Accenture: ... How New Content and Technology are Redefining the Future of Media
Accenture has published a new paper by Jamyn Edis and Alexis Rose that's worth reading. The executive summary:
Accenture’s Global Content Study 2007 surveyed more than 100 leaders and decision-makers in the media and entertainment sectors, including television, film, music, radio, video games, publishing,
interactive entertainment and advertising. The study solicited opinions from executives around the globe — across North America, Europe and Asia-Pacific — to gauge their views of where the greatest opportunities and challenges will come over the next five years. Key findings include:
- 62% of executives look to “new platforms” as being the most important key to growth, followed by 31% “new content” and 7% “geographic expansion” as the key growth lever.
- Of these new platforms, online and mobile dominated; a combined 43% viewed online as most important (of which 17% represented a distribution of content through online portals or entertainment/information sites, and a further 13% through social networking sites and 13% through eCommerce sites), while mobile drew 17% of responses.
- 53% of executives surveyed indicated that “short form content” offered the largest opportunity for “new content,” with “long form” or “full length” video content (greater than 60 minutes) garnering 11% of responses. In addition, “video gaming” was viewed as a key growth area, according to 13% of executives.
- Asked what they believed was a top threat to the business, over half of the executives (57%) identified “consumer-based competition” or “user-generated” content; 46% of respondents viewed “piracy or IP theft” as a top three issue.
- However, despite the perceived threat, 68% of respondents believe that they will be able to harness user-generated content to create revenue within one to three years.
- Nearly 80% of those surveyed believed that there was no bubble in the Web 2.0 space, with 70% of respondents also observing that social media was a natural, “evolutionary” progression for media (versus 25% calling social media “revolutionary” and 5% calling it “a fad”.) As a reflection of this upbeat perception, over 90% of the executives said that their companies would become involved in social media over the next 12 months.
- Half of executives indicated that advertising could grow to become the most prevalent business model in the industry within five years, with digital advertising driving growth.
- Content remains king (according to 37% of respondents), although the crown is under attack by technology companies (26%) and telecommunications players (9%).
- Critically important is the need for digital readiness and a future technology road map. Only by transforming their organization and capabilities can media and entertainment expect to maximize the opportunity that digital offers. This includes increasing reach (through multi-platform distribution), engagement (through social media and interactivity) and monetization (through digital advertising). ...
Link: Accenture [PDF].
Thanks for the tip to Terry Heaton. His comments on the report are at Accenture: Biggest Media Threat Is Consumer-Generated. Link: Terry Heaton's PoMo Blog.
Accenture's Gavin Mann has an overview of the report here. --Dennis
In the U.S., virtually all writing about the digital broadcasting transition is framed in marketplace terms. Often, this commentary has a pessimistic spin as did an article in the Charlotte Observer from the NAB Radio Show that I posted on Thursday, 
industrial design. But if Steve Jobs's taste and focus make for great-looking consumer products, his tightly-integrated hardware/DRM/software business model is more a throwback to the great (and sometimes unfairly labeled) "robber baron" industrialists of the late 19th and early 20th centuries. Ironically, this business style is about as far from the culture of the Web as any company active in this space today. I hope Apple's design sense goes on forever, but the days for its business model are numbered.

Robert Andrews has a very interesting interview with Ashley Highfield covering such subjects as the (excessive) time it takes to greenlight emerging media projects, the iPlayer and the various complaints it's attracted, and online advertising. There's a summary at this link (
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