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Meeting new Readers Lessons from the Entertaiment Industry Loreto Corredoira Sanjay Sood Center for MEMES, UCLA Presented at ISOJ, UT Austin, 2014
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The House of Cards effect
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The Digital Consumer Segment
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MOVIES (STREAMERS) Approx. 80 MILL. Netflix 44 Hulu 5 iTUNES 20 Amazon Prime 10 U.S. Paid Digital Content Subscribers
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MOVIES (STREAMERS) Approx. 80 MILL. Netflix 44 + Hulu 5 + iTUNES 20 + Amazon Prime 10 SPORT MLBAM 3+ million Fox Soccer + Gol TV + ESPN (n.a) DIGITAL NEWS The NYT 727,000 The WST 903,012 MUSIC Pandora One 2.5 mill Spotify 1 + iTunes Radio 1 U.S. Paid Digital Content Subscribers
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Likelihood to pay Preferred content by screen TabletSmartphonePC o laptopOn TV Movies TV Shows UGC (YouTube) News Music videos Short videos clips UGC Full-length movies (72%) Live content (68%) L. Corredoira/S. Sood Data from Accenture, DigitalSmith and eMarketer
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eMarketer.com/ Rovi Corporation / Consumer Mobile Streaming Survey, 2013
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Lessons from the Entertaiment Industry
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Availability
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New Copyright Licensing
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Extend the life of the product
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Pricing Entertainment Price in the U.S. 1 movie ticket at the theatres $15 (8.35 AVERAGE) 1 movie rental at iTunes or Amazon PrimeFrom $2.99 to 6.99 1 month Netflix$7.99 (2 screens, 6 dev) $11.99 (4 screens) 1 movie purchase iTunes or Amazon (HD or not)From $6.99 1 weekly premium FTimes $10.95 1 weekly online NYTimes$3.45 Figure 18: L. Corredoira, S. Sood
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Payment models NEWS SERVICES TYPES Transactional A la carte Micropayments Subscription models (Occasional or sporadically readers) Per issue Per news Per day (Readers) Paper + free online Only paper online Premium content : -online + special newsletters -online + music + video Figure 19: L. Corredoira
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Consumer matters Upgrading services. Users Policies Flexibility. Easy unsubscription
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Usability
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To be in the new living room
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Bundling Why not? Free with a Phone Plan -1 year of LA Times -30 ebook -A magazine per month -Access to database for kids
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If the newspaper industry had theme music in 2013, it might use Been down so long it looks like up to me the much- recycled line from a 1920s blues song. (Edmons, Guskin, Mitchell and Jurkowitz from the Pew Internet Research Center)
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Connecting online users From the NYT.com to Netflix
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Connecting online users From the NYT.com to the Theatre
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Magazines and music
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