some fresh help from some old friends.

Staggs (who was Disney’s former COO, CFO, and head of parks) and Mayer (who spearheaded the creation of Disney+) were both at one point the heir apparent to Iger’s throne before getting snubbed (Staggs for another Iger contract re-up and Mayer for Bob Chapek). With Iger’s main priority being finding a successor (again), both men are potentially in pole position for another shot at the Mickey-eared crown.

But both Disney alums still co-run the Blackstone-backed Candle Media, which has been on an M&A tear over the past two years as they build a company that wants to be at the intersection of “content, community, and commerce.”

Come to think of it, that sounds a bit like Disney

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ENTERTAINMENT

The gears behind the platform // Illustration by Kate Walker

Netflix’s algorithm programs endless watch

The Future. Netflix’s underlying technology is a huge part of what has made the company so successful, with the platform able to pinpoint everything — viewership, taste, viewing habits — from every one of its users. And Netflix can’t hide that anymore, which is why the streamer has become the poster child of the writer’s and actor’s war for proper compensation in the streaming age. And with AI soon to become a part of the company’s operations in a much larger way, the data collected today may soon seem basic.

You’re always watching
Netflix’s head of content, Bela Bajaria, says, “Algorithms don’t decide what we make.” Maybe so… but they seem to decide what the company keeps making.

  • Netflix’s algorithm knows every movie and TV show you’ve engaged with, how long you watched, where you were when you watched, and on what devices.

  • The company’s insights have also determined why users started watching a title based on how they navigated the platform, what they searched, and what they clicked on.

  • It even tries to juice viewership by changing home-screen recommendations, thumbnails, and previews for individual subscribers based on those insights.

  • That data has a major impact on what types of movies get greenlit and what kinds of shows get renewed for additional seasons — with a key data takeaway being that newer shows drive sign-ups more than returning ones.

All of that to say — when Netflix proclaims it can’t figure out a viewership-based metric for residuals (a big sticking point for striking writers and actors), that may be hard to justify. Data is leverage… and in an industry where leverage is the foundation of a good deal, it’s everything.

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A Banksy got everyday investors 32% returns?

Mm-hmm, sure. So, what’s the catch?

We know it may sound too good to be true. But thousands of investors are already smiling all the way to the bank, thanks to the fine art investing platform Masterworks.

These results aren’t cherry-picking — this is the whole bushel. Masterworks has built a track record of 14 exits, including net returns of +17.6%, +21.5%, and +35.0%, even while financial markets plummeted.

But art? Really?

Okay, skeptics, here are the numbers. Contemporary art prices:

  • Outpaced the S&P 500 by 131% over the last 26 years

  • Have the lowest correlation to equities of any asset class

  • Remained stable through the dot-com bubble and the 2008 crisis

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See important disclosures at masterworks.com/cd.

MARKETING

You can already hear it // Courtesy of McDonald’s

Brands search for sonic signatures

The Future. Replacing last century’s full-song jingle is the handful-of-notes sonic signature — a distinctive, catchy tune that creates subconscious brand recognition. Our days are filled with these sounds, so every organization wants one that rises above the white noise. But with signatures being so brief, we may realize decades from now few have the same staying power of the blunt instrument that was the classic jingle.

Jingle no more
WaPo’s Michael Andor Brodeur breaks down the rise of brand earworms.

Crafting these signatures is part art, part science. When the Mellon Foundation (a nonprofit) was developing theirs, they used a handful of notes from 20th-century composer Florence Price.

Vanessa Corrêa, Mellon’s chief communications officer, said they tested several options and found the final product’s “cadence of the melody, the way it ends on an up note [were] very deliberate choices to feel optimistic and forward-looking.”

In other words, the bop needs to communicate the entire vibe of the brand.

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Highlights

The best curated daily stories from around the web

Media, Music, & Entertainment

  • As “Barbenheimer” continues its box office dominance, AMC Theatres CEO Adam Aron tweeted July 21st to 27th was the highest-grossing week in the chain’s 103-year history. Read more → variety

  • Over 100 independent projects have been made eligible for SAG-AFTRA’s interim agreements to continue shooting or casting, which SAG leadership has deemed “vital” to their strike position… but their existence has still upset many actors. Read more → deadline

  • Barack Obama’s end-of-year favorite lists are a big boon to viewership and streams, but they’ve also elicited some laughs for his broad, mainstream tastes. Read more → wsj

Fashion & E-Commerce

  • Amazon wants Prime to get you your packages even faster by doubling its number of same-day delivery warehouses. Read more → bof

  • Rising inflation rates mean depressing demand for Rolexes and other luxury watches on the secondary market. Read more → insider

  • adidas re-upped its 10-year shirt sponsorship deal with soccer club Manchester United for a record $1.2 billion. Read more → bof

Tech, Web3, & AI

  • Before the SEC sued Coinbase, it asked the exchange to delist every cryptocurrency but Bitcoin — a move that would essentially end the crypto industry in the US. Read more → insider

  • The Russian propaganda machine has invaded Roblox and Minecraft to win over avatars’ hearts and minds. Read more → nyt

  • Whoops: OpenAI says its tech can’t pinpoint text that its own AI has generated. Read more → insider

Creator Economy

  • Reels is reporting 140 billion daily views — quickly catching up to TikTok’s 200 billion. Read more → tubefilter

  • Bye, tweets: we’re apparently calling them “posts” now. Read more → theverge

  • JoinBrands is partnering with TikTok to let brands pay to transform trending videos into official ads. Read more → tubefilter

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Today’s email was written by David Vendrell.
Edited by Nick Comney. Copy edited by Kait Cunniff.
Published by Darline Salazar.

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