Tag: marketing

  • How can you capitalise on the imminent “explosive growth” of live music in China?

    How can you capitalise on the imminent “explosive growth” of live music in China?

    Although many of the global headlines regarding the Chinese music market have focused on recorded music – in particular the deals between the Western record companies and Tencent, NetEase and Alibaba – the country’s live music industry is also growing at an incredible rate.

    In its Global Entertainment And Media Outlook report last year, PWC reckoned that the Chinese live music industry was worth $217 million in 2016. Which is still relatively modest given the size of the market, but the report also predicted that the recent rapid growth of the sector will only continue, so that it will be worth $301 million in 2021.

    The report noted that the Chinese live entertainment market has “until now” been tagged as “a sleeping giant”. It went on: “Australia, with a population of just 24 million, currently has a greater music market in terms of total revenue on account of its superior live industry. Not for long: China’s music market is sprinting”.

    Speaking to IQ magazine last year, the founder of one of the many festival franchises that has emerged in China in recent years, Storm festival’s Eric Zho, concurred with the stat-compilers over at PWC. Reckoning the Chinese live music market was still “nascent” but maturing by the day as consumers become “more refined” in their musical tastes, he declared: “We’re on the cusp of explosive growth”.

    That explosive growth creates huge opportunities for artists and music entrepreneurs in China, and also for the global music community. China’s own live industry is still evolving, though a number key players have already emerged – of which Modern Sky probably has the highest profile outside the country. Though the aforementioned Alibaba has also moved into live as well as recorded music, and the web giant is also now active in ticketing.

    For international artists and music companies, capitalising on the live opportunities in China requires understanding quite how live entertainment works in this market, and finding the right partners based in the country. Back in that IQ interview, Zho remarked: “When foreign companies come here they don’t know what to do – China is a unique market, and unless you figure out how to localise, to work with local partners, you’re never going to win”.

     

    Source: Complete Music Update

  • The Quest For Brand Awareness

    The Quest For Brand Awareness

    It’s always fascinating to compare how you see your place in the market with how others see you. If you’re in a very small market like New Zealand and you look out, you see the whole world before you. There seem to be endless opportunities.

    But step around to the other side of the world and look back, and you see a market like New Zealand from a completely different perspective. It seems small and hard to find.

    The issue of course is not specific to place brands. It’s applicable to all brands that are small in comparison to the scaled markets they would like to reach. The brands themselves see a panorama. The world looking at all the choices available to them from so many sources discerns barely a speck.

    This is quite literally ‘funnel vision’. Your perspective depends entirely on what end of the funnel you are looking from – the scaled end or the narrow end.

    The only way that situation can change is when the brand at the narrow end finds ways to increase its profile and presence, so that it literally looms larger in the minds of those far away. Search and social media can help do that. Partnerships and supply chains can also add proximity.

    In the Southern Hemisphere, we talk a lot about the tyranny of distance. But in actual fact, the problems many of our brands face, like the problems small brands face in any scaled market, is the tyranny of profile.

    What is not seen is not missed.

     

  • It’s time to add that marketing varnish

    IBTimes was one of the fastest-growing business sites of the past year, up 38 percent to 21.5 million uniques, according to comScore. But it’s still unknown in ad circles.

    The site is the flagship of IBT Media, an 8-year-old digital publishing company that many people first heard of when it bought the struggling Newsweek two years ago. IBTimes was a heavily aggregation- and search-driven site where writers were incentivized by traffic bonuses. Since then, it has made moves to bring respectability to the site. Under global editor-in-chief Peter Goodman, a vet of The New York Times and Huffington Post, the site has made about 45 editorial hires, including established journalists like David Sirota, Eric Markowitz and Laura Hibbard.

    Goodman said they’ve helped make a mark with stories like Clinton Foundation Donors Got Weapons Deals From Hillary Clinton’s State Department, which got more than 30,000 likes on Facebook; and Why Two of America’s Biggest Prison Tech Companies Are Battling Over Patents.

    Now, the site is turning its attention to the business side. It has just hired a chief marketing officer in Mitchell Caplan, formerly of McCann and Y&R. There are plans to hire as many as 50 people across sales, marketing, tech and analytics.

    “We’ve made a lot of progress, and now it’s time to add that marketing varnish,” said Etienne Uzac, who founded the company with Johnathan Davis. “We’re very editorial-heavy right now.”

    And varnish is wanting. The site has been working largely with ad networks, so most of the ads on the site are retargeted. The site makes ample use of that derided tactic, video ads that play continuously with the sound on. What sponsored content ads there are are programmatically powered by Nativo, a third-party native ad platform.

    But programmatic has its limits, which is why the company is turning its focus to more lucrative direct sales. Along with that, it’s trying to capture more user-registration data, to enable better ad targeting. It acquired Fashion Times LLC in May to diversify its ad base.

