As lockdowns lift, media firms brace for an “attention recession”
economist.com
economist.com
[1] https://www.kellogg.northwestern.edu/faculty/research/resear...
Plus your source is about TV ads only.
There is an infographic here: https://techstartups.com/2020/09/18/6-corporations-control-9...
AT&T spun out Time Warner and merged it with Discovery because it had no idea what to do with it or how to run a media company.
Comcast only bought NBC Universal in 2011. Only one major media company (and not even the biggest one) could arguably be a loss leader for a telco. The rest are doing their own thing.
I was once asked to do some stats on the marketing effectiveness of a company I was at. Not my job but I really hated a couple of the people in the marketing dept so I went at the task anyway. I had long had suspicious that the advertising was mostly smoke and mirrors so I was glad to find out that I was right. There was basically no correlation to sales and marketing spending, campaigns or anything they were doing. Except for a couple of basic common sense ad placements. They were wasting millions a year.
What do you think happened? Surprise happy ending. At the end of the year they shut down the marketing dept and outsourced the basic ad placements for a fixed fee.
Pretty sure she did literally actually nothing the entire time she was there until they started having her double up on reception duties on Saturdays.
She ended up leaving because she moved away somewhere. Needless to say, they did not hire another marketing person.
That being said, given that most people here work for tech companies, I do suspect there is huge overinvestment into marketing by tech companies. Some companies just don't do any of this, don't have a sales team, don't have a marketing team...and they do fine. But that isn't universal (for example, sales clearly has an important implementation role in some industries, in some industries sales has an organizational role, etc.).
But otherwise I agree.
I don't deny this, but I think you can say this for any position that ultimately can deliver something. A good PM, a good IT manager, or just the accepted good engineer. People that really want to contribute will work on what matters most and set their egos aside. I say this as someone who has been a PM before and realized it was not the most critical function at the time, so I offered to go back to engineering (I've worked full time as both for years). A good employee will contribute the best they can, and a great employee will be able to identify what matters most and works towards helping (even if they can't do it themselves).
I realize my comment is a tangent, I just feel like it's unnecessary siloing that props up some positions as more important than others. It will depend on the situation. Sometimes you need more engineering talent, sometimes you need more salesmanship, sometimes you need more product direction - it's impossible to know without being at the company. And it's very hard to recognize what matters most outside of your area of expertise.
There aren't a lot of people that can make or lead a team to make world class products, but the number of marketing mangers who are exceptional enough to have significant impact on your company aren't that many either.
This is true of every field from doctors to lawyers to software developers. Most people are pretty average at their jobs.
On the other hand there is unbounded work where the skill level necessary is unknown and the costs of going with someone who is insufficiently skilled could be immense. For example odds are there's no way to know if your surgeon isn't up to the task before they've cut you open, which is a terrible time to discover that fact. For unbounded tasks it makes sense to always hire the best you can possibly afford, even for something that seems like it should not require much skill.
I have no idea about marketing, but as a consumer I know that I am influenced both positively and negatively at times with regards to products based on my experience with their marketing. I also have a feeling that marketing is more than just correlation between campaign and sales. I.e. what was the competition doing at the same time. Marketing I assume is also about avoiding churn, or making the overall market bigger (e.g. PS5 ads may also help Xbox sales, game sales etc..)
In general it feels a bit creepy to me when someone suggests that people losing their jobs is a happy ending. Therefore I accept I am also replying with bias…
I actually realized my bias and possibly the perception of it to others. I made a dynamic dashboard setup with all the data I could find on sales and marketing and let them mix max slice and dice it themselves. I figured that if I simply delivered a super negative report it would be ignored.
One of my favorite additions to the report were sliders that let them increase or decrease the threshold of which ads counted towards a sale. Say an ad placed today and a spike in sales tomorrow or next month. The stats were still bad with huge gaps in time that counted towards a sale.
https://scholar.google.com/scholar?hl=en&as_sdt=0%2C6&q=coro...
https://scholar.google.com/scholar?hl=en&as_sdt=0%2C6&q=extr...
This is why they keep using online ads. The results can be pretty instantaneous and trackable.
AMC is looking into showing live events such as college football, world sports, and concerts. So they seem aware that movies are no longer enough to keep them afloat. Can they build new habits? Be a family friendly alternative to the sports bar for alumni groups? In a landscape of broken habits, maybe, maybe not. Big screens at home are cheap and so are the food and drinks. What's missing is a sense of community. Can they deliver on that?
I am spending more time on YouTube too. I used to watch Netflix, but it has been downhill last 3 years or so.
