Covers the effects of the online space on the entertainment industry, and how advertisers can reverse the detrimental trend that is now being faced. Assigned in creative planning - taught by Justin Cox - the assignment was to choose any industry and analyze the affect from digital.
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Digital entertainment industry; a point of view.
1. entertainment of digital industry
A
point of view on the effects
nnual theatre revenue has
by paris daniell
reached a flattening trend,
while other entertainment
sources take part in consumer
mindshare.
Marketing costs are a large
portion of a movie’s budget, and Causing a shift in theatre experience.
big time studios such as Warner People treat the movies as a social
Bros are looking to digital as a experience. Higher ticket rates, better
way to stretch their ad dollars. home theatres (price, picture, and
Tertiary entertainment sources pause button), forced advertising,
are a result of the internet, making and less freedom are all detracting
digital a complete game changer elements in the theatre experience.
for the entertainment industry. People now see their home theatre
Theatre audiences are highly as a main source of entertainment;
digital and connected. Now the the digital television is becoming the
movie industry must find where ultimate home theatre, with streaming
they’re at and have a relevant and content such as Netflix Watch
engaging conversation with them. Instantly features - a cost efficient
Using the online space can reduce 8.99 a month for an unlimited amount
ad spend with better consumer of streaming movies on demand
targeting, in comparison to a high including one mail-in DVD.
reach low frequency medium such
as T.V.
The film industry must
focus on the experiential
element of the movies;
and make their
advertising social, on
3-D movies are a niche filled only by theatres, for demand, and engaging.
now. Drawing audiences for unique experiential The catalyst for digital
movies at a premium price. Though competitors like interaction with a movie
LG’s 3-D televisions threaten this sweet spot. theatre is based on impulse and related to local
Piracy and the internet; how has showing times and an audience’s spare time.
the film industry countered the Using digital as a platform for advertising must not
threat? In the past national and only include social, but other elements of the online
international film releases were space. For instance, Facebook connect, twitter,
staggered – providing an extended Google Buzz, Integrated Sales, etc, can be integrated
income window. As a result of internet piracy – the into rich media ad’s and enable consumers to get
film industry has had to release movies on a global friends to go to the movies with. De-siloing online
level. Preventing the rug from being pulled under advertising is the first step to a stronger digital
the studios before release. Many argue that piracy campaign for films, but it will take strategy that is in
is a result of the industry itself – because of an line with consumer needs.
environment they have created in interest of greed.
parisdaniell.com . april 2010 . entertainment industry P.O.V.