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RSSBut as some of you expressed in your comments, I think questions about if, when and how "the big shift" will occur lead us into the wrong debate. Granted, the Internet has emerged as a major disruptive force for the advertising and publishing industries. If you're a masochist and follow "The Media is Dying" on Twitter you can get minute-by-minute updates on the latest publishing death spiral, mainly with print media outlets.
When it comes to online versus print, online has emerged as the undisputed winner, literally bringing print to its knees. The current economic crisis delivered the knock out blow and we watch in shock and awe as one venerable newspaper after another falls and disappears, seemingly overnight.
But don't hold your breath for a David and Goliath scenario with online video versus TV. As MediaPost's Wayne Friedman and Joe Mandese reported in their coverage of a recent Magna study, even with rapid growth online, video's share of advertising spending will hardly register for years to come when compared to the ad dollars big brands spend on television.
Arguments that online's superior targeting and measurement capabilities are bound to tarnish the "gold standard" of TV content and result in brand marketers running screaming from television to online video also don't hold water. The digital revolution in television has already taken place. Video On Demand (VOD) technologies now provide consumers with more choice and brand marketers with behavioral, demographic and self selection data for improving ad targeting, which in turn improves the viewer experience.
Just last month Virgin Media announced the results of VOD ad trials gathering consumer responses to ads from leading brands such as Kellogg's, General Motors, Royal Mail, Bodyform and the British Army. The ads were inserted around selected on-demand programs viewed in 100,000 London homes. Fifty-four percent of the trial participants reacted positively to the ads, which drove a 62% increase in consumer awareness of the featured brands. There are currently 55 million views of VOD content across 55 percent of Virgin's 3.5 million subscriber base. VOD is growing fast and emerging as a significant network in terms of audience share.
Cable operators in the U.S. are conducting similar trials and soon targeted advertising within VOD content will become a common part of the television viewing experience.
Sounds like the Internet, doesn't it? Only it's happening on the best screen in the house.
At this point you might think I'm falling into the same debate trap like everyone else -- in this case trouncing online video in favor of television. You could look at it that way, but in my view I'm just being pragmatic and accepting the findings of study after study pointing to fact 'the big shift' isn't coming any time soon. As TV continues to learn from the Internet and become even more interactive, "the big shift" isn't likely to happen in any significant way at all.
But that doesn't mean online video advertising will never come into its own. As evidenced by much of the data and studies cited in Video Insider, there's plenty of research showing that online video advertising is growing and will continue to grow as an important avenue for brand marketers to reach consumers. So, instead of "Waiting for Godot," let's focus on what's exciting about how the digital revolution continues to advance and improve video content and the viewer experience - whether online or on television.
Now content producers and brand marketers have more opportunities than ever before to reach the right people at the right time with relevant messages - online or when they're getting settled in the living room to watch their favorite television programs, live or on demand in playback mode. And we haven't even touched on integrated campaigns between online and television video content.
That's the real "big shift" that's happening right now and for the future.
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Now if the consumer behaves around the platform in that manner, then all your analytics, overlays, click-ons, metrics, rocket-science, etc. are purely out the door. And the biggest failure is that the technologist/producer/brand manager have all failed to understand the basic psyche of an user.
I demand as an user... show me value.. give me an outstanding experience.. do not patronize me... generate my curiosity... and satisfy it from the media!
Once there is a platform that delivers brand messages intertwined with the goodies that satisfy the consumer's curiosity, then the metrics will start coming automatically.. and that metric will be 100X more valuable than today's run-of-the-mill CPM and overlay clicks!!!
---- You watch a video and wonder 'Where is this? What is that?' - Me!Box lets you find them right from the video without leaving the player!
Read more on our blog: http://endavomediablog.typepad.com
I have three daughters that fit in this conversation. Watching them and their VARIED media consumption habits, does not bode well for a monotheistic view of where media should go.
I continue to see splintered and fractured as two good adjectives for media in the future.
#2 100% agree with Veeple man. TV is always passive, always leisure, always in the living room or bedroom. It is mostly one thing. Online video, on the other hand is a snack at work, maybe an evening at home, mostly in an active environ, sometimes in a passive environ, sometimes downloaded sometimes streamed, sometimes UGC and sometimes something else. Unlike TV, online video defies easy description and does not fit in one cubbyhole. I don't see a shift. I see fragmentation and splintering, where it will become increasingly difficult to find a single effective way to spend a media budget. my .02 Jeff Bach
The only reason the licensed fascists which control the over-the-air advertising oligopoloy is because they were and are in fact fascists that have been granted licenses used to control who could and who could not enter the market.
The IP is agnostic and does not belong to the fascist nor any other form of corrupt governance nor by any other of those who by hook or crook impose some barrier to entry into a market.
Those days are over to the extent the IP itself remains agnostic, free and unencumbered by corrupt governance.
Scott - CEO of Veeple (we serve the 4th group on mu list above)
As a brand strategist I'm perplexed about where to put my ad budget given my personal experience as a Nielsen Household and my lack of confindence in the current audience measurement methods. Someone remind me how much those guys who stand on the side of the road with signs charge.
Other industries may do better than we did since we were looking for leads, not sales. But I expect this to work a little less effective than regular TV ads work.