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Scott Cherkin

Audience Strategy | Marketing & Business Development | From Start-up to Scale

Scott Cherkin is a digital media leader and audience strategy expert based in New York. He is currently an Advisor / Consultant at SC Consulting, focusing on helping entertainment brands develop direct-to-consumer strategies.1

Cherkin has extensive experience in the digital media industry, including:

  • Executive in Residence and Expert Network member at Progress Partners (July 2023 - Present)1
  • Board Member at Literally Media (November 2019 - Present)1
  • Previously worked at Warner Music Group, where he was involved in acquiring and managing the YouTube channel Cover Nation2

With over 20 years of experience in venture-funded startups across digital media, publishing, and adtech, Cherkin has expertise in audience development, business development, corporate development/M&A, product development, advertising sales, and marketing operations.1

His LinkedIn profile highlights his skills in scaling owned and operated media audiences and revenue. Cherkin's focus is on helping companies develop strategies for owned and operated media across websites, social media, and video platforms, as well as first-party data and CRM efforts to support new monetization opportunities.1

Highlights

Mar 7 · linkedin

It always feels late before you get started...

When I joined Complex in 2011, 90% of our monetization happened with network partner inventory - only 10% was O&O. There was not a lot of confidence that we could grow faster and some suggested we were too late to compete in search/SEO. I was hired to look after Product & BD but couldn't help explore what we could do better. I didn't have SEO experience but was curious and used tools like Moz to define 'tickets' for our engineers. Pretty quickly, we started seeing glimmers of hope that we could scale. That led to more testing, proof of concept, meaningful audience growth and the beginning of a new Audience function at the company which grew to include organic and paid social, CRM and more. Dotcom scaled from 1M visits per month to over 30M and completely changed the margin structure of the business.

As we started to move into video in 2012, it was feeling very late in the cycle. There were tons of failed video start-ups and success was mostly in the form of creator-aggregators / MCNs or video ad networks. We were so under-resourced in video that we didn't even send a proposal to YouTube after the meeting where they offered us a % of their $100M original content fund. We could have pulled $3-5M from that fund but our CEO, Rich, was adamant we should pass and raise a real round of investment to focus on becoming truly video-first. It took years of testing and failure before we found 'our voice' and our audience. So much didn't work. But then a Wale news video went viral which led to building up Complex News and, ultimately, building IP with Sneaker Shopping and, of course, Hot Ones. We were acquired in 2016 for our video expertise and how we transformed our business to make video part of everyone's job. By the time I left in 2018 (and definitely now), it seems like we were early but it didn't feel that way when we were building it.

In 2020, at Warner Music, it was clear that TikTok was hugely important to the business. As part of my role at WMG, we acquired a YouTube channel called Cover Nation which curated cover song videos. There were so many big accounts with great engagement in TikTok, could we compete? We had to try. It felt late but there were encouraging signals from our posts in those early days. Fast forward to 2024 and Cover Nation now has 5.9M followers and 100M likes in TikTok. Similarly, HipHopDX was acquired in 2020 and, by now, has developed some of the bigger hip hop audiences in the platform with over 5M followers across its US, UK, Asia, LATAM and other local accounts.

It doesn't matter the platform or consumer touchpoint, if you need to engage audiences in new ways, there is always an excuse to delay.

It isn't too late.

Every day you delay is pushing success further away.

Start now.

I'm here - please let me know if I can help.

PS. this is good advice for all the things btw. exercise...healthy eating...that book you intend on writing. start! it's not too late.

Sep 11 · linkedin

Great article: Why Fan Equity Is The Media And Entertainment Industry’s Most Valuable Currency (And How To Build It)

It perfectly captures how much power is created when developing a relationship with your biggest fans. In Audience Development circles, we often talk about building search equity or domain equity in relation to SEO or social equity when talking about organic social strategies and so I appreciated seeing the term around developing "fan equity". The concept of wanting a direct relationship with your most engaged audiences isn't new but it takes on new urgency in media and entertainment where growth is slowing. The article highlights some great research from Deloitte Research showing that sports team fanatics spend 6x more than casual fans which illustrates how much more any company can benefit by creating premium products and services for this important cohort.

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Scott Cherkin
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Location

New York, New York, United States