Over the past few years, a new category of mobile apps has quietly exploded into a multi-billion dollar business. They're called “micro dramas” — short-form, mobile-first scripted shows designed to be watched vertically on your phone. Think soap opera meets TikTok, complete with secret billionaire romances, disapproving werewolf mothers-in-law, and cliffhangers engineered to keep users tapping. The leading app, ReelShort, made $1.2 billion in consumer spending last year alone.
On this episode of TechCrunch's Equity podcast, Rebecca Bellan and TechCrunch senior reporter Amanda Silberling sit down with Henry Soong, founder of Watch Club, who thinks the micro drama industry is still "in its MySpace era." He has a vision for what the Facebook moment could look like.
Listen to the full episode to hear:
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Chapters:
00:00 Intro
01:11 Why micro dramas, and why now?
04:25 What makes Watch Club different
07:29 The monetization model problem
18:52 Optimizing for intentionality, not engagement
24:23 Why Quibby failed (content, product & business model)
28:22 Defensibility: tech company or studio?
31:36 AI, the WGA, and the future of storytelling
33:44 Outro
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