Is it that they expect more than their fair share, or is YouTube leveraging their creators more than they should, or are adblockers the issue? I'm not sure what it is, it just surprises me that there seems to be unwavering consumption and creation on the platform but the numbers aren't lining up for the creators.
If you find the apparent contradiction between Youtube success and creators needing to built out non-platform revenue streams strange, the video gives a pretty good theory explaining why.
It's possible that a small number of creators are taking most of the revenue at any particular time, and the set of outstandingly successful creators keeps changing, which it might due to the promotion algorithm.
That gives all of them reasons to build out non-platform revenue streams.
I'm not saying Google/YouTube aren't taking too much. But hypothetically, even if they took 0% cut, the above could still happen.
If youtube made money from subscriptions the interests of youtube and creators would align better. As it is now it's on a spiral of more and more spam and self-reference which will eventually turn it to a ghost town (because unlike google search, all the video content is in their platform)
The problem I have with YT is the paralysis of choice in deciding which of a zillion videos to watch. When I have a show to binge, its much easier to just jump into it relax without thinking about what to watch
This is it. I haven't subscribed to a new YT channel years.
There's always a million+ subscriber channel with good stuff to watch - that I don't have time for.
Same, what a great experience. I don't mind the experience of a busy theatre but watching a movie in a comfy centre seat all by your lonesome is pretty rad.
1. A movie start 30 minutes late as they had forgotten about the showing
2. 30 minutes worth of ads after the supposed start time of the film
3. God awful food whose quality rivals Circle K at quadruple the prices
4. Alcoholic beverages that are several times more expensive than the plastic bottle their liquors come from
Not to say all theaters are this way, but certainly the only theaters I have access to around me are. Decided to give up after the third horrible repeat. I do miss the old independent theater from down in Tucson, they suffered from none of these issues; unfortunately nothing like that where I am now. Can't speak to Alamo.
But that stuff isn't strictly unique anymore; there are other dinner-and-movie chains.
What really makes them special is all their auxiliary stuff. Before a movie, instead of ads they show relevant obscure video clips that are funny and/or interesting. Before a superhero movie they might show relevant action figure commercials from the 80s, or clips of goofy unlicensed knockoff movies that they found on YouTube, etc. Famously, you're not allowed to talk/text once a movie is playing [1]. They'll have themed cocktails and food for movies that are currently showing. Every month they pick a selection of classic movies and do showings of those throughout. Sometimes they'll bring in an actor or the director for after-screening Q&A. For cult hits they'll do themed "movie parties" where everybody's encouraged to quote/sing-along, and often there are props. We went to a Monty Python and the Holy Grail party where everyone was given, among other things, coconut shells to clap. We saw Hackers on the big screen (which was incredible in its own right), and everyone was encouraged to wear their best hacker-punk getups and then they had a costume contest (and we got to take home floppy disks with "HACK THE PLANET" emblazoned on them). We saw Akira on the big screen (!!) and they had a synchronized laser-lightshow in the theater. We went to an "anime brunch" they did several Sunday mornings in a row where they'd pick a genre of anime and show four or five episodes from different shows and you could order coffee and stuff and it only cost $5 at the door.
And the person hosting/organizing these events always comes up to the front and talks about the thing you're going to be watching. They're personally invested. They geek out, telling anecdotes from their own life and giving background on why people love this thing so much. It gets you excited even if you've never heard of it before.
Everything - even the decorations and marketing - gives you the distinct sense that everyone calling the shots at this company is super into movies, and their enthusiasm is contagious even if you don't consider yourself an enthusiast
[1] Except at movie-parties, which are all about audience participation
Here is why Alamo has set the bar high for being more than a “movie theater”, in no particular order: 1. Their programming AKA the movies they choose to show is highly curated. You’ll have your standard summer blockbusters, a weird Wednesday film (usually a cult classic from the past generations), screenings with Q&A after the film with directors, actors, etc. As a movie goer I engage a ton with their marketing to look out for these events, because yes, I would absolutely love to see Uncut Gems and have the Safdie brothers and Adam Sandler talk about their experience. Those are more rare but just another opportunity to create a long lasting memory of a film, even if it sucked.
2. The pre-programming is custom, curated and so clever, it makes me ALWAYS want to get there earlier. For most movies they find similar footage or clips that have intertwining themes to the main film (early footage of actors in the movie, etc). It’s usually on the funnier side of things.
3. The no bs talking and phones policy is amazing. It’s enforced and if you want to experiment being a rat, you can even alert servers of guests that are breaking the rules without fear of retaliation. Finally a place to enjoy the film without most distractions.
4. It’s nice to plan a dinner and a movie and have it be all in one place. While the food is fine and not completely mind blowing, it’s good for a movie night and the popcorn is fantastic. Also +1 the queso as well. Alcohol selection is great and you can basically order whatever you want and will likely be able to make it (cocktail-wise).
