|
MSN is also betting that the online space will grow in India. It launched a beta
version of MSN video last month. "This works with pre roll ads and because
content is premium we can get $25 per 1000 impressions.," said Microsoft
product director Sushmita Vij. There are interactive features like Email The Video,
I Am The Video. MSN
is talking with Indian companies to get them on board. Globally, MSN Video has
500 content partners like NBC and Fox. "MSN
Video gets two billion streams a year globally all of which are monetized. It
offers content providers the chance to express their editorial voice. So for the
Oscars, for instance, in addition to actual footage there will also be some behind
the scenes content, the fashion on display etc. We have grown our business by
1000 per cent by looking at the whole story. While there is a lean back audience,
the trendsetters want content when it is convenient. That is what we offer. The
net offers a vast distribution network and one can narrowcast. As a content provider
you know who the consumers are and what they want. As a consumer you have control
in terms of content access," said Vij. Speaking
about web 2.0 Infoedge Media founder and CEO Sanjeev Bikchandani said that it
uses more intelligence like algorithms and collective intelligence. "This
has allowed for democratisation of production tools. But while some web 2.0 companies
like Bebo were successful, they eventually became a part of a large online media
enterprise." Revenue
is a challenge, though. Some like MySpace are able to generate $100 million in
revenue while others aren't so lucky. Online advertising is shifting towards search
marketing. "Google has monetised this. Technology has to evolve in order
to make the net a reality on the mobile. At the moment the mobile is mainly good
for email. In India broadband prese3nts a major challenge for the development
of web 2.0. In addition Indians are not used to putting videos of themselves,"
said Bikchandani. BigFlicks
COO Kamal Giachandani laid emphasis on the long tail effect that online media
platforms offer. He offered the example of Netflix, saying that 30 per cent of
its sales happen from DVDs that are not available offline. So the net has the
advantage of giving a bigger choice compared to traditional outlets. At the same
time one must remember that the audience is loyal to content as opposed to the
platform. As broadband penetration grows in India, it is the niche content creators
who will benefit the most. Canada's
Now Public co-founder and CEO Leonard Brody spoke about the importance of citizen
journalism. "What we have noticed is that people do it for social engagement.
We get two million readers a month and 700 pieces of content a day. Consumers
are moving towards a higher personal locality. One reason why Facebook news feeds
are checked out more by users than traditional news sources is that you get information
that is personally relevant." The
site uses the crowd source model and gives complete editorial control to users.
Since they use citizen journalists, often they get videos in places where other
agencies have not been able to go. Brody says that the agency has 140,000 reporters,
out of which 10,000 are active daily. "The
newspaper business is dying abroad. Newspapers will have to focus more on analysis
as opposed to breaking news as it would already be known," said Brody. |