DENVER — As far as chief content officer Adam Lewinson is concerned, Tubi bridges the gap between YouTube and Netflix, the industry’s two dominant streamers. The service is free, but the content is premium.
That’s the upshot of the June 11 keynote presentation at the StreamTV Show here called “Tubi Ushers in the Era of Niche TV,” in which Lewinson was interviewed by Julia Alexander, the media correspondent for Puck News.
Tubi, of course, is one of the streaming industry’s biggest, though mostly unsung, success stories. The latest report from Nielsen’s The Gauge shows Tubi with around 2% of the TV viewing audience, a higher share than Peacock, Max and Apple TV+.
Asked to explain this success, Lewinson said, “I can probably break it into three different pieces that make up the flywheel. One is I think at Tubi, we’ve always had a very clear vision about the future of television. We have always believed that the future of TV is going to be free and on demand.
“That’s what we’ve been building, and now, as you’ve been seeing in the trends, free TV is having a moment, which is kind of funny because the history of television is mostly free, right, with the pay tier being maybe 10% to 15% of the ecosystem.”
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Another factor, said Lewinson — the former Fox, FX, and Crackle executive who joined Tubi in 2017, three years after its launch — “is really just understanding that our culture is no longer truly a monoculture. Unless it’s live sports, unless it’s live news, everything is fraction-wise. And so to do that you have to hyper focus on personalization, and making sure that your viewers are watching what’s really relevant to them. The thing I feel in the era of streaming is almost undervalued is really your brand, what you represent, you know, in a sea of sameness, so many streamers all kind of look and feel the same, but at Tubi we’ve been hyper focused on being youthful, being energetic, being edgy, and definitely being different. And that’s certainly true in our programming. It’s also true in our brand and in how we show up in the world, the Super Bowl ads, what we run, and all of those types of things.
“So I think if you roll that together, that’s really our approach to the AVOD side, really the free TV side, of streaming.”
Alexander noted that pundits like to say we’ve moved past the era of peak TV and are now in the era of niche TV.
Asked for his thoughts, Lewinson said, “Let’s go back to the era of peak TV. As you know, I was at FX for a decade, so I got to learn firsthand from John Landgraf, the CEO who popularized the concept of Peak TV with a sense that there was just too much and that the bubble was coming. So the bubble has burst, and it has certainly had a big economic impact on our business, on Hollywood, and on streaming. But the other side of it, too, is viewers have reacted to peak TV — and unless there are, and there still are, obviously, some big, outsized hit shows, it really is more niche. People are watching what’s within their own fandom.”
Lewinson noted that one of the biggest misconceptions of the term “niche” is that it means small.
“And sometimes niche is small, right?” he said. “But certainly for Tubi, we’ve had pieces of content that speak to a more narrow audience, let’s call it a fandom, but they are still massive successes, and that’s the opposite of niche. So I think we’ve really gone from the era of peak TV to the era of personalized TV. It’s really just what do you want to watch when you go home on your couch? Is it comedy or drama? Is it horror? Is it true crime? Is it Bravo content? And anything in between.”
The topic of YouTube then came up.
“You can’t avoid it, and you also can’t underestimate their success — and kudos to their team. They’ve done a stellar job, and if you follow Nielsen’s The Gauge, they’re the No. 1 streamer…. If you think about YouTube, they have nearly endless user-generated content for free, primarily short form. If you look at the other major player, Netflix, right, Netflix is premium entertainment behind a paywall.
“And where we seem to be in this ecosystem is somewhere in between. Tubi is the home of free premium entertainment. So we are long-form movies and series similar to Netflix, to a lot of Hollywood content, a lot of indie content, original content. But, more similar to YouTube, we’re completely free, and we have this massive library of 275,000 movies and TV show episodes. And if you roll all that up, it’s got that scale where you can really hyper personalize. And so it’s really core to our team that we focus on that side of the business.”
