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Monday, October 20, 2014

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Analysis for 'Reality Digital'

  • 15 Seconds of Fame (15sof.com): A Broadband, Social Media-Based Version of "American Idol"

    Andy Warhol's famous quote that "everyone gets their 15 seconds of fame" is the inspiration behind a new web site called 15sof.com that is like a broadband, social media-based version of the hit show "American Idol," but created and promoted at a fraction of the cost.

    15sof.com is meant to capitalize on the growing subculture of society (that tends to skew younger) who are either seeking fame and fortune or want to influence the process of who attains it. These motivations have been the key forces behind the explosion of reality-based contest shows now running and arguably drive many of the most outlandish stunts seen on YouTube.

    15sof.com's founder/CEO John Bonaccorso explained to me that the site offers aspiring contestants a simple but novel proposition: pay $1 to submit your 15 second (max) video to one of the myriad contests running at any one time on 15sof.com. The community then votes on the submissions and moves a handful of contestants on to subsequent rounds where lengthier videos are accepted. The prize money is funded from the contestants' fees. Contestants can enter as often as they'd like, but precautions are in place to prevent voting fraud. 15sof uses a white-label social media platform from Reality Digital, which I last wrote about here.

     

    With current top prizes in the $25-$100 range, nobody's going to get rich, but they will gain visibility and of course psychic gratification. As John explained, particularly for the high school and college-aged drama crowd, 15sof.com offers them an opportunity to show their stuff, which is plenty enough.

    15sof.com is itself a pure social media creation: John said the site hasn't spent any money yet on conventional marketing. Instead it has built awareness and participation solely through Facebook, MySpace, Twitter and other social media platforms. In the world of 15sof.com - and many other social sites and apps launching today - there's no need for tune-in ads, billboards or other expensive marketing tactics. Sites like 15sof.com grow out of the burgeoning social community, dominated by the young. John wouldn't disclose numbers, but said the site beat its first month traffic goal in the first 3 weeks. That's no indication of future success, but it's a good start.

    For me, there are 2 other noteworthy aspects of 15sof.com. First, the site reflects yet another example of "purpose-driven" user-generated video, a concept I've explored in the past in connection with Unigo, a start-up trying to use student-created videos to disrupt the college guidebook industry. The "purpose-driven" video idea is to get the multitudes of amateurs whom YouTube introduced to video to turn their newfound skills and passion toward something more remunerative and possibly productive. Purpose-driven video concepts are proliferating. Most notable are the myriad brand-sponsored consumer video contests and also the many sites featuring user-created how-to videos. I continue to believe there will be many bona fide business opportunities based on purpose-driven video.

    Second, 15sof.com also illustrates the evolving interplay between online and on-air programming. We are starting to see how programs born in one of the mediums can create a variation in the other, or where a concept can migrate from one medium to the other. For example, John's vision is that 15sof.com - the spawn of American Idol - could itself eventually become a TV show. Another example of this phenomenon is Scripps Networks' Food2, where new talent being showcased could eventually graduate to programs on the Food Network itself. I suspect some of this multi-platform thinking is behind Ben Silverman's new venture with IAC. My point is that broadband is giving programmers a lot of new flexibility in how they bring their creative concepts to market.

    Meanwhile, if you're expecting to find yours truly belting out a song on 15sof.com, you'll have to keep waiting. I'll be here hiding behind my keyboard.

    What do you think? Post a comment now.

     
  • Reality Digital Pursues SMBs with New Harmony Social Media Platform

    Yesterday, Reality Digital, a player in the white-label social media space, announced "Harmony," a new self-service social media/online video sharing platform targeted to small-to-medium sized businesses. SMBs are getting a lot of love recently as more and more technology providers are realizing there's opportunity to serve them (see post on Jivox and Pixel Fish earlier this week for more).

    Cynthia Francis, Reality Digital's CEO/co-founder explained to me that Harmony was borne out of interest that smaller prospects were showing for its Opus platform (which powers such projects as the NFL's "Replay Re-Cutter"). However, with its cost of $50K or more per year, Opus was out of reach for many.

    Reality Digital was also seeing a lot of SMBs simply using WordPress and YouTube to cobble together a community/video presence. So Harmony's goal was to improve on this, enabling SMBs to go beyond template-only social community building and video sharing. Among the differentiators Cynthia sees for Harmony are full drag-and-drop configuration, 100% branding control and self-service advertising in addition to the core community-building and video tools.

    Most big media companies have now embraced social media to one extent or another. The main challenges with these efforts are keeping the community vibrant, safe and engaging. For resource-constrained SMBs, these issues will take on even greater importance. Still, with video so inexpensive to produce and all businesses striving for customer loyalty, it is appealing to give social media a try. Harmony makes it easy for SMBs to dip their toe in and test to see if it is right for them.

    What do you think? Post a comment now.

     
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