Despite macro-economic challenges, media companies across the value chain are under pressure to juggle technology experimentation with new business models and source revenue streams.
For media leaders to adapt quickly to evolving consumer habits, emerging viewing models, and new digital platforms, they need the technological flexibility to launch fresh services, reach new platforms, and grow their audiences.
Although it may all seem daunting, every challenge has a solution, and in this case, IP-based technology is holding the key and enabling media companies to deliver high-value content to their audiences. Striking now will be pivotal to long-term business success.
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The holiday season is almost here – and with its arrival comes a surge in TV viewership. It’s when brands look to reach consumers in the most effective and innovative ways possible. The possibilities of realizing better ROIs increase as content owners can enhance their reach and revenue with a higher inflow of ads. Streaming, the most popular TV viewing option during the holidays, offers advertisers and content owners a unified sweet spot to meet the bottom lines faster and deliver an exceptional experience to viewers.
FAST (Free Ad-supported Streaming TV), enabling lean-back viewing, offers unique ad experience advantages over AVOD (Advertising Video on Demand), which is lean-forward. Whether it is easy content discovery or offering more ad opportunities, FAST provides better monetization avenues for content owners.
Here’s how content owners can elevate their monetization strategy on FAST.
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The media landscape is constantly evolving, and businesses that want to succeed in advertising need to be able to adapt to change. One of the biggest challenges facing media organizations today is how to manage multi-revenue streams. With the rise of FAST (Free, Ad-supported, Streaming Television), businesses need to be able to sell advertising across a variety of channels, including linear TV, digital, and streaming.
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With big players in the industry leading the way, ad supported subscriber growth has turned into a key strategy for content owners and broadcasters, with many exploring this offering to reach users in new markets and grow subscribers. Global AVOD revenue is forecast to reach $70 billion by 2027 and while the concept of ‘free’ content is not new, ad-tech hasn’t kept pace with the pixel race for video quality. While technology limits the quality of ad delivery, broadcasters continue to miss out on the full potential of ad revenue. So, what is the current state of ad technology? And can codecs help broadcasters meet consumer expectations while also improving ad-engagement?
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Long-established media organizations that serve up our favorite films and episodic content are often sitting on an enormous amount of valuable media that could be the key to unlocking new revenue opportunities, whether it’s repacking existing programs for new streaming opportunities or enhancing a new program with rich archival material. However, you need a cost-effective way to rescue and reuse archived content from the siloed systems and labyrinth of formats and files accumulated over the years. It has to be an accessible component of your media supply chain.
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Oh no, back to haunt you….. the thorny subject of piracy keeps rearing its ugly head again. Attracting and retaining viewers, increasing market share, keeping all those digital plates spinning, lowering TCO – if you are running a streaming service, there are any number of other pressing priorities. And surely it should be job done tackling streaming piracy provided basic security provisions and contractual obligations are in place, right?
You must be joking. Streaming pirates are not only stealing content but stealing entire streaming services including hosting super aggregated rival services of their own and, as our latest research conducted by Ampere Analysis reveals, they are laughing all the way to the bank as they spirit away over $30 billion rightfully belonging to video service providers.
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After twenty five years we can say evolving from a codec company to a real-time streaming leader has reflected the broader changes in the media landscape over the past two decades. The rise of the internet, digital video technologies, and the decline of linear TV has led to new opportunities and challenges for the industry. Our focus on reliable client partnerships and stability and lightweight software products has helped us remain at the forefront of the industry. Looking ahead, we are committed to creating new solutions that help businesses and audiences connect via live video and remain relevant in the ever-changing media landscape.
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FAST. AVOD. SVOD. MVPD. vMVPD. OTA. These services represent the options available to content owners or aggregators to deliver entertainment, sports and news content from centralized hubs to individual consumers. Their goal is simple – expose and monetize their content libraries to as many consumers as possible. However, that doesn’t mean the consumer is top of mind when it comes to facilitating their journey to their content of choice.
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Linear TV isn’t dead, but the internet has changed it forever. At a time of global downturn, an increasing number of content owners are pinning their growth hopes on ad-funded live or VOD-to-live FAST channels. But drawing eyeballs and maximising ad revenues in this increasingly crowded marketplace will rely on more than just an EPG and good promos.
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In this IABM TV interview, Neil Thacker (Sales and Digital Marketing Manager, Playbox Technology) discusses how OTT delivery has revolutionised monetization in the broadcast and media industry.
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