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Illustration: Rebecca Zisser / Axios

New players are taking on Google and Facebook in the ad-supported video space in an attempt to break down what has been an overwhelming dominance by those two companies.

Why it matters: "Video is the thing that will ultimately chip away at the duopoly," says Mike Kelly, former President of AOL Media Networks and current CEO of Kelly Newman Ventures. "Walled gardens are brought down by movements like this. Massive fragmentation in the digital video space has created an opportunity for other companies to take advantage of strong demand and lack of supply."

  • Amazon is developing an ad-supported video streaming service, per Ad Age. "To get its new effort off the ground, Amazon may share both audience information and ad revenue, even linking payments for content to the number of hours people watch it, executives familiar with the conversations say."
  • Twitter has launched dozens of ad-supported live video sponsorships ranging from news shows to entertainment shows to sport highlights. In Q3, it streamed more than 830 events (up from 625 in Q2), with 74% of those reaching a global audience. Those videos are supported by ad revenue, and Twitter says engagement with video ads is up 99% year over year.
  • Musical.ly, an ad-supported lip-syncing video app, was bought by Toutiao, a Chinese personalized news app, last week. Musical.ly is one of the first big Chinese social apps to gain traction in the U.S. As Recode's Peter Kafka points out, "It may be the most successful video app not owned by an internet giant like Facebook or Google."

For many of these platforms, selling brand-safe video content has become a sticking point in competing for premium video dollars.

  • Oath, a conglomerate of media brands formed under Verizon, launched its first ad campaign around brand safety specifically. ""I think the days of scale without trust, scale without brand are waning," Oath chief marketing officer Allie Kline told AdWeek.
  • TrustX is also building momentum, per Business Insider's Mike Shields. "Media players ranging from CBS, to ESPN to Hearst and News Corp. are pooling together their ad space. The vision is to create a centralized digital outlet where ad buyers can find the best, safest, places to run their ads outside of the Google and Facebook domain."

Sound smart: Google and Facebook's overwhelming grip on digital advertising won't be seriously threatened for a long time, but as video becomes more democratized, those companies will have to fend off competitors more aggressively than ever before.

Go deeper

2 hours ago - Politics & Policy

Manchin's massive means test

Illustration: Aïda Amer/Axios

Sen. Joe Manchin (D-W.Va.) is offering progressives a trade: He'll vote for their cherished social programs if they accept strict income caps for the recipients, people familiar with the matter tell Axios.

Why it matters: Manchin’s plan to use so-called means-testing for everything from paid family medical leave to elder and disabled care would drastically shrink the size and scope of the programs. It also would bring a key moderate vote to the progressive cause.

The China whisperer

Nick Burns. Photo: Chen Mengtong/China News Service via Getty Images

President Biden's nominee for ambassador to China will face aggressive questioning Wednesday about the most important, and potentially perilous, bilateral relationship in the world.

Why it matters: While Nick Burns is an experienced diplomat with support on both sides of the aisle, lawmakers want to use his confirmation hearing to force the administration into some tough positions on China.

Jan. 6 committee recommends contempt charges against Bannon

Steve Bannon. Photo: Stephanie Keith/Getty Images

The House select committee investigating the deadly Jan. 6 Capitol riots unanimously approved a resolution Tuesday night recommending that former Trump aide Steve Bannon be held in contempt of Congress for refusing to comply with a subpoena.

Why it matters: The resolution sets up a House vote to refer Bannon for potential criminal prosecution, signaling that the committee will not tolerate attempts by former President Trump and his associates to stymie the investigation.