EyeView's Blog

The iPad and the Future of Print Media

The announcement this week of the iPad brings with it some mouthwatering possibilities for the further advancement of online video and video advertising in traditional print media.

The iPad is more portable than even the simplest notepad computer. It's a leisure device first and foremost, not a work tool. I think we will finally see streaming video move out of the home office and into the leisure experience. Browsing on the couch or in bed means that users coming across video will relate to it in a different way.

The iPad might introduce video advertising into leisure time as early adopters flick through apps while sipping on their coffee and eating breakfast. It just looks like a more accessible tool than a formal laptop.

Part of the iPad’s strategy is to take on Amazon’s Kindle and other ereaders. With a comprehensive range of books and periodicals for sale from iTunes, there is a perfect opportunity to subsidize the cost to the reader of a magazine or newspaper subscription with the insertion of targeted video ads or at the very least video sidebars with extra information about a story and links to other upselling opportunities.

It’s not that these possibilities don’t already exist, it’s that the iPad is the first device in a long time with a good shot at changing the way we consume print media.

I’ve never been an Apple evangelist, but the thought of having all my magazine and newspaper subscriptions waiting for me in easy to browse apps makes this a very tempting proposition.

Am I overstating the fact? I’d love to hear what you think.

Imitation Is The Sincerest Form Of Flattery

They say that imitation is the sincerest form of flattery. What they mean is, when someone pays attention to you and respects what you do enough to reproduce one of your original ideas or activities you should be flattered. And we usually are.

Last July, before the release of his New York Times bestseller, Trust Agents, I approached Chris Brogan with an idea for a Twitter giveaway. I proposed that we give away 50 copies of his book on the day of its launch to the first 50 people who tweeted about a brand awareness campaign we were running. The campaign centered on our Video Marketing Quiz which is a fun interactive game that tests your knowledge of video as an effective marketing tool.

We were overwhelmed with the results. As soon as Chris tweeted about the giveaway, everything went nuts with thousands of people taking the quiz and tweeting about it afterwards. It was such a simple idea, yet it worked so well for us and we were tremendously grateful to Chris for his support and proud to be part of the launch for Trust Agents.

We knew it was a successful idea when Chris ran with it and instigated the exact same promotion with his pals at LinkedIn less than a month later. I’m sure it’s not the last time we will see Twitter used in this way.

This week our Video Marketing Quiz saw another form of imitation as Omniture, the web analytics company that was recently bought by Adobe, released an interactive game that tests your knowledge of banner ads as an effective marketing tool. If you disregard the background, the awkward fonts and the clumsy interface that never quite clicks on what you want to click, it’s eerily similar to our own Video Marketing Quiz. All of which goes to prove a few things:

• If something works for someone else, you might be able to make it work for you
• If you want to know who’s listening, check who’s copying
• Great ideas belong to the world (but it’s always nice to know you had them first!)

            

          EyeView's Video Marketing Quiz                                        Omniture's Pick The Winner Quiz

IAB Digital Video Guidelines - Impressions vs Performance

Here’s a little gem that I missed at the end of last year. The Interactive Advertising Bureau (IAB) has updated its guidelines regarding online video.

The IAB comprises more than 375 leading media and technology companies who are responsible for selling 86% of online advertising in the United States. According to their site, “the IAB educates marketers, agencies, media companies and the wider business community about the value of interactive advertising. Working with its member companies, the IAB evaluates and recommends standards and practices and fields critical research on interactive advertising.”

The IAB is concerned with standardizing the measurement of ad impressions so that publishers and advertisers are always talking the same language. Faced with the rapid growth of video ads, the IAB was compelled to update its “Video Ad Impression Measurement Guidelines” from 2006 with a new addendum dealing with Auto-play.

The IAB defines “Auto-play” as follows: A video ad or a video ad linked with video content that initiates ‘‘play’’ without user interaction or without a user actively starting the video (essentially automatically starting without a ‘‘play’’ button being clicked by the user).

The new IAB guidelines require approved web publishers to disclose the fact that they using videos with auto-play to prevent unscrupulous advertisers running such ads well below the fold and recording “impressions” that may never be seen by visitors.

In a world where there is still much confusion over online advertising, this attempt to introduce standards into the wild, wild web is welcome, or at least it would be if it weren’t for two fundamental flaws in its logic.

The first comes from the IAB’s continued definition. There is no requirement to disclose the use of autoplay “if the user has a reasonable expectation that they are entering a video environment.” Even today any user should have a reasonable expectation that the commercial site they are visiting is a “video environment”. In the next 12 months this will become even more apparent as video achieves online ubiquity.

The second problem is even more basic. Using impressions to value video ads will not remain the standard for much longer. Apart from a handful of big-name, brand advertisers, companies will soon expect their video campaigns to provide ROI based on performance and how successfully they drive users through the sales funnel. As online advertising swings towards performance advertising, the effectiveness of video will be judged by increased conversion, not by impressions. There will no need for a standard definition of an impression once everybody has abandoned the world of impressions for performance.

The motivation for disclosure is becoming obsolete. Performance advertisers demand measurement by performance, not impressions.

Long-form or Short-form Video? Hulu on the Rise

It may be the start of the new year but we’re still calculating the gains online video made last year. comScore has just released the online video viewing figures for November 2009 and they tell another story of records being broken at the end of a breakthrough year for online video.

Here are some of the key takeaways from the latest report.

YouTube remains the most important delivery mechanism in online video streaming over 12 billion videos in the month and helping Google to a 39.4% share of all online video watching for the month.

Far behind YouTube, but ahead of everyone else is Hulu. With a 3% share of all videos watched during the month Hulu has exceeded all industry expectation and defied the perception that online video is a short form medium.

In fact the market share percentage of almost every video property, including YouTube, has dropped since comScore’s figures of last July with the exception of Hulu.

With the average Hulu viewer watching over 2.1 hours of video in the month the average length of each online video viewed has risen to exactly 4 minutes. There are no figures about the average duration of video watched at YouTube, but this blogger believes it’s considerably less.

It may be time to start considering long form and short form video as two different verticals online as one grows and the other recedes in importance and viability for advertisers.

From the advertisers’ perspective, Tremor Media remained on top with the widest potential reach of all ad networks at just under 50% penetration, up from 42% in August. The rest of the top 10 also experience a nice bump in penetration apart from ScanScout Network who have seen their penetration drop from 50.6% last July to under 20% in November according to comScore figures. This dip follows a round of funding for ScanScout reported at $8.5 million.