Today we streamed live from the Digiday Mobile Conference. Lots of good insights and some honest status updates from publishers re: how well (or not) they are monetizing mobile.
I spent this past week in Deer Valley at the Digiday Brand Summit. There were a number presentations by brands describing efforts to create content that is informative and engaging to their audiences. Marketing 3.0 is all about getting beyond the traditional model of “buy this now”, and building a community by creating content. Cisco for example is producing video content weekly via its its year-old media site, The Network. It is a technology newsroom of sorts. More and more brands are trying to follow that lead and catch up to ground-breakers like Red Bull, which has effectively become a media property and brand all wrapped into one. Just look at the NY Red Bulls soccer team, Flutog or the Red Bull Air Race. Another good example woud be Tablespoon, a social and content hub that General Mills has created around food and recipes for millennials. If you go there, you hardly suspect it is the property of a major CPG marketer.
Nonetheless it would seem that only some of the brands that say they follow this strategy are doing it in earnest and doing it well. I am guessing 80% of the real application is coming from 20% of the participants. And the question is: why?
Part of the answer is that senior level decision makers at brands don’t necessarily support the strategy. That makes it hard for content creators at brands to be effective. In addition colleagues throughout these organizations don’t readily participate in process. The folks at Digiday polled some brand managers at the conference and got a variety of insights into the challenge in their piece entitled Why Brands Struggle With Content Creation.
As we close out 2012, my hope is that a brand — hopefully more than one — will not only embrace the content strategy but excel at it. That means creating good, useful content (video, editorial, photos) and pushing it out through and to the leading platforms: Facebook, Twitter, Instagram, YouTube (archived video), Livestream (live video of events). And then integrating the experience on a brand site and its social platforms. Sounds simple, but it’s not. Creating quality is one challenge and presenting/distributing it well is another.
If my hope becomes a reality, then future conversations like the ones in Deer Valley this week will scarcely mention the obstacles and challenges of content creation for brands and focus mostly on successes and connections with people. And distribution. Progress has been made — but there’s a way to go.
I have been spending a lot of time working with online video advertising of late and wanted to share some facts. It is an important space, and as most media and marketing people know, a fast growing one. The world of television (content producers and viewers) continues to move rapidly online. And many people are also creating and distributing original video content online (i.e. not from traditional content producers). Annoying Orange anyone? Gary Vaynerchuk and Wine Library TV? The streaming ads are following at a brisk clip.
Here are some interesting facts that came out in an Ad Age report earlier this week:
- currently there 178MM online video viewers in U.S. (eMarketer)
- online video advertising reached $1.5b in 2010 (up 48% from 2009) (eMarketer)
- in 2011 nearly 1/3 all online ad dollars will go to video (eMarketer)
In the video space there are a lot of key players. The significant ones are:
- Hulu…leading the way in terms of high quality content and ad revenue
- YouTube…most viewers
- Livestream … best in breed for live video events online and growing
- Brightroll & AdSense …at the head of the class re: U.S. ad networks
- Vizu …doing really interesting things with audience research
Here’s where it gets interesting: 2010 was the first year — ever — that cable subscriptions in the U.S. declined. That’s right – they went down. Competition is coming to a TV, computer, tablet or smart phone near you. Cable and the MSO’s are on the run for the first time. Stay tuned…or should I say “stay logged in”?
- Nearly 100M Adults To Watch Online TV By 2015 (socialtimes.com)
- Facebook was sixth for online video in January 2011 (zdnet.com)
- 5 Stages of Successful Online Video Marketing (andreavascellari.com)
- VEVO Second Only To YouTube In January (webpronews.com)
- Online Video Viewers Skip Less Ads than TV Watchers (beet.tv)
- The 2010 Online Video Report Card – Consumption Grows Across The Board (reelseo.com)
- Online video usage up significantly: report (econsultancy.com)
- YuMe Says 15% of TV Ad Spend Should Move to Online Video (klessblog.blogspot.com)
- Marketing Data RoundUp: Too many posts can turn off Facebook fans | Online video growth stats (marketingvox.com)
- Big Growth in Online Video Viewing by Women is Encouraging, Zenith’s Michael Turcotte (beet.tv)