The Moves Traditional Media Made In Digital Video This Year
One thing a lot of people didn’t see coming in 2018 (or at least something I didn’t anticipate) was all the investments traditional media companies made into the social video ecosystem. We saw Viacom, ATT, and Ziff Davis (to name a few) make major investments and virtually overnight become serious players this past year.
One traditional media company in particular stands out – Viacom. Viacom has a long, storied history with the space; they’d been suing Google over alleged copyright violations on YouTube from 2007-2014. As part of that suit Viacom had been seeking $1 billion dollars in damages, but was awarded no money as part of a settlement in 2014.
2018 Year In Review
In looking back on 2018 I’m struck by so many things that failed to come to fruition or get resolved this year.
What happened with IGTV?
What happened to brands becoming publishers?
How did brand safety continue to go unresolved?
What happened to Facebook watch?
There were a lot of great things within the social video world this year, and I’ll try and focus more on the positives in another post, but I can’t help but feel like 2018 was a year with few breakthroughs and really just an extension of the same issues we experienced in 2017.
This is the year that the hype began to fade around the ecosystem. Social video is no longer new. It’s no longer the shiny object and familiarity breeds contempt.
Three Takeaways From Forbes List Of The Top 10 Highest-Paid YouTube Stars of 2018
Want to make twenty two million dollars a year to doing toy reviews?
Sounds like a sweet gig, but according to Forbes, seven year old YouTuber Ryan’s ToysReviews has the market cornered and generated the most revenue of any YouTuber this past year.
YouTube has become a wealth generator for a new breed of digital stars. Just over ten years ago YouTube didn’t even have an ad product to help creators make any money – now it’s not uncommon to hear of creators generating 7 figure incomes.
In looking at the Forbes list of the top 10 Highest-Paid YouTube Stars of 2018 there are three major trends that really stand out to me.
Defy Is Done – What does this mean for MCN’s?
How did a business with two of the biggest YouTube channels, generating more than a hundred million views a month (Smosh + Screen Junkies) go out of business?
Where did things go wrong?
What is the future of influencer marketing?
In a lot of ways (and I’m going to borrow this quote from William Gibson), “The future is already here – it’s just not evenly distributed.”
So much of advertising is stuck in the past – we still spend an obscene amount of money on content that’s unproven, on mediums that have no measurable ROI, on old ways of working with agencies, and on celebrities that may or may not have an impact on a brand’s business.
Shane Dawson Is The Exact Reason YouTube Changed Their Algorithm
Shane Dawson is making the best content on YouTube today – his ‘The Secret World of Jeffree Star’ series is proof of that.
This is not something I thought that I’d ever write. Shane wasn’t always a phenomenal filmmaker/documentarian. Shane once represented the negative stereotype of a YouTube creator – making clickbaity content (ie Dog Herpes, Death By Cinnamon Challenge, and I’m Britney Spears Gyno, etc).
Tanacon vs Vidcon – A Microcosm of Influencer Marketing
Tanacon is an example of influencer marketing gone awry, and exactly the type of outcome that so many brands have experienced and why so many marketers have a bad impression of the tactic.
If you’re unfamiliar with Tanacon (recently dubbed the FyreFestival of influencer events) here’s the necessary background information–