What is the Future of Television Advertising in A Connected Multiplatform TV Everywhere World Driven by VOD?
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Will traditional ad agencies find themselves out of the loop with brands looking to create more content to build brand loyalty? Is the 30 second spot dead in an VOD Cloud Entertainment world? Will brands become entertainment companies in their own right, using transmedia and more long-form video to retain and entertain consumers? Will Game mechanics play a larger role in the future? Win a Volvo once a month... TV Apps with brands building games like Angry Birds... creating super fans in communities with more than just bragging rights but also rewarding alpha users with virtual currency or goods? Or is Live events the only way for traditional advertising to survive in some form? Like Live in the Music Industry being the last vestige of profit - other than 360 deals.
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Answer:
In Short - Omnipresent. Specializing in TV ads would be like specializing in radio scripts - useless. Advertising as the main force behind media most of us consume was a short blip in the history of media - a history almost as long as humanity itself. It's not that brands and coalitions will no longer deliver messages and support content production, it will just be in a more subtle; hopefully more relevant and actionable way.
Evan Nicholson at Quora Visit the source
Other answers
Will quote this news piece by Muvi LLC"Cable industry advanced advertising consortium Canoe says ads stay fresher over time on cable https://www.muvi.com/tag/vod.Citing research conducted by Frank M. Magid, the joint venture said that ads on cable http://www.muvi.com that were viewed four to seven days after their initial airing outperformed general TV commercials, aimed at the same demos and viewed at the same duration after initial broadcast. According to the study, âbrand opinionâ was 14 percent higher and âintent to recommendâ the product or service was up 37 percent for cable http://www.muvi.com. Perhaps most relevant: âintent to purchaseâ was 3 percent higher.In addition the study found the VOD ads scored higher on ad receptivity metrics, scoring 22 percent higher in ad relevance than general advertising. The study also found a greater ad impact by 14 percent in consumers wanting to visit the brandsâ website."However, this is just the beginning. We are far away from a perfect ad model on TV Everywhere platforms.
Roshan Dwivedi
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