MTV To Move Into Virtual Worlds
Two branded virtual worlds, Virtual Laguna Beach and Virtual Hills, are already live, while a third, Virtual Pimp My Ride, is on the way. They were created using the same platform designed by Makena Technologies' for There.com, one of the original virtual worlds. During his keynote, MTV's Matt Bostwick, senior vice president for franchise development at MTV Networks' Music Group, said more than 600,000 users signed up for its virtual worlds in just six months, and more than 64 percent come back regularly, meaning 1.4 times per week for an average of 37 minutes. Bostwick expects to hit 3 million registered users by December.
The ad model will be the usual for virtual worlds: branded, interactive content, dubbed "4-D branding." Examples include branded cell phones and Pepsi-named hoverboards and scooters. MTV is really banking on virtual worlds becoming a huge success.