I have learned the following from the 20th Asia TV Forum & Market 2019 held at Marina Bay Sands Expo from 3rd to 6th December 2019:
1. Streaming
The video streaming market in the year 2019 is worth USD25 billion and is projected to double by the year 2023. Free-to-air TV will fade away to streaming video-on-demand and subscribed (paid) video-on-demand (SVOD). The SVOD space is getting very crowded with Amazon, Apple & Disney, joining Netflix and HBO in the global market, among the many incumbents. I think the year 2020 will be a blood bath for SVOD players.
2. Community based TV
These networks create special interest group communities through social network and crowdsourced ideas, putting these ideas to a vote in the community. The selected ideas/content are then developed using resources, crowdfunded from the community. Eg. The Chinese LGBT community.
3. Alliances
Strategic Alliances that create online entertainment that is pertinent to specific end customers with special needs. For instance, creating videos appropriate for airline or bus rides, like ensuring that the content family friendly, tab bite-sized duration and easily downloaded/viewed from the mobile phone. That means planning visuals for the very small screen.
4. Format
The viewership of long form videos (more than 20mins) are overtaken by short form videos in the year 2018.
Further, micro-form videos like Tik Tok, Haokan, KuaiShou,...etc are gaining traction very rapidly and may overtake short form videos. Micro-form videos started in the 3rd and 4th tier cities in China, initially catering to young people 15-30 years old. It has now spread to big cities and a cross-section of demographic.
Sponsors like shorter or micro videos because they are easier to plant brand advertising in them and monetise.
5. Product placements
Brands have invaded the short form space. For true story telling unfettered by advertising, short films will have to be funded from sources independent from commercialism. Eg. 15 Shorts and Storeys, in Singapore.
6. Making content travel
a. This can happen by leveraging on countries with similar language and cultural background.
b. Using actors that are known in the countries you are selling to.
c. Remaking of content with actors local to the target market.
7. Good Content
Good content will live longer in the Internet ecosystem of Over-The-Top (OTT) web streaming platforms, as it gets relaunched and re-licensed many times in many platforms.
Other posts...
ATF 2018 - What I Have Learned
The Future of Cinema and TV
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