Video's Rosy Future
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Video hasn't had a great couple of weeks. The downturn that began with layoffs at Heavy and maniaTV has grown to include layoffs at both Veoh and everyone's favorite online-video geek farm Revision3. Clearly there's a shakeout happening. The online video sector, which was revenue-challenged to begin with, now faces the harsh realities of a rapidly decelerating economy.
Right about now, we all could use some good news. So consider this your good news featurette for the day. And like so many things, it comes in threes.
Thing one: 56 million views for the ongoing Sarah Palin-Tina Fey SNL shenanigans. That's a lot of views! While it could be called an outlier -- the fluke of a red-hot comedian and a left-field VP candidate combining to make comedy gold -- it's also a recurring sketch, and it shows how a major media player gets it and that an audience is now conditioned for this kind of viewing experience. And if you know the audience is going to be there, you can sell against it. (As a side note, NBC also offered up the season premiere of Fey's "30 Rock" on Hulu one week before the premiere.)
Thing two: Strike.tv. This is the byproduct of all those nice writers and their lovely and talented actor friends having nothing to do during last year's writer's strike. Featuring talent from "The Office," "The Daily Show With Jon Stewart," and "Saturday Night Live" and the funniest guy you probably don't get enough of, Bob Newhart. Why is this exciting? Because it highlights the continual migration of artists to the medium, and where the artists go, the money eventually follows.
Thing three: the volume of coverage online video now warrants. Two of my daily reads are NewTeeVee (and it's video cousin NewTeeVee Station) and Tubefilter. NewTeeVee covers a broad swath of all things related to online video, including the technology and corporate deal-flow. TubeFilter, on the other hand, focuses exclusively on scripted online video content. After exchanging e-mails with Tubefilter founder Brady Brim-DeForest, I also learned of a third entrant in the Web TV guide field called Tilzy.tv.
Founded in July, Tubefilter (kudos to it for letting me know of its existence by following me on Twitter) publishes news about online shows, such as the ad models they're pushing or the new forms of ad insertions they're using (e.g. "I can't believe its not butter stars in Republicrats!"), and a guide to Web shows. Founded by Brim-DeForest, Drew Baldwin, and Marc Hustvedt, the news service was begun specifically to "organize all the amazing content that was being produced," as Brim-DeForest put it. And given the volume of online programming, inevitably there's going to be a hit.
It really doesn't take much effort to look on the sunny side of this one. When I asked Brim-DeForest how he thinks the downturn will affect the online video space, he responds cheerily, "My opinion is that during an economic downturn, people actually spend more time and money on entertainment, and less on big purchases. Web television is free to watch. I predict the new year will see record audience numbers for the space."
Try to think about that rosy future as you try not to think about which friend or loved one may have to clean out his desk sometime before 2009.
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Todd Krieger, SVP for Denuo, has been doing pioneering work at the crossroads of media and technology for over 15 years. He's continually sought new ways to develop and monetize content, regardless of the platform on which it's distributed or consumed. In a newly created role at Denuo, Todd is responsible for the oversight and expansion of the agency's West Coast operation, with a focus on growing the company's content practice. In this role he seeks to demystify the changing landscape of content creation and distribution for clients, ensuring greater monetization for content owners and more efficient delivery of messages for marketers.
Prior to joining Denuo, Todd was executive producer at Yahoo Media Group where he developed and launched multiple entertainment properties and oversaw the creation of multiplatform programs. Before Yahoo, he was the senior manager of business development at Microsoft TV.
Todd has also written on technology and media for "The New York Times," "Wired," and "MIT Tech Review"; penned a book; and developed two pilots for television.
Article Archives by Todd Krieger
Four Predictions for 2009 - Jan 6, 2009
Weezer vs. Ben Stiller - Dec 23, 2008
Everything that Streams Must Converge - Dec 9, 2008
Monetizing YouTube's Massiveness - Nov 14, 2008
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