TMC 2010 Meeting
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Transcript of TMC 2010 Meeting
Q Media Labs
“The stakes are very high for independent media. Will it change? Or, will it atrophy? Independent media can become the dominant media in society. Who would have dreamed that 30 years ago?”
-Don Tapscott, author of Wikinomics
Q Media Labs
II
IIV
III
Big Thaw Recommendations: Four Decisive Moves
CHANGE INTERNALLY
New models will most likely come from new players.
INCREASE EXPERIMENTATION
Greater Experimentation will win.
LEVERAGE UNIQUE ROLE OF CONSORITUM
Standing together will be more valuable than working alone.
BUILDING AUDIENCES AS COMMUNITIES
Decentralized communities will create the greatest impact.
Changing
internally
Incr
easing
expe
rimen
tatio
n
Build
ing
audi
ence
s
as com
mun
itie
s
Leveraging unique
role of a consortium
Q Media Labs
“Most people assume that the future is something to be predicted rather than created. The future does not simply happen to us; we shape it.” Donella H. Meadows, Global Citizen
Q Media Labs
Changing Internally
I
Changing
internally
What is a Value Chain?
Q Media Labs
writing/ producing
publishing & broadcasting
distributing
Content owners
Paid marketing,
sales & fundraising
staffPaid suppliers
consumption
SubscriptionSingle-pay
Public radio/TVGranted
broadcast licenses
Nonprofits granted tax
breaks
selling other products
philanthropy or government
creative agencies
advertiser
media planning & buying
Journalism’s Old Value ChainThis chain is delineated with clear roles and exchanges of value.
Each link in the blue value chain represents a role that a media organization might play.
Green represents funds or subsidy support
Q Media Labs
But the value chain has changed.
• What role do we play in the value chain now?
• How could our role become most
valuable to our communities?
• Is it best to focus primarily on one role or integrate many roles at once?
Q Media Labs
Each link in the blue value chain represents a role that a media organization might play
Source: compiled from interviews. The new value chain is a working model based on observed industry dynamics.
combining&
sharing
writing/ producing
retrieving
& storingcontent
publishing
SearchDiscovery
Cloud ComputingE-readers
connecting
CommunityConversational marketing
In-person events
making impact
Social changePolicy
change
distributing/
aggregating
Offline & online
Convergence
(cross platforms & devices)
Content owners
Increasingly includes
“Journalpreneurs”
Content owners
consumption
Subscription &
Single-payMicropaymen
ts
selling other products
philanthropy or government
advertising
volunteer & open-source labor
New value chain (working model)
Green represents funds or subsidy support
Q Media Labs
Changing Internally
I
Changing
internally
What if… we evolved our composition to reflect the emerging field?
Traditional roles of media makers are changing.
Q Media Labs
Device proliferation & convergence
Strategic technology
Increasing ExperimentationIncr
easing
expe
rim
enta
tionII
What if… we joined early in technology experiments?
Q Media Labs
Increasing ExperimentationIncr
easing
expe
rim
enta
tionII
What if… we joined early in technology experiments?
Mass mobile-media
Q Media Labs
Incr
easing
expe
rim
enta
tionII
Increasing ExperimentationIncr
easing
expe
rim
enta
tionII
What if… we collectively tested new revenue models?
What revenue models are emerging?
•Philanthropy •Creating additional channels of distribution•Combining free and premium content•Tapping user subsidies•Utilizing news as a “loss leader”
Q Media Labs
Leveraging a Consortium
Solving filter failure
Radical new ways of meaning-making and filtering
Leveraging unique
role of a consortium
III
What if… we standardized raw data, metadata & metrics?
Q Media Labs
Leveraging a ConsortiumLeveraging unique
role of a consortium
III
What if… we actively coordinated deal making?
Coordinating around micropayments
Deals around devices
Q Media Labs
Audiences as Communities
From audiences to communities
Audiences can grow in two different directions simultaneously: Broader and deeper.
IVBuild
ing
audi
ence
s
as com
mun
itie
s
What if… we made it easier to deepen communities at a larger scale? .
Q Media Labs
Audiences as CommunitiesIVBui
ldin
g au
dien
ces
as com
mun
itie
s
Changing demographics
Shifting demographics create both challenges and opportunities for content producers.
What if… we made it easier to deepen communities at a larger scale? .
Q Media Labs
What if… we activelycoordinated dealmaking?
What if… we standardized
raw data, metadata & metrics?
What if… we collectively tested new revenue models?
What if… we joined early in technologyexperiments?
What if… we evolved our composition to reflect the emerging field?
Incr
easing
expe
rim
enta
tionII
Changing
internallyIBui
ldin
g au
dien
ces
as com
mun
ities
IV
Leveraging unique
role of a consortium
III
What if… we mounted a concerted effort to go global? .What if… we made it easier
to deepen communities at a larger scale? .
What if? Key questions for strategic development