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Innovation Kaius Foxx Innovation Kaius Foxx

These two companies you’ve never heard of are worth billions—by turning internet creators into millionaires

The videos Jellysmack has worked on have garnered so many views that the company could be considered the No. 3 media company in the U.S.—just behind Disney and ViacomCBS—according to research by Tubular Labs. Jellysmack’s creators have gained 445 million subscribers; notched 145 billion views across Facebook, Snap and YouTube; and made $175 million. And 50% of Jellysmack’s roster is earning over $500,000 annually.

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Insights Kaius Foxx Insights Kaius Foxx

An electric automaker valued at $1.4 billion last year is already folding. Buckle up for more carnage

A billion-dollar bug. New research suggests one-in-six ads on a streaming service run when viewers’ televisions are turned off, an issue that could cost advertisers more than $1 billion annually, The Wall Street Journal reported. The analysis by ad-buying company GroupM and ad-measurement firm iSpot.tv looked at the financial fallout of streamed shows remaining on after customers turned off their televisions, a common occurrence for those who access streaming through a piece of hardware. The issue does not occur on smart televisions with built-in streaming apps.

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