Happy New Year! I’m pleased to present the 352nd edition of the VideoNuze podcast with my weekly partner Colin Dixon of nScreenMedia.
This week Colin and I share our top predictions for the video industry in 2017. We also look back at our predictions for 2016 and rate how we did, which was pretty good.
Listen in to learn more!
Click here to listen to the podcast (27 minutes, 33 seconds)
The numbers used to analyze the video ad market can be cut in many different ways.
According to the IAB, video ad spend on desktop totalled US$2.0 billion, or 7% of digital ad spend, in the first half of 2015. The peak body also listed mobile video spend, a figure of less than US$300 million for the period, in its H1-15 Internet Advertising Revenue Report.
Yet we know more than this is being spent on digital video. The IAB’s report doesn’t capture ads sold in over-the-top (OTT) TV content, programming which can be delivered via desktops as well as a range of other connected devices. Data from The Diffusion Group in April forecasts ad revenue from OTT TV will reach US$8.4 billion in 2015, a number well below broadcast TV’s expected $60 billion haul.
Welcome to 2012, a year that promises lots of continued growth and change for online video. Over the past few weeks, I've been posting a series of industry executives' top 3 predictions for online video. These 21 executives and their companies are on the front lines of online video's disruptive impact, and so their thoughts on what's ahead are both insightful and credible. Below I've summarized 3 key themes that I believe emerged, and have also provided links to the individual posts with each executive's predictions. Enjoy.
Theme #1 - Online video advertising matures There is a lot of optimism about online video advertising continuing to grow and mature in 2012. Specific points included increasing sophistication of agencies and brands with respect to ad buying and cross-platform campaigns, improvements in analytics, transparency and performance metrics, greater viewer choice and need for relevance, and the important role video ad networks are playing in the industry.
Theme #2 - Connected and mobile devices dominate Not surprisingly, many predictions focused on how connected and mobile devices are fundamentally changing the video business including influencing ad spending, the battle for the living room, on-the-go viewing, the role of the traditional set-top box and helping dual-purpose devices like game consoles (in particular the Xbox 360) gain significant traction.
Theme #3 - Content evolves Given executives' optimism about monetization, devices and viewing trends, content also seems set to evolve in 2012. Numerous executives pointed to how social and interactivity will drive more engagement. Some also see content gaining more intelligence/context and discoverability which helps producers and aggregators deliver more compelling experiences. Others highlighted the importance of new independent content initiatives such as YouTube's 100 channels and the increased availability of premium content online.
Taken together, the big winner in 2012 will continue to be viewers, who will enjoy more choice, better access and more flexibility due to online video's rise. Whether it's entertainment, news, sports, how-to or any other category of interest, online video will further empower viewers in 2012, driving more excitement and enthusiasm for this new medium, and putting pressure on existing players to take part.
Click the links below to read each executive's top 3 video predictions for 2012.
Following are 3 video predictions for 2012 from Ben Weinberger, CEO and co-founder of Digitalsmiths, a technology leader in the rapidly growing segment of video search and recommendations.
Following are 3 video predictions for 2012 from Gregg Winik, CEO of CineSport, a web video syndication company that offers sports highlights online and on-demand.
Following are 3 video predictions for 2012 from Kevin Schaff, CEO and founder of Thought Equity Motion which offers cloud-based storage, access and licensing services for master-quality video.
Following are 3 video predictions for 2012 from Dave Otten, CEO of LongTail Video, whose products include the JW Player, Bits on the Run, AddOns and the AdSolution.
Following are 3 video predictions for 2012 from Erick Hachenburg, CEO of Metacafe, a leading creator, programmer and distributor of short-form video entertainment for men.
Following are 3 video predictions for 2012 from Mark Trefgarne, co-founder and CEO of LiveRail, a real-time video ad technology platform for publishers, networks and agencies.
Following are 3 video predictions for 2012 from Tremor Video's Chief Revenue Officer Randy Kilgore, SVP/Chief Media Officer Jason Krebs and SVP/Chief Marketing Officer Melinda McLaughlin. In a first for this series, they are presented in a video. Tremor Video provides in-stream video ad solutions to Fortune 1000 brand advertisers and top tier publishers.
Click here or on the image below to view the video.
Following are 3 video predictions for 2012 from Diaz Nesamoney, founder, president and CEO of Jivox, a platform for interactive video advertising from creative customization to campaign execution and analytics.
Following are 3 video predictions for 2012 from Tremor Video's Chief Revenue Officer Randy Kilgore, SVP/Chief Media Officer Jason Krebs and SVP/Chief Marketing Officer Melinda McLaughlin. In a first for this series, they are presented in a video. Tremor Video provides in-stream video ad solutions to Fortune 1000 brand advertisers and top tier publishers.
Click here or on the image below to view the video.
Following are 3 video predictions for 2012 from Ian Blaine, CEO and co-founder of thePlatform, a leading white-label video publishing company. Ian provides further thoughts on 2012 here.
Following are 3 video predictions for 2012 from Bill Lederer, CEO of Kantar Video, the online and mobile video research and measurement unit of Kantar, WPP's insight and consultancy network.
Following are 3 video predictions for 2012 from John Petrocelli, VP of Sales and Business Development of AEG Digital Media, a leading provider of complete webcast management, technical media services and video optimization solutions.
Continuing our year-end series, here are 3 video predictions for 2012 from Scott Ferber, Chairman and CEO of TidalTV, a video advertising, optimization and yield management solutions provider.
Continuing our year-end series of industry executives sharing their top 3 video predictions for 2012, today's are from Thought Equity Motion's Kevin Schaff, LongTail Video's Dave Otten and Metacafe's Erick Hachenburg.
Following are 3 video predictions for 2012 from Doug Knopper co-CEO and co-founder of FreeWheel, which provides enterprise-level media companies with the infrastructure needed to create profitable content businesses in the new media landscape.