when media worlds collide mike yardley managing partner 05/24/06
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When Media Worlds CollideMike YardleyManaging Partner05/24/06
Footprint
Kansas City (HQ), U.S.New York, U.S.
Seattle, U.S.Atlanta, U.S.
Los Angeles, U.S.Chicago, U.S.
London, United KingdomBogotá, ColombiaBarcelona, Spain
VML Partner Companies
Clients
Digital Evolution
What is Digital?
A medium. A channel. A marketing and efficiency tool enabled by technology.
Digital is more than web properties, online marketing, technology platforms, email, relationship marketing, and advertising, it's become part of everything. It’s a way of life.
Digital Evolution
OVERVIEW
The Digital Age Has Transformed Information Flow and Facilitated Open Social Networks
THE FIRST AGE
1970 - 1995
Communication
Network InfrastructureTCP/IPEmailFTP
THE SECOND AGE
1996 - 2002
Content
Hypertext ProtocolSelf-Organizing Repositories
Real TimeBroadband Adoption
Tra
nsi
tio
n t
o m
ain
stre
am
THE THIRD AGE
2003 - Today
Co-Creation
P2P/Blogs/WikiReduced Reliance on MSM
Proletarian Punditry
“Dea
th”
of
trad
itio
nal
med
ia
Digital Media Collision
"The time has come for us to agree that mass-media marketing is over.”
Larry Light, CMO McDonald's
• Almost half of marketers are decreasing spending in traditional advertising channels (network TV, magazines, direct mail, and newspapers) to fund an increase in online ad spending in 2005.
• Online ad spending is projected to grow at rate of nearly 25% in 2005 and will represent 8% of total advertising spending by 2010, rivaling ad spending on cable/satellite TV and radio.
“Traditional” advertising is becoming less effective.
More than half of consumers are consuming two media at a time*
More than 25 percent of U.S. households have a DVR today and it is projected by year 2010 over 40 percent will have DVRs**
More than half of DVR owners skip most or all TV commercials***
* Retail Advertising and Marketing Association (RAMA) and BIG research
** Forrester Research: The State of Consumers and Technology: Benchmark 2005
*** 11/2005 MAGNA Global USA and Forrester Research: Is TV Still a Viable Medium
Mass TV reach is declining.
New technologies are impacting the way marketers reach consumers as they allow access to content
anytime, anywhere, through multiple channels.
Marketers moving from mass marketing to individualized marketing as consumers move to more individualized viewing On-demand viewing Viewer-generated content Video search technology
Marketers pursuing multiple new approaches as consumers are consuming media in more and different ways and are fragmented in their behaviors
Marketers are embracing platform-agnostic content, fluid mobility of media experiences - - delivering brand experience no matter what medium the consumer is using
02/2006 IBM Institute Study
TV networks are moving to the internet.
NBC Universal purchased iVillage for $600 million - Reuters 03/08
Disney CEO announced a new service, called MyABC, to offer video downloads of ABC shows online. - Variety 02/27
AOL to offer free WB produced shows & pay-per-download shows from established programmers - Reuters 03/06
Way Beyond The Banner – Consumer Package Goods
Taking Digital To The Consumer
Leveraging The Power Of Social Networks
Creating Digital Applications
Application Dissection
Media Holder-Video mail-Comcast DigiTV-Etc.
Dynamic Feds-Charts-Calculator-Etc.
Flexible Feeds-Partners-Sponsors-Etc.
Contextual Posts-Partners-Sponsors-Etc.
Podcasting-Partners-Sponsors-Etc.
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