    “At the scale we have, there is a limited amount of revenue that can be generated through pipelines,” Uzac said. “There’s still a lot of money to be made from direct. We have a global viewpoint. So I think we’re going to be a great fit for international campaigns.”

    Other publishers have had a couple years’ head start creating in-house units to attract advertisers’ branded content dollars, though. The hope for a new player like IBTimes is that it uses competitors’ missteps to come up with better products, said Brian Ko, managing partner for digital at MEC. Another way a publisher like IBTimes can differentiate is by using first-party data to build audience segments that are tied to purchase behavior and are of great value to advertisers, said Rick Ducey, managing director at BIA Kelsey.

    Still, news is a crowded field, and the site’s high dependence on search and fleeting visits shows it has some work to do to make itself a regular destination for readers. IBTimes is following a familiar playbook among digital publishers in scaling an audience first with contributed or aggregated content, then increasing its hard-hitting and original journalism. But it becomes harder to build an editorial brand as news is increasingly filtered through social platforms and small screens.

    According to comScore, Google is still IBTimes’ second-biggest single referral source after Yahoo, accounting for 11.3 percent of its desktop traffic. Less than 2 percent of traffic comes from Facebook. (It’s likely higher on mobile, where social is a big driver of traffic.)

    Goodman said the site has grown its traffic by increasing its focus on the low-hanging fruit of digital publishing: round-the-clock news coverage, stories designed for sharing and TV recaps.

    But he conceded that social isn’t growing as fast as he’d like. Part of the reason may be that the investigative stories on prisons don’t lend themselves to social sharing. It’s also hard to break through people’s social feeds. “It’s crowded out there,” he said. “People aren’t bookmarking sites much. It’s just a slow process of having people figure out that what we’re doing is consequential.”

    The post IBTimes preps its sales push: ‘It’s time to add that marketing varnish’ appeared first on Digiday.

     

  • Here’s What Happened in Mobile Marketing This Week

    Mobile Marketing Watch by Kevin Matthies

    Here’s What Happened in Mobile Marketing This Week

    In case you missed it, here are some of the top stories in mobile marketing and advertising we’ve been following this week.

    The 2015 Mobile Landscape: Who Are the Major Players and Providers?
    There’s a great race going on. It’s the race to get up to speed with mobile, the fastest-growing medium for connecting with consumers around the world.

    Strata Survey: Video Confidence Growing; 43% Increase from Previous Quarter
    “A survey of advertising agencies found that 44 percent of agencies are confident they are getting a good value for their recent online video ad purchases, marking a 43 percent increase from the previous quarter.” That news comes from a first quarter survey by Strata, a major software firm for media buying and selling.

    Survey Shows Investment Management Brands See Content Marketing as Valuable
    A new survey of marketing executives is out — and it reveals some of the challenges facing investment management firms.

    Digital Vidya Hosts Certified Mobile Marketing Master Course
    Time to learn more about mobile marketing in India? Digital Vidya, one of India’s largest companies and one of Asia’s leading digital marketing training firms, will soon present its Certified Mobile Marketing Master (CMMM) course.

    Pixalate Launches First Security Hardware Appliance for Advertising
    Advertising fraud has become a systemic problem and a top concern for marketing organizations everywhere.

  • Why Music Plays A Big Role When It Comes To Branding

    Why Music Plays A Big Role When It Comes To Branding

    heart__music_wallpaper_by_sam_dragon-d31qsh8-600x375Not long ago I read a quote attributed to pop singer Adele in which she says “I don’t make music for eyes. I make music for ears.”

    Coming from an artist that makes perfect sense of course.

    However, in our world of marketing and advertising — especially in today’s highly visual world where Pinterest, Instagram and other image-based platforms are becoming more popular with each passing day — the need is paramount for the right music to be married to the right brand. Not to say that music in advertising was not always important. On the contrary. Last September, in a piece I wrote for Branding Magazine entitled Music to a Brand’s Ears, I made reference to a paper written by David Huron, a professor at School of Music at Ohio State University entitled “Music in Advertising: An Analytic Paradigm.”

    In the paper, which was written all the way back in 1989, Huron wrote that when it comes to the use of music in advertising and branding “music can serve the overall promotional goals in one or more of several capacities.”

    His words still ring  true today for sure.

    However, he was speaking solely of the ways music can help move the proverbial needle; to move some product— which of course is every marketer’s and advertiser’s ultimate goal, of course. Why Music Plays A Big Role When It Comes To Branding image heart  music wallpaper by sam dragon d31qsh8 600x375

    But, what about the role music can play in establishing, maintaining and even growing the equity of a given brand?

