Nov 16
Good Read: Drake Morton
Be Smart, Be Social
by Jeremiah McMillan , Wednesday, Nov. 16, 2011
As “content everywhere” business models continue to expand at a rapid pace, it becomes abundantly clear what the devices and platforms defining and driving TV and digital entertainment contents convergence are.
With convergence, content providers and producers need to know and have survival skills to compete in “content everywhere” markets — including what the revenue, brand and digital extensions mean to the bottom line.
A few market shifts are painting a much clearer picture. Understanding “smart” platforms and devices, and what defines “social TV” content engagement, especially for the younger generations, is crucial to content business models in a “content everywhere” world.
Basically, multi-screen content strategy for 2012 and beyond is all about being “smart” and being “social.”
This is clear from the attention on a few new research studies that show global online TV and video revenues hitting $22 billion by 2016, up from $3.4 billion in 2010.
U.S. executives can look at with anticipation, or concern at the prediction that the U.S.’s share of that market will drop from 54% to 36% as the “globalization of content” and how people receive it takes off, with connected devices and platforms in Europe and Asia driving the growth in on-line video and TV revenues more than any other.
Smart And Social Digital Extensions:
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