| Advertising models are rapidly
changing as new media is taking hold of eyeballs once commited
to print and television. We take an overview of revenue
opportunities in rich streaming media.
Advertising Growth
The fundamental market drivers of advertisers to spend advertising
budget online include:
- Internet Usage - With increasing numbers
of Americans online, marketers have greater opportunities
to reach consumers who are interested in a given category.
- Broadband - making rich interactive media
a baseline standard
- Web 2.0 - The consumer is in control
- Corporate Accountability - The Internet
provides the transparency now demanded by the market
- Economic Growth - the economy continues
reasonable growth
- Televison Competition - The Internets
streaming capability is threatening normal modes of broadcasting,
with interactivity adding a web advantage.
- Search Capability - is continuing to
evolve and grow
Although relative year to year growth is reducing from 28.8%
in 2004, to 17.7% in 2005 and 12.8% in 2006; the absolute
dollar spend is increasing, signalling steady growth in the
interactive media market.
Source eMarketer.com
Advertising Revenue Opportunities
As rich media content is only limited by technology, many
cobbled together content clips pervade the Internet. One only
has to look at a sampling on YouTube to see the wide range
of consumer contributed video quality.
The advertising opportunities on YouTube typified by pre-roll
advertising is evident. Tips on
Video Ads
So too are other multimedia sites, strangling the free flow
of content with top and tail advertisements. Afterall, advertising
is what pays the bills.
The challenge is in getting suitable advertisers willing
to sponsor such a wide range of feeble pranks, home made music
videos and production clips.
Super Deluxe
Yet to launch Super Deluxe may have the answer. One of the
first expected niche search engines, Super Deluse will feature
animated content from scouted talent, live performances from
standup comics, and other viral content.
Community features, including blogs will allow fans to interact
with creators and upload their own content to their profiles.
Real
Real.com and RealPlayer were founding gateways to multimedia
content. As audio and video became an expected norm on any
site, viewers became impatient of buffering or loading. Flash
video and Real Networks became of rights-managers of streaming
content.
Brightcove
Brightcove boosts the market for white-labeled media players,
offering a revenue supported, decentralized distribution model
for content.
As media ownership and revenue models are formative at best,
questions are already being raised.
- Is this signalling the decline of major cable networks?
- Is Web 2.0 the answer?
Only time will tell. Read more....
Advertising Media
Elements
Video Ad Performance Year
One
Rich Media Performance
Measurement
Creative Control
In spite of advertiser goals to have users interact with
their commercial content, we have yet to see any advertiser
let go control sufficently to enable consumers creative control
to manipulate their ad media content.
Consumer-Manipulated Advertising Content
Professional video editing capabilities are now affordably
and in the hands of consumers. This is driving greater creativity
in user content.
Users can now manipulate
existing video content to their liking, creating uniquely
entertaining variations. A form of media entrepreneur.Advertisers
are doing this themselves, with varying degrees of success.
The real magic will happen when consumers take their own shot
at manipulating content.
What savvy marketer will be willing to give content to consumers
and let them run wild? Consumers have the tools such as QuickTime,
iMovie and Windows Movie Maker, and a place to display their
creative attempts on YouTube and MySpace. Currently, limitations
are more to do with legal rights, needing clear permission
to remix without fear of prosecution.
This is the ultimate
multimedia form of viral marketing. As advertisers measure
up the balance of risk/reward, consumers are embracing the
opportunity.
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