Showing posts with label ViacomCBS streaming. Show all posts
Showing posts with label ViacomCBS streaming. Show all posts

Jun 29, 2021

Understanding Gen Z and Millennials with ViacomCBS' Wired for Mobile Study

One of the most fascinating generations is Generation Z, born between 1997 and 2015, the first to be born totally within the digital age. How can programmers and marketers better understand this unique population and how does it compare with Millennials, the generation that preceded it? 

ViacomCBS just completed a seismic study called Wired for Mobile and has a few answers and insights on the subject.

“The study delves into how devices have really changed the ways that Zs and Millennials not only see the world but learn and consume news and information and what role they play in connections with each other with brands and with culture at large,” explained Tristan Marra, VP, Ad Sales Research and Insights, ViacomCBS.

The national study, conducted between June and September 2020 at the center of the pandemic, included a range of methodologies from Desk Research, Digital Quals, Deprivation/Alteration exercises, Expert interviews to, finally, a 3500 respondent quantitative survey. The results underscored the vital importance of mobile. “While there are still a lot that connects Zs and Millennials regarding phones and technology, there are some nuances that we uncovered,” Marra began.  Generation Z are mobile natives and as such, their cellphones are critically important to them. “Their cell phones are inextricably woven into their DNA. There is no separating from them entirely. It’s just so fundamental to who they are,” she revealed. Because of this, they experience the world very differently from generations before them.  

Takeaways

The Complexity of Relationships – The relatively easy access through social media impacts the strength of relationships and creates nuance and complexity in how Gen Z prefers to connect from a text to a DM to a phone call. “The number of platforms we use to connect has been growing rapidly and becoming more nuanced. Because of this, relationships that Zs and Millennials have are also becoming more complex,” she revealed. Levels in relationships – from weak ties like with your local barista or friends of friend to strong ties like with your family - have their own rules and ways of preferred communication. Both are important in boosting happiness, creating a sense of belonging and facilitating discovery.

Unfortunately, “during Covid, we are challenged to having those brief chats, at least in person with our weak ties,” Marra noted. But the pandemic generated other forms of communication that helped facilitate connection. “What we are seeing now are different levels of intimacy. Because of social media, those weak ties that used to exist on the fringes were pulled in a little closer.”

Sharing content is integral to both Zs and Millennials with the top being content that is funny (even more so for Zs), photos or personal stories (for Zs) and inspiring content (for Millennials). Yet, despite the ability to bond via a range of platforms and channels, many Zs expressed a sense of loneliness that might be attributed partly to the virtual-ness of their smartphones or because of the pandemic … or both.

The Age of Mutual Influence – “There used to be a separation between celebrities and authority figures and us,” Marra noted. But that has now broken down as a result of social media which has changed the dynamic. “Now, there is an expected two way relationship between celebrities or brands and followers or fans,” she added. Further, social media enables both the celebrity and fan to interact and respond to each other. “Now that is the expectation. Fans and followers expect that two way relationship between themselves and previously unattainable figures,” she explained, creating a new set of standards for followers.

Take note marketers - These expectations also apply to Z’s and Millennial’s relationship with brands. “One way statements are no longer enough. Youth today expects brands to engage them honestly and personally where both sides are contributing equally like regular human relationships,” she concluded. For both generations, Instagram is proving to be the preferred platform to engage with brands. But brands should be careful not to be creepy by using personal information for targeted ads. This is a turn off for Zs.

Empathetic Facts  - Which is, “how social media  and an earlier, wider world view has made it complicated for youth today to decipher fact from opinion,” Marra explained. This blurring of fact and opinion holds a particular danger for an increasingly divided and complicated world. According to Veronica Fabiani, Director, Ad Sales Research and Insights, ViacomCBS, “Over 70% of young adults hear news on social media first. That means that it is filtered through that personal lens or, at very least, it is very open to opinion and comment. Only 14% of 15 year olds can tell the difference between fact and opinion.”

The challenge today is to help Gen Zs make sense of the facts without going through the filter of social media. It is not easy but the study’s Deprivation exercise may offer a solution. Respondents indicated that when they consciously avoided their smartphone’s social media feed for a certain length of time (as part of their participation in the study), it helped them step back and process how they felt about the news without all of the feedback and reactions that posts collect in real time.

When does too much become too, too much? “It is unique to the individual and dependent upon the day,” Fabiani began, “Social media has given them access to unfiltered news and current events whether they asked for it or not and because Zs are the most diverse generation in history, they already know more people that are different from them. As a result, they are more empathetic.”

Digital Nutrition – Sadly, the stress of the pandemic as well as the potential loneliness cultivated from communicating virtually has created a need for mental health for some Gen Zs. Fabiani noted that, “Six in 10 agree that they sometimes feel like their smartphone has a negative effect on their mental health but not having their smartphone with them, they would miss out on important things.” Digital access offers opportunities for wellness, “seeking that balance of media for both meditation and emotional safeness,” according to Marra.

But it’s not all doom and gloom. “Phones are used as an emotional defense mechanisms by both Millennials and Gen Zs who are looking for content to help them self soothe and protect boundaries and seek out apps to help generate this peace of mind,” stated Fabiani.

“Americans now check their phones 96 times a day,” she added, “And when it comes to social media, 44% of Generation Zs say that they check in at least hourly with 7% checking in more often than every 15 minutes,” creating a digital pacifier when they are lonely or afraid. They seek meditative media to mindlessly consume where they can take a break and have a mental pick me up to feel better. This is particularly true of Gen Zs rather than Millennials. “The content they are choosing is driven by emotion and largely that emotion is happiness more than being inspired,” she noted.

