The month of May is the equivalent of the Super Bowl for brands and ad agencies. During this time, media companies announce direction for the coming year. The digital NewFronts were recently created as a means for publishers to gain greater attention and steal share from the television industry, which still commands a majority of ad dollars spent.
I was fortunate to attend a variety of the NewFront presentations and identified some key themes that emerged.
- Digital video is where it’s at. Publishers are focused on creating new online video franchises to compete for TV ad dollars. Depending on the publisher, advertiser opportunities range from custom co-branded videos to product integrations to sponsorship to pre/mid-roll placements. Publishers are investing in talent and quality production to swoon advertisers.
- Examples of new video franchises include:
- Big Problems/Big Thinkers – Bloomberg (@BloombergTV): Academy Award-winning filmmaker Steven Soderbergh and journalist Terre Blair have paired up to create a series with major politicians and leaders to discuss major world problems and potential solutions.
- Chance – Hulu (@hulu): Hugh Laurie (House) will star in a psychological thriller as a neuroscientist.
- Time 100, The Influencers – Time: Through interviews of unique pairings, such as President Barack Obama and ballet dancer Misty Copeland, influencers react to the impacts of each other’s work and accomplishments.
- Examples of new video franchises include:
- Virtual reality is the next big thing. While details are scarce at this point, publishers are ready to tap into the immerse experience that VR can provide.
- Key announcements include:
- Hulu enters into a partnership with Live Nation (@LiveNation), where they will make select concert performances available to VR users.
- Time Inc. (@TimeInc) will begin releasing VR content on behalf of its brands such as Time, People and Sports Illustrated…including the fan-favorite, SI Swimsuit franchise.
- Key announcements include:
- Live streaming expands. Key announcements were made with regards to live streaming, either as a platform for TV content or general entertainment.
- Hulu will offer a new platform for live sports, news and events in early 2017 (price point has yet to be announced).
- Yahoo is focused on live streaming sports free, without authentication. They will stream 400+ events in the next year, including a focus on MLB and NHL.
- In the case of Buzzfeed (@BuzzFeed), utilizing Facebook Live has finally reached TV-like viewing scale. As of late April, the rubber band/watermelon experiment saw 800k+ concurrent views and 10MM+ total views. Live streaming will invite hiccups though, as many witnessed with the Facebook Live event with President Barack Obama. Some technical glitch on Facebook cut the live-streaming interview short, but thankfully they were simultaneously streaming on YouTube, so all was not lost.
Note, I attended presentations for Buzzfeed, Bloomberg, Hulu, Yahoo, Time Inc. & YouTube, so examples are drawn from those presentations. For a full recap of the highlights, please see Cynopsis Media’s wrap-up from May 16th (here).