
Ashley Highfield, Head of Future Media and Technology, BBC
- iPlayer is, of course, proving long-tail.
- Growing all time, with recent peak of 660k uses last weekend, due to Six Nations rugby
- 1/8th quality of BBC Freeview in terms of picture quality
- Took 3 years due to work across whole supply chain
- Virgin Media launching BBC iPlayer march 31st – and BBC wants roll out across playforms from there, inc cable tv players, apple platform,
- Project Kangaroo – BBC, ITV, C4 – to monetise and expire content.
- BBC has 1.3 m hours of archives, yet less than 1% avail on iPlayer - huge opportunity...
- 16 – 24 yo is fast moving audience segment in terms of consumption, migrating online but decreasing engagement from 10 hrs tv watching to 1 hr online engagement so that’s the challenge – not the numbers but the volume of consumption.
- BBC currently handles 3m inbound items of user-generated content per day: sms, comments, photos etc. (Holy moly!!!!)
- Figures show that iPlayer isn’t (yet) cannabilising audiences but in fact adding audiences that would have otherwise missed the content, also feel better to host themselves than have someone else cannabilise it (e.g. bittorrent)
- Biggest strategic issue: disintermediation and controlling the brand ‘credit’ when content goes through others channels.
Rona Fairhead, CEO, Financial Times Group
• Ongoing shift in revenues:
• 2000 – 72% print, 28% online –
• 2008 – 43% vs 57%
• Future trends:
• Continued growth but polarised btw mass and super niche
• Greater interaction with customers
• New skills in their workforce to innovate and attract hottest talent
Great question to this first panel from Julie Meyer, who was then still in the audience, on what is your Achilles heel?
Answer from BBC: a cross-platform consistent form of measurement in a multimedia world…(sounds like a similar thing to our measuring social media movement to me!)
Dr Robert Cailliau, co-developer of the World Wide Web
This guy was fantastic. Humble, funny, sweet, and so absolutely on the money when it came to the ethos of the web. I didn't expect that (I don't know why), and was delighted to get it.
• ‘The web succeeded because it was like a virus’ - and so has every web service since, ebay, google, skype, craigslist. Simple, but easy to overlook.
• On free wifi: ‘They don’t charge you for the lift, right, and I’m certain the lift costs more to maintain than the wifi...' cue laughter from the audience
• On banner advertising: ‘I hate these things that move around’ cue more laughter, even though by day 2 it was clear that they were all intent on advertising-supported being their biz model
Habbo hotel
• “Habbo Hotel users sell more items of furniture to one another than Ikea does worldwide in the real world” – 3i guy
Ron Galloway
This guy is very interesting. From Georgia, USA, he has the southern drawl and all of the misconceptions that can bring with it (which he plays on!) but has been a day trader, a filmmaker, a political activist of sorts - the kind of breadth that makes for interesting perspectives.
His talk was relating the technology prowess of Wal-mart with tagging and the shifting relationships between content, databases, value and sales.
I only wrote down a few fun facts as I was listening and enjoying Ron's talk:
- Walmart annual shrinkage would be 600th biggest company in usa by turnover which demonstrates not so much a problem with dishonesty but the sheer scale of the operation ('shrinkage' is the retailing term for inventory which is stolen by your own staff)
- According to Wal-mart's sophisticated data mining and analysis, before hurricanes people buy beer and strawberry poptarts...
Nova Spivack, Radar Networks
This was one of the most educational talks of the two days for me personally because I know little about the semantic web and this got me started on the topic.
- ‘The semantic graph’ connects everything.
- Interesting point about pendulum swinging between back-end and front-end innovation each decade – Web 2.0 is about UI (user interface - AJAX, nice usable front-ends); Web 3.0 is about the database, the infrastructure of the web.
- A lot of this inputting of data to build the semantic graph will be inputted via speech rather than typing which does have implications for privacy, but NASA has a technology that recognises whispers!
- Tagging is lightweight semantics.
- Natural language search allows natural questions and conversational interactions to occur -> Semantic search will recognise the relationships between data, and therefore in the questions that you pose of it -> Reasoning will involve logic, where the system takes into account pertinent variables to provide logical answers.
- Italy is bizarrely strongly represented in semantic web development.
Blake Chandlee, Facebook
I thought Blake was one of the most convincing representatives at the 2 day conference which is high praise in a way, when you consider that we saw people from Microsoft, Yahoo, Mozilla, AOL, MTV, Orange, NBC etc etc. Straight talking, knew his stuff, wasn't afraid to be assertive - I thought he came across well and I'm glad that we've got someone like that heading things up in the UK because it's a style that works here. I picked up some nice little stats and anecdotes to take away with me, which are here.
- Facebook developed an app to crowdsource the translation of the site into non-English languages
- 50% of Facebook users visit daily
- Average Facebook user has 115 friends
- A key concept is to enable ‘social actions’ in a ‘frictionless’ environment
- Facebook is the 2nd biggest source of traffic for TripAdvisor, the bulk of which it was inferred comes from Cities I’ve Visited app.
- Mindshare is running a campaign solely advertising to the Starcom network on Facebook – its main competitor - which is getting a ‘very high response rate’!
Moray MacLennan, Chairman, Europe, M&C Saatchi
- When you put 50% of your budget into search, you’re depleting your marketing budget by half. It’s not marketing, it’s ‘distribution’.
A fantastically valid, and interesting point. Indeed. I wonder what a search expert would say to that? Please comment if you have a come-back or further thought!
Hamish Pringle, IPA
"We know from the IPA Effectiveness awards that the average winning case uses 4 different marketing channels." - useful stat
Interesting concepts and themes I picked up across the 2 days:
- Total media value – cross platform content, where some channels subsidise strategically valuable other channels
- Micropayments for accessing content as complementary payment type to subscription - paying by the article, per itunes, rather than by the period
- “Luxury content” – Julie Meyer.
- Business model innovations other than advertising-supported.
- Always stepping up a layer: so phase 1 is web content businesses, stepping up a layer is becoming an aggregator; phase 1 is ecommerce biz, stepping up a layer is being an affiliate; what is stepping up from being an agency? What is stepping up from being twitter?
- Super-affiliates are the Wal-mart of the web. This will grow...
- Variables of social media properties, as looked for by financiers: eyeballs; network scale; lock-in; global reach; 'quality'.
Remaining challenges for media cos:
- Cannabalisation – they’re all worried about this and don’t know how this will emerge – my thoughts on this are: “eat yourself alive first or ultimately let others devour you”
- Ad-supported cornflakes syndrome – overwhelmingly they believe in ad-supported models, so do they realise that too many chase too few ad dollars?
- Peak attention – is a concept they don’t seem to be thinking about…
- Owning the relationship with the consumer vs reach via disintermediation and piracy - this seems like a damn hard one to solve
In summary:
- Big media cos still don't know what to do, but they definitely know what the challenges are now and are clearly working on finding solutions
- However, they're not (ahem) thinking outside the box - it's still advertising-supported everything, and it's still locked down command-and-control thinking - we needed Umair on the stage doing his 'decay' thing
- The event was attended by a good level of people but the networking side of things was tame
- The location and general slickness of the event was true to the FT brand - top-end stuff
- I went to find out where the entertainment and media orgs were up to so I'd give it a 7/10, but had I been going to learn it woulda been a 4/10 (but to be fair and decent this event isn't aimed at me, so it's a pointless score really!).
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