Conclusion

The insights from the study are not only useful for programmers, they can also help guide marketers to effectively connect and resonate with both Zs and Millennials. “This was such a big study. We talked to so many people and we got so many insights. It was hard, in a good way, to prioritize the important insights. We got there in a way that was meaningful,” Marra concluded.

 

 This article first appeared in www.MediaVillage.com


Apr 8, 2021

The New Streaming Culture. A Look at the New ViacomCBS Streaming Study.

As we begin to turn our attention to the post pandemic, pertinent questions are being raised as to how the past year might have changed consumer behavior and if these behaviors are permanent or transitory. ViacomCBS commissioned a ground-breaking study using cultural tracking, a nationwide quantitative survey and consumer and expert interviews to craft a highly nuanced look at audiences and their individualized content pathways. The result is The Culture of Streaming study.

The Culture of Streaming Study

On-demand content today is more than just leisure consumption. It’s a library of feelings that enables us to explore fantasies and craft identities. In other words, because of the hyper-personalized way we consume content today and our dislocating experiences during the pandemic, content now connects deep into our psyches. This holds valuable lessons for marketers and media planning.

Ø  Borderless Identities. With the explosion of accessible streaming content and personalized algorithms, consumers now have the opportunity to explore and craft private identities. “In our study, 41% say that there’s a show, movie or online video that they love to watch that a stranger would find surprising or funny because of how their life would appear. Advanced targeting capabilities can model your audiences and find ways to connect with them wherever they are and beyond a broad demo classification” explained Mary Kate Callen, Vice President, Creative Strategy & Cultural Intelligence, Velocity, ViacomCBS. The lesson is that marketers must refocus their targeting strategies as legacy demographics no longer work. 

Ø  Library for Living. Content helps us find meaning, regulate emotions and guide new areas of personal growth. “People are complicated and nuanced and our ability to forge our own micro-culture identities has been accelerated by access to different content, culture and experiences,” she noted. Therefore, quality culture-defining programming is now a must-have for marketers.

Ø  Intimate Screens. Because of the intimacy of screens, the content we consume fosters a sense of belonging which can sometimes lead to obsession. She explained that, “If people don’t always fit into boxes, we need to advance the way we think about finding those audiences and where they are.” The takeaway is that marketers need to reach all screens at scale.

The Impact of the Pandemic

The rise of streaming over the last several years has enabled viewers to have more control over their own entertainment and content toolkit,” explained Callen. She noted that the pandemic has accelerated those behaviors in the following ways.

1.       More control over when and how one consumes content. “Thirty percent of Americans say they’ve snuck in watching content while they were supposed to be working,” noted Callen.

2.       Using content as a portal and a salve to manage emotions. She noted that, “Americans are using content as therapy and as a way to connect to others and to process a complex and uncertain world.”

3.       New streaming services were launched and existing streamers pushed a lot more content during the pandemic. As a result, many people missed physical connection so they glommed onto standoms and connected with others via content. “Thirty percent found themselves ‘going down an internet rabbit hole’, tracking down content across media and 9% or about 20M thought about getting a tattoo based on a show,” Angel Bellon, Senior Director of Creative Strategy & Cultural Intelligence at Velocity, ViacomCBS, shared.

According to Callen, these current behaviors are accelerators. “We believe many will last beyond lockdowns. Of course, as office work and commutes return to normal, some of the time spent shifting content may reduce but also may not go away entirely as remote and hybrid work environments will be more common.  What we do expect to continue post-pandemic is the ability to control your own content toolkit.”  

The pandemic also created a greater sense of family who were grateful for the extended quality time they shared with each other. “Content brings families and people closer together. Nearly 1/3 of people have deepened their connection with someone because they realized they were fans of the same show,” expressed Bellon who added, “Thirty percent of people have found someone more attractive because of the TV shows they loved.”

The Role of Technology

Algorithms help to guide content engagement, “and with so much choice, curation is necessary,” explained Callen. “But,” she added, “this year, ‘what did you do this weekend’ was replaced with ‘what are you watching.’ The desire to connect with others through shared viewing – either via live or linear – has never been greater. People found shared connections with others through fandom of a show.”

In fact, Bellon explained, “We are seeing the rise of a Content FOMO! It used to be about experiences but now it’s about shows. In our study, we learned that 71% says they’ve been excited to talk with someone about something they watched but couldn’t because the person hadn’t watched it yet.”

The degree to which fans are willing to forgo certain things if threatened with missing their favorite show’s finale was surprising; 33% would give up using social media for a week, 19% would give up caffeine for a week, 17% would give up romance for a month, 10% would give up showing for a week, 10% would pay $50 for a single episode, 7% would forgo a professional haircut.

The Impact of Content

This past year, content became an outlet, an escape and, “a place for storytelling that connects us to our emotional well-being. Fifty percent of people have used a show, movie or online video as a form of therapy. Twenty-eight percent of people claim that a TV show has already helped them become a better person,” stated Callen. 

According to Bellon, “We see nostalgia as having evolved into more of a timeless present – nostalgia for your own past but also nostalgia for a past you yourself didn’t experience. Gen Z are watching shows that they weren’t alive (or too young) to have watched the first time.  Twenty-six percent of audiences have become obsessed with a show that was popular before they were alive.” This exploration for content is expected to last long after the pandemic is over.

The Path Forward

At this pivotal moment, marketers need to refocus their targeting to better engage and reach borderless identities, connect with quality culture-defining programming and reach all screens at scale. This can be achieved by employing ViacomCBS EyeQ which is an integrated product suite that enables planners to be where the pertinent audience is, no matter how eclectic, unexpected and varied their navigation through content might be. To view the full report click here.

 This article first appeared in www.MediaVillage.com