Accenture’s 2007 survey of media thought leadership

17 08 2007

Consulting firm Accenture has released its 2007 survey of 100 media and entertainment moguls, citing the following key findings:

  • 80% of execs say web 2.0 is no bubble
  • 68% claim they’ll find a way to monetise social media within the next one to three years
  • 62% believe new platforms are the most important key to growth, with a slim majority in asserting that entertainment portals will win out over social networks (a staggering 86% are planning to devote digital ad spend to the former, v. 41% for the latter)
  • Yet 57% see the greatest competitive threat coming from consumer-generated media
  • And 53% say short-form content shows the greatest promise

“The media value chain boundaries are blurring, driven by digital transformation, disintermediation, emerging new competitors and the rise of end-user control,” the report concludes.

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Paradigm shift redux

17 08 2007

Back in April, I remarked to colleagues that Sir Martin Sorrell’s disclosure that WPP’s ad spend was 50:50 between traditional and new media marked the tipping point of a fundamental paradigm shift in the media landscape.

Henry Blodget’s excellent toplines on Silicon Valley Insider demonstrate that, stateside at least, the trend is only accelerating:

  • US advertising revenue at 4 big online media companies–Google (GOOG), Yahoo (YHOO), AOL (TWX), and MSN (MSFT)–grew by $1.3 billion in Q2, or 42%.
  • US advertising revenue at 15 big television, newspaper, magazine, radio, and outdoor companies (Time Warner, Viacom, CBS, etc.) shrank by $280 million in Q2, or 3%.