q3. media
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PublisherNBT is targeted at the
mainstream music listener and therefore has a large potenti al market with a
diverse customer base. IPC is the most probable
distributer of NBT as it has many diverse publicati ons
in its publishing house catering for many diff erent
social groups. Hence NBT emulates some of the
existi ng media published by IPC and has a similar target
audience.
Time Inc –part of Time Warner Inc- is the parent
company of IPC.
Time Warner Inc was formed when Warner
Brothers, AOL and Time Inc Merged and became the
global leader in media and entertainment that it is
today.
Many similarities can be draw between magazines and other publications published by IPC to NBT. Examples
include:People Magazine
EntertainmentMoneyFortuneInStyle
Sports IllustratedTime
Real SimpleEssence
LifeAll YouSunset
WallpaperEssentialsTi
me
War
ner M
agaz
ines
Similarities• Look• Similar colour scheme• Celebs’ in feature articles are still over
photoshopped• Contrasting colours• Content• Features music artists• Articles on artists lives as well as musicDifferences• Looks• Other images aren’t photoshoped e.g.
life stories• Content• More gossipy style• Features non-celeb stories• ‘Real life’ stories
http://www.people.com
Similarities• Look• Similar colour scheme• Celebs’ in feature articles are still over
photoshopped• Contrasting colours• simplistic• Content• Features music artists• Articles on artists lives as well as musicDifferences• Content• More fashion orientated
http://www.instyle.co.uk/
The similarities between NBT and magazines published by Time Inc indicate that NBT would fit with their current products. Despite this the differences between NBT andthese magazines are alsoimportant as they helpdistinguish NBT fromothers magazines.
If companies invest too much in similar products and the market for that product dies then the company will fail. Therefore it is important for the company to buy-in-to dissimilar products.
NBT would generate some of its profit from advertisements. It would firstly advertise brands endorsed by Time Warner- this is
called ‘cross media promotion’.
NBT is essentially is a music magazine so it stands to reason
that it would advertise new albums and singles as well as up-and-
coming gigs, festivals and tours.
Time Warner would also be keen to advertise artists signed to the
Warner Music Group e.g. Christina Perri.
Warner Music Group
As well as brands endorsed by Time Warner the magazine would feature
other brands that aim to attract a similar audience. Coke’s target
audience is much larger than NBT’s but it does encompassed NBTS
chosen market segment. Furthermore Coke is a ‘cool’ brand with would reflect on NBT making
NBT ‘cool’ by association.
Apple is directly associated with i-pods and i-pads: both of with popular with my target audience. I-pods connote
music and are the most popular form of MP3 player on the market. I-pads
are becoming more popular and often people use them to access online
media content. Therefore the advisement for I-pads would have a
two fold affect also advertising NBT’s online APP and website.
MTV is stereotypically associated with young people
and new music therefore it would be ideal for NBT as an
advertisement as it would help associate NBT with new music
and younger people.
In a modern society, taking advantage of the online market or ‘e’ market is becoming more and more crucial.; as market trends
suggest that consumers are looking to the internet increasingly to purchase items. Therefore it is important for NBT to have an APP as well as a website to not only increase its online presence but to
enable online purchasing of the magazine.
NBT’s target audience is the 16-24 sector. An APP is
therefore even more relevant as
the largest market segment for new
technologies is this age bracket.
NBT