1 00:00:00,361 --> 00:00:02,944 (upbeat music) 2 00:00:04,220 --> 00:00:05,840 - Netflix hires a big marketing name 3 00:00:05,840 --> 00:00:08,160 for its marquee and Facebook execs 4 00:00:08,160 --> 00:00:10,140 fail to impress civil rights leaders. 5 00:00:10,140 --> 00:00:12,040 I'm Jeff Beef and this is "Fast Company's" 6 00:00:12,040 --> 00:00:13,690 Brand Hit & Miss Of The Week. 7 00:00:13,690 --> 00:00:16,540 See, last week Facebook was a huge miss 8 00:00:16,540 --> 00:00:18,540 due to its complete lack of response 9 00:00:18,540 --> 00:00:21,540 to the parade of major advertisers and brands 10 00:00:21,540 --> 00:00:23,900 pulling their advertising for at least the month 11 00:00:23,900 --> 00:00:26,480 of July due the sheer amount of hate speech 12 00:00:26,480 --> 00:00:27,313 on the platform. 13 00:00:27,313 --> 00:00:29,960 This week, Mark Zuckerberg, Sheryl Sandberg, 14 00:00:29,960 --> 00:00:32,130 and other Facebook execs sat down 15 00:00:32,130 --> 00:00:33,630 with the civil rights leaders behind 16 00:00:33,630 --> 00:00:35,680 the Stop Hate for Profit campaign, 17 00:00:35,680 --> 00:00:37,340 leading the advertising boycott. 18 00:00:37,340 --> 00:00:39,760 Stop Hate for Profit leaders issued a statement 19 00:00:39,760 --> 00:00:42,670 that said, "It was abundantly clear in our meeting 20 00:00:42,670 --> 00:00:45,380 today that Mark Zuckerberg and the Facebook team 21 00:00:45,380 --> 00:00:48,000 is not yet ready to address the vitriolic hate 22 00:00:48,000 --> 00:00:49,180 on their platform. 23 00:00:49,180 --> 00:00:51,020 Zuckerberg offered the same old defense 24 00:00:51,020 --> 00:00:53,970 of white supremacist, anti-Semitic, Islamophobic, 25 00:00:53,970 --> 00:00:55,930 and other hateful groups on Facebook 26 00:00:55,930 --> 00:00:58,220 that the Stop Hate for Profit coalitions, 27 00:00:58,220 --> 00:01:00,440 advertisers, and society at large 28 00:01:00,440 --> 00:01:02,000 have for too many times before. 29 00:01:02,000 --> 00:01:04,700 With the stroke of a pen, you can make Facebook better 30 00:01:04,700 --> 00:01:08,080 for your users, your advertisers, and society. 31 00:01:08,080 --> 00:01:10,850 We hope that you continue thinking about the consequences 32 00:01:10,850 --> 00:01:12,570 of what you have wrought and come back 33 00:01:12,570 --> 00:01:15,130 to the table soon with real change." 34 00:01:15,130 --> 00:01:17,890 Then, Wednesday morning, the results of a two year 35 00:01:17,890 --> 00:01:20,150 independent civil rights audit of Facebook 36 00:01:20,150 --> 00:01:22,680 which Sheryl Sandberg had touted the day before 37 00:01:22,680 --> 00:01:25,230 as an example of progress was released. 38 00:01:25,230 --> 00:01:28,200 Auditors wrote that the company has made some progress, 39 00:01:28,200 --> 00:01:32,290 but that is "Obscured by the vexing and heartbreaking 40 00:01:32,290 --> 00:01:35,410 decisions that Facebook has made that represent significant 41 00:01:35,410 --> 00:01:37,070 setbacks for civil rights." 42 00:01:37,070 --> 00:01:39,420 And that's how you spell brand miss of the week. 43 00:01:39,420 --> 00:01:41,940 This week's brand hit is Netflix. 44 00:01:41,940 --> 00:01:43,970 Last week, the company announced it had hired 45 00:01:43,970 --> 00:01:46,870 Bozoma Saint John as its newest chief marketing officer. 46 00:01:46,870 --> 00:01:49,310 Saint John is a larger than life executive, 47 00:01:49,310 --> 00:01:51,170 one of the few in the industry who's almost 48 00:01:51,170 --> 00:01:52,570 a brand name themselves. 49 00:01:52,570 --> 00:01:54,580 She first garnered notice in marketing circles 50 00:01:54,580 --> 00:01:56,400 for her work as Pepsi's head of music 51 00:01:56,400 --> 00:01:57,670 and entertainment marketing, 52 00:01:57,670 --> 00:02:00,620 where she landed a $50 million deal with Beyonce. 53 00:02:00,620 --> 00:02:02,510 Next, she was at Beats by Dre, 54 00:02:02,510 --> 00:02:04,780 which soon became Apple Music where Saint John 55 00:02:04,780 --> 00:02:06,890 became the head of global consumer marketing 56 00:02:06,890 --> 00:02:08,460 at Apple Music and iTunes. 57 00:02:08,460 --> 00:02:10,860 For the last few years, Saint John has been at companies 58 00:02:10,860 --> 00:02:13,120 that either have a high cultural profile for all 59 00:02:13,120 --> 00:02:16,660 the wrong reasons or for business more behind the scenes 60 00:02:16,660 --> 00:02:18,150 for other major consumer brands. 61 00:02:18,150 --> 00:02:22,920 In 2019, Netflix spent upwards of $2.65 billion on marketing 62 00:02:22,920 --> 00:02:25,090 and yet, it's still a company known for marketing 63 00:02:25,090 --> 00:02:27,800 individual shows and movies over itself. 64 00:02:27,800 --> 00:02:30,220 Getting Saint John back behind the marketing wheel 65 00:02:30,220 --> 00:02:32,780 of a major brand not drenched in scandal, 66 00:02:32,780 --> 00:02:35,530 especially one with such a cultural footprint of Netflix 67 00:02:35,530 --> 00:02:37,170 will be fascinating to watch. 68 00:02:37,170 --> 00:02:39,420 Last year, Warner Media Entertainment chairman 69 00:02:39,420 --> 00:02:42,930 Robert Greenblatt said "Netflix doesn't have a brand. 70 00:02:42,930 --> 00:02:44,620 It's just a place you go to get anything. 71 00:02:44,620 --> 00:02:46,250 It's like Encyclopedia Britannica." 72 00:02:46,250 --> 00:02:49,270 Now, it's Saint John's opportunity to take Netflix's 73 00:02:49,270 --> 00:02:52,220 encyclopedic library and create some brand emotion 74 00:02:52,220 --> 00:02:53,320 to go along with it. 75 00:02:53,320 --> 00:02:54,320 That's it for this week. 76 00:02:54,320 --> 00:02:55,983 Let us know your picks. 77 00:02:57,422 --> 00:03:02,422 (gentle waves crashing) (birds chirping)