The moderator noted that Tubi, too, has been experimenting with user-generated content, working with creators like TikTok sensation Noah Beck, who stars in the Tubi original movie Sidelined: The QB and Me, released last year and still Tubi’s most-watched original ever. A moment from the movie went viral, “and that kind of engagement just creates an exponential effect,” Lewinson said. “We’ve already filmed the sequel, to be premiered at a date TBD.
“But that really let’s you know a lot about our creator strategy. We’re not in short form, we’re not in UGC, we’re not looking to just replicate what others are doing on YouTube, because Tubi is a different platform. So as a programmer, you always have to understand your platform, you have to understand your audience, and you have to know really well what your audience wants to watch and what they don’t.
“A few people in this room probably have heard me talk about my feelings about FAST channels, the linear side of the business. And I’ve always had a counter narrative of, I don’t think that’s going to work well on Tubi, and we were very late in the game to adding those channels.
“That’s now 5% of our ecosystem. It’s not going to get to 10%. And it’s really just that I know who our viewers are. I know what they want to watch. And since our viewers are younger than most streamers, they’re not interested in linear. They don’t want to watch a feed. They don’t want to watch a movie that starts in the middle. They want to go to the beginning. So a lot of that is really just understanding where your audience is.”
According to Lewinson, “there’s an intersection between the creator economy and Hollywood, and it’s a lane that we’re investing in heavily. We announced another project with Chase Hudson, who’s another huge creator on TikTok. He is starring in a movie for us, as well. So we’re going to continue to do those types of things, which I think are very different than what people are doing on YouTube.”
Lewinson said Tubi does plan on stepping up its involvement with original content. In addition to the Sideline sequel, he said, “We’ve announced a Gen Z young adult slate of original movies that are going to come out at a more consistent cadence.”
“Originals, we have found, are a great way to bring in new viewers,” he said. “They’re also a great way to retarget viewers and bring them back into our ecosystem. And one more quick thing on that. A part of the programming strategy at Tubi — or really any free streamer — you have to understand that you’re optimizing for engagement. If a viewer is not watching content on Tubi, they’re not watching ads, they’re not making money.
“If I’m in SVOD, I’m really more focused on churn. And that’s a very different way to approach programming, because if people don’t churn but they’re not watching and you’re still making money, that’s fine. That’s not a bad transaction. So, with that, we always have to focus on hyper engagement through all of the different audience segments that we focus on.”
In addition to targeting Gen Z viewers with a young adult slate of movies, Tubi has launched a new feature called “Scenes” that lets users browse and watch 60- to 90-second clips of movies and shows available on Tubi. This feature, accessed through a tab on the Tubi mobile app, allows users to browse and watch 60 second to 90 second clips of content available on Tubi. Users can “like” clips, save them, or tap “Watch” to view the full movie or show.
“It’s a phone culture, and what we’re doing is just modeling after Gen Z behavior in a way that’s very Tubi,” Lewinson said. “And it has proven to create that flywheel effect of, ‘Oh, yeah, that’s a really cool scene from “Buffy.” I am going to come back and watch it.'”
The moderator closed the keynote by asking Lewinson, “What is the biggest misunderstanding about Tubi?”
His response: “That it’s impossible to have premium and free. Those two things don’t go together. I think we’ve proven that those two things do go together quite well, and then it creates this flywheel. And once you get that flywheel going, you can do premium entertainment, and Hollywood gets more and more interested in your platform. So, for instance, one of the things I’m most excited about that we rolled out at the Upfronts is an original adult animated series called ‘Breaking Bear,’ where our cast is Brendan Fraser, Sarah Michelle Gellar, Josh Gad, Elizabeth Hurley, Annie Murphy, and they love the material. They’re so phenomenal in this show, and I think 10 years ago, if I had said, ‘Hey, Tubi’s going to have a show with these people,’ I would have been told that’s not possible because you’re free.
“We’ve really proven that the business model works, and that you can create amazing content that creates amazing engagement for viewers and advertisers.”
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