    How Does Music Build Value For a Given Brand? 

    It’s a very open-ended question and one that would surely solicit a wide array of responses.

    Why what do you know? Here’s some responses now.

    Eric Sheinkop, President/CEO, Music Dealers and co-author of Hit Brands: How Music Builds Value for the World’s Smartest Brands

    “Music brings value to a brand in three ways: identity, engagement, currency. Specifically, using music to establish an emotional connection with a brand, increases brand recognition, creates excitement and buzz beyond the brand’s core products or services, and can empower consumers, giving them valuable content to discover and share. Music creates the value that brands need to win the war for attention and develop a genuine connection with their consumers. When used correctly, music not only creates loyalty, but true advocacy.”

    Alex White, Co-Founder & CEO, Next Big Sound, Inc., leading provider of online music analytics and insights

    “Brands increasingly need to stand out in a cluttered world and music is one of the best ways to resonate with their customers. As for the role music can play – a song choice can reinforce the particular message the brand is trying to convey and demonstrate a brands’ personality.”

    Matthew Sommer, COO, Brolik, who has a degree in Music and has scored both commercials and films

    “Music helps brands to form an emotional connection with their target audience in a unique way, in that it affects a wider audience than most other forms of artistic expression. With so much competition for attention, advertisers can’t afford not to use every tool in their shed, especially one as emotive as music.”

    As for my thoughts on how music builds value for a brand. I agree with pretty much everything already said. Music absolutely hits that emotional nerve in all of us; a nerve that connects us as Sheinkop and Sommer say. Not sure I agree with Sheinkop when he says that music, when used correctly, can create loyalty and true advocacy. I won’t get too deep into the overall topic of brand loyalty, but I will say music can play a role in that creation, if you will, but it is surely not the only contributing factor.

    A Little Specificity Please

    Ok, so that’s some thoughts on how music can build value for a specific brand.

    But what about the role it plays in a specific TV spot and/or campaign?

    White: “Music is a universal language so I think that brands and ad agencies that are able to find the right music and sound for their product will dramatically improve the results of the campaign. For instance, if the brand stands for new and cool and is able to break a new artist as part of the campaign they will benefit from the song and potentially career growth of that act. Brands that use music as part of the campaign can drive the longevity and improve perception in the marketplace way more than if no music was selected.”

    Sommer: “Music is critical to the feel and tone of almost any piece of video content. Simply changing the backing track for a video can totally change the mood, and sometimes even the implied meaning of the content. Be careful about the ‘right’ piece of music, though. Just because the editor was cutting the video to the Rolling Stones, doesn’t mean you’ll have a Rolling Stones sized music licensing budget. There are plenty of the ‘right’ song out there if you’re willing to spend the time to look.

    Sheinkop:  ”Music has just as much of an impact as the visual on the screen. At the most basic level, music, when heard in conjunction with a visual, is designed to pull the viewer in and help them experience the feeling of the story. Music is the emotional connection to anything visual. The right music makes the visuals more valuable and the product seemingly more meaningful. If there isn’t any music, the visuals better be hilarious or that campaign could suck. Music is what will make you look over at the TV when washing dishes after dinner. Music makes people talk about campaigns and share them with their networks.

    For example, one of the most emotional campaigns on TV recently is the P&G Moms Olympic spots (example below). Watch those spots without music and see if you even know what’s going on. Without music, a brilliant campaign can go unnoticed. With music, a subpar creative production can go viral.”
    [youtube http://www.youtube.com/watch?v=57e4t-fhXDs&w=560&h=315]
    My take? Well, the guys above are again, right on the money. There’s no question that the right music paired with the right brand in the right spot/campaign can increase the success of it exponentially. Music is that missing piece when it comes to advertising if you think about it.

    A print ad, at least most print ads, cannot include music so they rely on the words and the images to tell the story. Same with outdoor and so on. Radio advertising obviously relies heavily on music along with copy.

    But TV and video? Music becomes that missing link; that third piece to the puzzle. The piece that ties it all together.

    Assuming of course the right music is paired with the right brand in the right spot/campaign.

    Music & Advertising – What Could Possibly Go Wrong?

    One final question I posed to Sheinkop, Sommer and White was “Are there negative consequences to not having the right music/artist paired with the right product?”

    I liked all the replies I received to this query but one part of the reply I got from Sheinkop encapsulated perfectly my own take on this topic.

    “A classic example of a common mistake brands make in their use of music is thinking like fans first. Specifically, not pairing the right artist with the right product but instead using their personal favorite well-known, popular personality instead of an artist loved by their consumers and who represents the brands personality and values.”

    One word: Amen.
    Read more at http://www.business2community.com/branding/music-plays-big-role-comes-branding-0773299#v2j2uYgHj20GWccS.99