The Web Video Marketing Council (WVMC) has released its 3rd annual report on online video marketing showing that 93% of respondents are using online video for marketing, up from 84% in 2012. Also, 71% said they are increasing their budgets in 2013. The report surveyed over 600 marketing professionals about their use of online video in mostly B2B and some B2C organizations.
One of the more interesting findings was that 60% of marketers are using online video on e-mails, an increase of 8% from 2012. About 82% said that integrating video with email marketing was either “effective” or “very effective” and has had a positive impact on sales and marketing.
Late yesterday Netflix reported its Q2 2013 results that were mostly solid, although U.S. net subscriber additions were a little lower than many expected. Beyond the results themselves, it was the method by which they were discussed that was noteworthy - for the first time via a live-streamed video Q&A session, powered by Google Hangouts (embedded below). CEO Reed Hastings, CFO David Wells and Chief Content Officer Ted Sarandos were peppered with questions from CNBC reporter Julia Boorstin and BTIG analyst Rich Greenfield.
As Hastings said upfront, the format was meant to emulate a more informal, "fireside chat" style discussion, as opposed to the typical, highly structured quarterly audio conference call with Wall St. analysts. No doubt reactions to the video Q&A are subjective, but I liked it a lot and believe it should be a model for other companies to follow. Importantly, the Q&A was another example of the expansive role online video can play not just in entertainment, but also in communications.