Snapchat becomes the mobile HBO with 12 daily scripted Original shows

Snapchat needs reasons for teens to come back every day as it struggles to grow amidst competition from Instagram, so it’s capitalizing on its Los Angeles roots. Today Snapchat unveiled its fall slate of a dozen “Original” video shows including its first scripted programs from top producers like Keeping Up With The Kardashians creator Bunim/Murray and Friday Night Lights writer Carter Harris. There’s the supernatural soap opera Dead Girls Detective Agency, college comedy Co-Ed, and a docuseries about the “cash me outside” girl Bringing Up Bhabie.

The Snapchat Originals will appear in Discover, which will soon have a dedicated section for Shows, as well as new permanent Show Profile pages available through Snapchat search where users can sign up for push notifications when each episode is released. Reaction lenses make it easy to post about a Show’s biggest moments. And with new Show Portal lenses, users can stick an augmented reality doorway in their Snaps that they can walk through to explore a scene from the Show and then tap to watch that Show, allowing them to spread virally.

“Time spent watching shows on Snapchat has tripled this year alone” Snap’s VP of Original Content Sean Mills tells me. The stats on Snap’s previous 60 shows from CBS, Viacom, the NFL and others since the project launched two years ago made it clear there was an opportunity to double down, especially as original mobile programming efforts like Facebook Watch and Instagram’s IGTV have stumbled. NBC News’ twice daily show Stay Tuned has doubled viewership in the past year to 5 million unique viewers per day, over half of which watch at least 3 days per week, while SportsCenter’s show reaches 17 million monthly viewers.

Portal lenses use augmented reality to let viewers step inside a scene of an Original show and send the experience to friends

Snap CEO Evan Spiegel telegraphed today’s announcement in a leaked memo, noting that the app sees “over 18 Shows reaching monthly audiences of over 10M unique viewers. 12 of which are Original productions” and that “We are also working to identify content that is performing well outside of Snapchat so that we can bring it into Discover.”

Snap Inc was cagey about sharing exactly how the deals to produce the shows work. Some Originals are funded entirely by Snapchat, some fully by production studios, and some are joint efforts. Mills claims “We’re not bidding on shows that are being shopped around town.” They’re always shot vertically for Snapchat and will at least be exclusive to the platform for a window of time. Snap says the shows are created with fast-paced mobile behavior patterns in mind, employing overlaid graphics, split screens, quick cuts, and other modern video elements.

One thing’s for sure: Snap doesn’t want to follow Facebook’s footsteps in funding original content. With Watch and Live, Facebook paid out big upfront sums to secure creators, but when that funding dried up, it was unclear how the unsubsidized shows would survive. “We want to set these things up for longer-term success” says Mills. “We’re not trying to just seed the market with huge investments and then hope it turns into something later. We’re very interested in the viability of this at the onset.”

Originals will be monetized through two or three six-second unskippable Commercial ads in each show sold by Snap, the producers, or again a combination. Snap will try to seduce advertisers by pimping out its new Originals at the NewFronts West conference today in LA. The company will also embark on perhaps its biggest marketing effort to date after focusing on minimalist yellow billboards and airport security tray ads. Snapchat will be running ads on Reddit, Twitter, and YouTube plus some outdoor marketing in LA to clue people into its revamped content lineup. The dedicated Shows carousel  should also help the premium content rise above the news publisher clickbait and shoddy user generated content currently stuffed into Discover.

Snap can’t afford to spend too much on Original programming and not have it pay off with ad revenue. The company llost $353 million last quarter, and at this rate may have to raise more money in 2019 or it could run out. An analyst yesterday predicted they expected Snap would lose $1.5 billion in 2019, which dragged the share price to $7 — by far its lowest ever.

Snapchat’s forthcoming Shows channel in Discover and the new permanent profile pages for Shows

As I wrote 18 months ago, Snap’s big opportunity is to fashion itself as the HBO of smartphones and use that draw to get people hooked on its whimsical ephemeral messaging. Though the slate of Originals look higher quality than much of the reality-style and vlogger video content already made for mobile, Mills says Snap isn’t ready to commit the resources to forge its own tent pole Game Of Thrones. “We’re still in the phase of learning about what the audience wants. We’re not setting up for one premium epic show that’s going to bring in all the rest” Mills tells me. “It’s possible that in three months or six months we’ll start making bigger bets after learning what works.” So essentially, Snap is in the Sex In The City, pre-Sopranos stage of turning into the mobile box office, or it’s like a modern Netflix funding lots of experiments but that’s yet to find its House Of Cards.

After losing 3 million daily users and sinking to 188 million total last quarter, Snapchat needs something to reverse the growth trend. While Instagram and Facebook’s other apps have copied Snapchat’s Stories and visual messaging features, the Silicon Valley giant has yet to nail how to do premium mobile video content. If Snapchat can be the place for must-see TV on the go, it could lure in new and churned users looking for a relaxing escape from the competitive world of social media success theater.

Here’s the full list of new Snapchat Originals:

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