Forrester is currently running an executive survey assessing the ‘state of the nation’ of digital music. We are surveying right across the value chain, from labels, through artists to digital services and companies such as telcos and brands that are working with music. We’re looking at what’s working and what’s not, competing against free and changing business models. If you are involved in some part of the digital music value chain then we’d love to hear your opinions.
All results will treated as strictly confidential and results will only ever be presented a aggregate level.
Google remains consumers' favorite online brand, with Yahoo! and Amazon
not far behind. In the minds of their fans, the top online brands
exhibit very traditional attributes such as trustworthiness,
helpfulness, and relevance, all at the expense of more-predictable
tech-friendly characteristics such as innovation and speed.
I'm hosting a panel on Millennials and TV at the Future of Television Conference later this week. I'm sure we'll talk about social media. And you might be surprised to see that one segment of the Millennial generation - today's teens - are perhaps more brand-loyal than you think. They just like to try new things more than adults do, and they depend on friends' advice more.
From a Forrester report (behind the paywall) on teen coolhunting:
Forrester’s Marketing Forum EMEA is fast approaching — November 17-18, 2009, in London. I'll be presenting at this event on the topic of 'How Media Will Never be the Same Again'. The presentation will kick of the Consumer Product Strategy afternoon session focused on series of research we're building that deals with the interplay of media, technology and brands. We call it the Media Meltdown. My colleagues Nick Thomas will also be presenting on how the Media Meltdown makes media companies of us all and finally another colleague Ian Fogg will be presenting on how technology companies both shaped and are react to the Media Meltdown. Before Nick and Ian I'm thrilled to announce that Nokia's Tim Grinsditch will be giving an industry key note to the session which will focus on Nokia's music strategy. It is a great agenda and I look forward to seeing some of you there
Elsewhere in the event, other leading Forrester analysts will present on leapfrogging competitors out of the recession, enriching online engagement with customers, and which product and service innovations to be ready for. This event provides a platform where marketing and Customer Experience professionals can share innovative best practices, network with peers, benefit from keynotes and track sessions, and pose direct questions to top Forrester analysts during One-On-One Meetings.
According to Ad Age's math, if Comcast buys NBC Universal, Comcast's advertising revenues would go from 7% of its total take to over 20%. Most of the potential synergies described in the piece could be done via thoughtful deals rather than by acquisition, and plenty of pundits don't like the potential combo. But think about how that increased importance of advertising might affect Comcast, and the industry.
What is interesting in the current scramble for the killer online music business model is that there is an implicit assumption that the only place people would want to go from the CD is online or mobile.The iPod heralded a new paradigm in music consumption, but it has done little to counter the impact of the CD's terminal decline and may even have helped accelerate it.
As things currently stand, the mass market music consumer isn’t being catered to with any form of new product and the fight for these consumers’ living room is being lost.It wasn't too long ago that the home hi-fi system was the flagship piece of living-room technology but over the past decade, living-room tech spending has shifted firmly to the TV while the aging home hi-fi system is either gathering dust or has been replaced by a docking station. (The latter of which is an awkward attempt to make a personal device a household device, and besides, the majority of households don’t even have one).
EMI have announced the launch of Abbey Road Live, a service that records high quality audio and video footage of live concerts and produces take away CDs, DVDs and USB sticks for concert goers.Though this may not be as big a headline grabbing story as MSN Music’s attempt to take on Spotify, it is illustrative of an arguably much more important trend.
Forrester clients and other regular readers of this blog will know that we’ve spent much of this year developing our big idea about Media Meltdown and the associated series of research documents.(For those not up to speed see this blog post and this report and this report.)The overly boiled down summary is that traditional media companies are having to reinvent themselves as consumers’ willingness to pay for content nosedives.Hence 360 deals etc.