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It’s Thursday, Future Party. Want to know just how impactful a viral trend can be on a brand’s sales? Look no further than Guinness — the Irish beer that’s been around since 1759. The challenge of “Splitting the G” in an official Guinness glass on your first sip has led to a 17% sales uplift and consistent double-digit revenue growth. Demand is so hot to show off the sip skills that Guinness is now building a second brewery to keep up. Suddenly, we’re very thirsty.
DAILY TOP TRENDS
YouTube – Spinal Tap II
X
(Twitter)– John MulaneyGoogle – Lilo & Stitch
Reddit – Jeff Daniels
Letterboxd – Heart Eyes
Spotify – “Mega Circuit”
How Is In-Person Entertainment Doing Post-COVID?
Yesterday marked the five-year anniversary of the COVID shutdowns that consequently hobbled the entertainment industry. Looking at the state of it today, things have landed somewhere between “back to normal” and “cementing a new normal.”
The Big Picture: As the world reopened during the waning days of the pandemic, entertainment companies wondered if people would go back to doing things in person, or if the advent of streaming technology would keep them glued to the couch. Turns out, it’s a bit of both.
Behind the Scenes: It’s high time for an entertainment-industry physical. Here’s a health check, courtesy of NYT:
Film: Hollywood is in contraction mode. Compared to 2019, there are now fewer wide-release movies (94 vs. 112), fewer theater screens (35,481 vs. 41,172), lower overall grosses ($8.7 billion vs. $11.3 billion), and lower attendance (800 million vs. 1.3 billion).
Theatre: Broadway is surprisingly almost back to pre-pandemic business, with attendance this season at roughly 95% of what it was during the 2018-2019 season. This year is also the first time that 41 Broadway theaters have running shows.
Music: Superstar tours are powering the industry to new heights, spending a whopping $9.5 billion on the top 100 tours — 71% more than in 2019. But all that spending on the biggest acts is squeezing middle-class artists and the venues that play them.
Sports: Every major league has enjoyed an uptick in attendance, even beating 2019 levels. The NFL and the MLB lead the way — the former saw game attendance jump to 18.7 million from 17 million, and the latter increased to 71.3 million from 68.5 million.
The Future: So, what’s the prognosis? By and large, people still enjoy gathering IRL for their favorite movies, shows, concerts, and games. But they’ve become pickier about what gets them out of the house. They’ll attend blockbusters like Inside Out 2 in theaters opening weekend or spend whatever it takes to see Taylor Swift when she comes to town… but almost everything else is up for debate. The key to the industry’s long-term health may be in creating a sustainable infrastructure for more than just the biggest to survive.
Together with Kiswe
How Smosh Built A Direct-To-Consumer Comedy Empire
For years, the Smosh crew has ruled social media — pioneering YouTube comedy and shaping the creator economy as we know it.
Now, they’re taking things to the next level with Kiswe, delivering premium livestream events directly to their fans — no middleman required.
With Kiswe, Smosh gives fans access to:
🎟️ VIP experiences
📺 Premium content
Best of all, they keep full control over their audience and revenue, building a thriving community on their own terms.
That’s how you turn views into a sustainable empire.
Marc Lore’s Wonder Picks Up Tastemade
Growing food-delivery empire Wonder is acquiring food-centric media company Tastemade for roughly $90 million.
The Big Meal: While Wonder has the infrastructure to get anyone any meal, making the food go viral is another matter. By bringing in Tastemade as its in-house media specialist, the company hopes customers will eat with their eyes first, so they order even more.
Between the Dishes: Tastemade joins Wonder’s growing portfolio of acquisitions, including meal-kit brand Blue Apron and delivery platform Grubhub.
Tastemade, one of the last-surviving independent digital content studios, is famous for making short- and long-form food and lifestyle content.
With Wonder, the goal will now be for people to instantly order the dish they’re watching on their screen, according to CEO Larry Fitzgibbon.
The company is profitable, getting most of its revenue from advertising and doing bespoke marketing for brands. Wonder will now have access to that business across its entire portfolio.
Final Order: With Tastemade, Lore hopes to build an AI-driven mealtime “super app,” per WSJ. The ultimate goal is for the app to check your health through various diagnostics, allow you to set your health goals and budgets, and then autonomously “feed you breakfast, lunch, and dinner” based on that data. That would sure take a lot of thinking out of daily meals, giving customers more time to plan interesting new recipes from popular chefs… maybe the ones they see on Tastemade.
Together with The Motley Fool
Fortune Favors The Bold
Ever wish you could turn back time and invest in Amazon’s early days?
Well, here’s your second chance. The AI revolution is unfolding now, and those who act fast could reap massive rewards.
In The Motley Fool’s latest report, uncover:
🔍 Why experts call AI “the rocket fuel of innovation”
📈 A projected market cap 41x larger than Amazon’s
💡 How to position yourself for the next big wave
Don’t let hindsight be 20/20. Take control, embrace the future, and ride the AI boom.
Fortune favors the bold. Will you make your move?
DEEP DIVES
Read: Bloomberg profiles Disney parks chief Josh D’Amaro, who gives some interesting insights into the growing relationship between the Mouse House and Epic Games.
Listen: Odd Lots chats with ARK Invest head Cathie Wood about her bullish outlook on investing in AI.
Learn: Fast Company has collected six free LinkedIn courses that could help you shore up your resume and land your dream job.
73.4% of you voted Digital creators in yesterday’s poll: Who’s having a greater impact on entertainment right now (digital creators or Hollywood)?
“As a 25-year-old, I can’t say I’ve ever really tapped into the whole Hollywood thing. Digital creators account for 99.9% of my entertainment. Outside of a few classics, movies/shows just aren’t my jam.”
“Neither, to be honest, but def not Hollywood. They keep digging themselves into a hole. They think they can manipulate people, but those days are over.”
“I need the Hollywood ‘happy ending.’ It’s often not there in the independent projects.”
Let’s keep the conversation going. Join our Poll Of The Day newsletter, so your opinions can shine. Discover how your views line up with your peers’, check out cool insights, and have some fun. It’s data with personality.
QUICK HITS
→ Entertainment / Media
🎵 The LA Philharmonic is putting on a free concert at the Hollywood Bowl for people who fought or were directly impacted by the area’s recent wildfires.
🎮 Mike Verdu, the Netflix exec in charge of creating generative AI games for the streamer, has left the company.
📺 San Diego Comic-Con is going international with a new convention in Malaga, Spain, in September.
→ Technology
🛰️ NASA partnered with Irish satellite-intelligence startup Ubotica to launch an AI-powered satellite platform that can automatically process Earth insights from space.
🔋 The US power grid added 50 gigawatts of capacity for solar energy — more than any other type of power — last year.
👓 Google is in talks to purchase eye-tracking tech firm AdHawk Microsystems, revitalizing the company's smart-glasses ambitions.
→ Creator Economy
🍫 MrBeast now profits more from his Feastables brand than he does from his YouTube business, which operates at an $80 million loss.
📱 Snap is introducing AI Video Lenses, a set of AR filters powered by its in-house system, exclusively for Snapchat Platinum subscribers.
🤳 Best Buy is putting creator storefronts on its digital shelves, so influencers can curate product recommendations.
Let us know how we are doing...
PARTNERSHIPS | COMMUNITY | PODCAST | FRIENDS
Today’s email was written by David Vendrell.
Edited by Nick Comney. Copy edited by Kait Cunniff.
Published by Darline Salazar.