In today’s TheTVNews “New Media / New Marketing” video report (which is embedded below at the end of this post), I talk about the tectonic shifts in the online video and TV advertising spaces. Video and TV advertising will never be the same as advertisers take advantage of new video-enabled advertising and marketing tools that are far more targeted and responsive than traditional TV could ever provide. Clearly, the old broadcast “shotgun” approach to advertising is rapidly going the way of the horse and buggy. Today’s advertisers rightly require accountability for their valuable advertising spends.
Also, unlike, traditional TV advertising which is still extremely large in scope, the upstart online video advertising market is continuing to grow rapidly. According to one study, it grew 27% in 2012 and will grow at least 20% next year as well.
For your reference, here are a few links that provide more in-depth insight into these changes in the video-related advertising marketplace, including a new research study on “native video advertising” and a New York Times perspective on “programmatic buying.”
1. ReelSEO: Native Video Advertising Drawing Much Interest from Major Brands which references this Forbes study, ”Going Native, How Marketers are Reinventing the Online Video Advertising Experience,“
In the words of the Forbes/Sharethrough study, ” ‘Native advertising’ has emerged as the convergence between original brand video content and dramatically new approaches to distribution that ensure an ad matches the look and feel of a website and does not interrupt the viewing experience in the manner of a television commercial.”
My favorite native video advertisement is the Red Bull “Athlete Machine Kluge” embedded here, but click on “YouTube” in the lower right corner of this clip to view on YouTube… and turn up your volume!
2. NYTimes: The New Algorithm of Web Marketing
Not only are we living in the era of the empowered consumer, but we are also seeing advertisers take on new power as “programmatic buying” technologies allow advertisers, not media companies to set advertising rates based on the real value of the highly-targeted consumers.
This is a major new trend that I believe can be expected to accelerate rapidly. And, as with all rapid changes, there are those who are dragging their feet. The Times reports, “That shift is punishing traditional online publishers, like newspaper, broadcast and magazine sites, who are receiving a much lower percentage of ad dollars as marketers use programmatic buying across a much broader canvas. Some sites, like CNN.com, refuse to even accept advertising through programmatic buying because they do not want to cede control over what ads will appear.”
Everything old is new again, especially in the online video advertising and TV spaces. Here’s my video comments about what’s linked and discussed above:
As always, I look forward to your thoughts and feedback!