Microdramas are already big business in China, but can they make it in the States? The founders of Knockout Shorts, a new Hollywood studio, think they can.
“They always take these videos and photos in really exotic locations, and they basically say, ‘I've made all of this money, I took my private jet to this island somewhere,’” said Jason Koebler at 404 Media.
“When you're scrolling, chances are most of the things you're seeing are actually stealth paid advertisements,” said Lane Brown at New York Magazine. “You have no idea they are ads, but they are.”
From the BBC World Service: The Chinese owners of TikTok have signed a deal to sell the company's U.S. assets to a joint venture led by American investors.
In her new book, “Every Screen on the Planet: The War Over TikTok,” Forbes journalist Emily Baker-White looks at the story of TikTok and the developments that led to a potential deal with the Trump White House.
Algorithms, which are just sets of instructions expressed in code, are harder to restrict than physical goods. But governments, including the U.S., have long tried to prevent their export.
