After attending a range of fascinating and provocative
conferences all through 2014 and hearing what the industry experts are
predicting for the future of media, I have decided to jump into the fray with
my own set of television predictions for 2015. Some are based on what I have
heard and some are what I see happening in my own consultancy work and
research.
No Dramatic Change Will Occur in the TV
Model in the Next 12 Months But … Cracks Will Appear
We are an industry that, despite its advancements and
cutting edge innovations, often pushes back against change. Part of this
reluctance is a fear of destroying a solid business model that is forecasted
five years ahead. As Richard Zackon of the CRE explained at the ARF this
summer, we get stuck in “legacy systems and legacy thinking.” But change is not only inevitable, it is now
almost uncontrollable. And with that recognition, companies are beginning to
grasp the consequences of inaction. I believe that there will be no wholesale
changes in traditional media this year but there will be more emphasis on
digital cross platform development and a more standardized measurement for it
so it can be better monetized.
TV Programmatic Will Be a Hot Topic and Will
Begin to Advance But …. Slowly
The ability
to automate portions of sales inventory is enticing for companies with excess
hard-to-sell digital inventory. But what about small unmeasured-by-Nielsen
networks that are challenged to quantify the performance of their inventory to
facilitate sales? These media companies may see the benefit in segmenting their
audiences and offering them via programmatic-like solutions. Even larger
national networks can benefit from segmentation. Turner’s Howard Shimmel noted
at the PeopleFronts this past year that “CPMs for W18-49 could be $10 but for
heavy soup eaters it could be $50.” Local is arguably closer to TV Programmatic
than ever before. MAGNA’s Janice Finkel-Greene announced an application with
WideOrbit a few months ago enabling “local TV programmatic on a national scale
that offers the ability to buy all broadcast across the US.” I predict we will
see advancements in this area in 2015 but will still be posting on age/gender
proxies. Sigh.
Scripted Content Will Reign in Television
But … Not Necessarily in Digital Video
Traditional television currently offers a range of content
formats from scripted to loosely scripted to reality to unscripted. Digital content
lends well to unscripted with the continued popularity of YouTube, for example.
As the competition for attention continues to apply stress to the traditional
television model, more effort will be directed into differentiating and
branding content platforms and distinguishing traditional TV with scripted
series. Bravo, E and VH1 have al recently announced forays into scripted. Expect
to see more networks doing so in 2015.
Cross Platform Measurement Standards Get
Closer to Acceptance But … Discussions Will Continue
Agreeing on
industry standard measurements for cross platform continues to be a heated
discussion but the need to find a conclusive solution to quantify multi-screen
content consumption has never been greater. We recognize that the next steps should
include “creating common GRPS that are measured across media… validate
impression measurement and agreeing to common ROI effectiveness measurements”
according to the ARF’s Gayle Fuguitt at their conference this past year. Discussions
are sure to continue through 2015.
There Will Still Be Traditional Commercial
Pods But … We Will Start to Get Creative
Commercial
pods as we know it will not disappear in 2015 but with the ever increasing use
of DVRs, networks need to find creative ways to entice the viewer to view and
engage with ads. More nuanced research using neuroscience has enabled
advertisers to better pinpoint the highs and lows of second by second viewing.
Greater implementation of these tools by advertisers coupled with more pod
curation by the networks could ameliorate pod erosion. In addition, the ability
to dynamically insert ads will move forward enabling better targeting and value
to the advertiser. “That is where we are going as an industry” according to
CBS’ David Poltrack at the DMW Future of Television conference, “We are making
our medium more effective.” Maybe starting in 2015?
This article appeared in full in www.mediabizbloggers.com
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