Tuesday, February 17, 2009

Video - The Beat Goes On!

Every time I ask a group who has recently watched television programming on the web, I get a substantial show of hands. A lot of them are thirty-somethings, so I don’t find it too surprising. I was, however, a bit surprised when I saw the headline in the WSJ Online recently saying that older viewers were being attracted to Hulu—long form video, especially entertainment programming. It turns out that “older” is 25-44 instead of the more traditional 18-24 video demographic, but it does point to a slightly different audience for time shifting by watching television programming on the Internet. Here’s a glimpse of today’s most popular on Hulu; it’s an interesting mix of program episodes and SNL snippets.
The growing power of online video is highlighted in ComScore’s December 2008 video report as published by Internet Retailer:

• 78.5% of the total U.S. Internet audience viewed online video.
• The average online video viewer watched 309 minutes of video, or more than 5 hours.

• 48.7 million viewers watched 367 million videos on MySpace.com (7.6 videos per viewer).

• The duration of the average online video was 3.2 minutes.

• The duration of the average online video viewed at Hulu was 10.1 minutes, higher than any other video property in the top ten.

The networks post their own videos and Marketing Charts recently reported the online stats for top programs. Almost 1.5 million unique viewers for Lost—amazing!

I’m still chewing on the “older” part of the WSJ headline, so I looked at Quantcast. The demos for Hulu are fascinating. The 50+ boomer group is represented, but the 12-17 virtually not at all. Jeremiah Owyang, who tracks the social media activity of the boomers, has often repeated that while they do consume social media content, most do not create it. That makes it easy for social media marketers to miss the activities of boomers on their platforms, so care should be taken.

Back to long-form video sites; who can you reach? Profitable, “older” demographics seems to be the answer.

The even more provocative question is the one asked in the WSJ article. Does this represent the real convergence of the television and Internet channels? If so, what are the implications? More “made for the Internet” programming, perhaps with emphasis on audiences that are slightly older than the general “YouTuber?” A long, slow downhill slide for television, as it continues to lose desirable eyeballs to the Internet?
Or have we not seen the full implications yet? Stay tuned to your favorite Internet video channel to find out!

1 comment:

Anonymous said...

I wonder how long until the movie industry meets the same fate as the record industry,? I bet more and more people will start making feture films on their own.