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Broadcasters and Media Organizations Leave Revenue on the Table, According to Global Consumer Study by Avid and Ovum
37 percent of viewers will pay for high-quality personalized content — whether current or archived; 65 percent identify image and audio quality as a key driver of enjoyment
Sixty-five percent of consumers surveyed identified image and audio quality as the key driver of enjoyment, and 37 percent said they would pay for archived episodes of their favorite shows. However, their willingness to pay is highly dependent not just on their personal preferences, but also on the situational context in which a content offer is being made.
"Producers and content service providers will protect and maximize the
value of their media assets when they can dynamically match content with
context," said
Broadcasters say they recognize these untapped monetization opportunities, but are challenged to maximize asset value with their current systems. An earlier Avid and Ovum survey of media executives found that 33 percent of existing content could be monetized to take advantage of those opportunities, but most of that archived material is currently inaccessible.
"Broadcasters and advertisers are under tremendous pressure to
simultaneously grow profits and audience share," said W.
Additional conclusions from this research include:
-
A multi-platform strategy can drive appointment-based viewing:
Giving audiences the opportunity to catch up and discover new shows
on-demand can drive appointment-based viewing. Audiences like using
multi-platform, Web-video services, whether delivered via subscription
video, on-demand or catch-up models, to experiment with new shows at
their own convenience.
- 39 percent of respondents said they discovered new shows through trailers shown on TV, followed by channel surfing at more than 20 percent and recommendations by friends at 17 percent.
- 14 percent of consumers are testing new shows online, or on tablets or smartphones.
- 30 percent of consumers who test new shows through online services return to appointment-based viewing once they become fans.
-
Second screens create opportunity in mass media events: It is
becoming vital for live broadcasters to deliver content to the second
screen that can capitalize on the additional engagement potential of
these devices.
- Local or national pride and excitement were the biggest reasons viewers watched mass media events such as the Olympics.
- While watching the Olympics on TV, 63 percent of viewers were simultaneously using PCs, tablets or smartphones to gain access to related information.
Survey Methodology and Background
Avid commissioned Ovum to conduct a direct survey of consumers to
identify patterns of consumer activity and find associated impacts on
monetization models for premium video content. Researchers fielded a
Web-based survey of 3,011 consumers across the U.S.,
About Ovum
Jointly awarded IIAR Global Analyst of the Year 2012, Ovum provides clients with independent and objective analysis that enables them to make better business and technology decisions. Its research draws upon over 400,000 interviews each year with business and technology, telecoms and sourcing decision-makers, giving Ovum and its clients unparalleled insight, not only into business requirements but also the technology that organizations must support. Ovum is an Informa business.
About Avid
Avid creates the digital audio and video technology used to make the
most listened to, most watched and most loved media in the world — from
the most prestigious and award-winning feature films, music recordings,
television shows, to live concert tours and news broadcasts. Some of
Avid's most influential and pioneering solutions include Media
Composer®, Pro Tools®, Interplay®, ISIS®, VENUE, Sibelius®, and System
5. For more information about Avid solutions and services, visit www.avid.com,
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© 2013
PR Contact:
Avid
amy.paladino@avid.com
Source:
News Provided by Acquire Media