5. When it existed, the Alamo season pass was amazing. $30 bucks a month, a movie a day and you select your seat ahead of time (you select your seat regardless of the pass, but still). I hope it comes back!
Some downsides: 1. You sometimes will smell food that might not be your favorite. Your a veggie that doesn’t like the smell of a burger, sorry, you likely are gonna have all the food smells.
2. Servers darting around the theatre for a lot of the movie. They are usually pretty sneaky but you get some Paperboy PTSD of enemies coming out in your peripheral vision.
3. YMMV with each Alamo. Pre-pandemic some were franchises and some were corporate. The corporate ones were so much better and the franchises just seemed to be poorly run across the board.
So many other things they hit out of the park, screenings for families and folks with autism (you can talk, etc) as well as screenings for parents with young kids (more talking and likely some more crying). Lots of accessibility screenings for the deaf and blind. The list goes on…
If The restructure for Alamo works out, you’ll be seeing more and more of the old guard changing things to align more like Alamo, and that definitely will be a good thing for the film industry. Just my 2¢
The move to streaming for sports is bad.
I signed up for paid Hulu to watch olympics. It's grossly expensive, with ads still, and really confusing. I learned the hard way the only way to actually watch the events I wanted to I had to advance DVR them.
Instead of just listing them as videos, like netflix youtube and the rest of the world. The only stand alone videos I have access too without DVR are short 5 minute summary clips. And the DVR recorded broadcasts you have to manually figure out and skip over commercials and manually find the events in a 2 hour broadcast. I remember the super old tv connected DVRs recognized ads to skip. PornHub and YouTube can automatically mark content changes on the timeline.
I hate being trapped with rude people talking and using their phones during the movie. Not to mention people who don't believe in baby sitters, and bring their infant or toddler along for a good scream fest in the middle of the show. And don't get me started on loud eaters, flatulent people, etc.
I think they've been on borrowed time since the 80s, when video stores got big. First run movies are their only hook now, and they're loosing even that with movies like Black Widow premiering on streaming. I hope more films premiere on streaming.
Tenet, and...?
I have a bunch of pre-paid movie tickets still from the pre-pandemic days. Haven't used a single one, since all the movies I wanted to watch I can see at home for around 25€.
FWIW, it's not like that in France, Sweden, Belgium and Japan, to cite countries where I've been to the movies.
I think maybe some of the kneeling and other political / social virtue signalling by sporting codes are having an effect too.
I know I am fed up. The same ideology is broadcast at work, on the news, on art/film/theatre/books, social media and now sports. I feel like the protagonist in "A Clockwork Orange" with my eyelids stapled open and being force fed a mind virus.
Agree or disagree with the position, but I watch sports to take a break from reality.
I agree that it is perhaps possible that some olympians derive motivation from potential economic returns. I think that’s what you’re trying to say, right?
I posit that is not the primary motivator, and projecting motivations on a group of people tells us more about your motivations than theirs.
Now that I've done without for so long I don't think ever getting live TV again. My use of mainstream news sites has also dropped to near zero, just a one check per day. I focus more on tech news these days (stuff that really matters :) )
On the optimistic side, I absolutely love The Mandalorian (which I didn't expect, and resisted watching until after season 2 was complete), and I'm looking forward to The Book of Boba Fett as well.
But I absolutely agree with you on the failure of "corporate written-by-committee". I think The Mandalorian is so great in no small part because it's run by a small number of people who really love Star Wars and have been fortunate enough to be granted near-complete creative control.
Which is how I feel about most big franchise movies these days; they all just feel like cookie-cutter action flicks with some IP draped over top to promote the theme park and/or Fortnite tie-in. Nothing interesting or surprising ever happens. Nothing worth mentioning in terms of emotional spectrum. Even the set design - which is always very handsomely executed - is just ruthlessly on-brand. It looks precisely like "Star Wars stuff" or "Marvel stuff" or whatever, without exception, to a point where it all just becomes branded noise. Not a single thing is new or out of place. It constantly calls back and feeds into itself; nothing new under the sun.
I agree that Rogue One was a little bit of an exception, at least in terms of plot/emotions. I would also put Episode 8 in that category.
Maybe I'm just watching the wrong kinds of movies.
I mean I don't get it, it can't be for children anymore since the entire thing started when I was a kid already and now I have kids. I'm not american and what we say here is that americans are so dumb they just rewatch the same "cape dude in underwear" over and over again, with the same story with small variations :s It must be a sort of puritan/christian gay complex or something.
As for Star Wars under Disney, I find the Mandalorian surprisingly nice with its contemplative slowness, the music, the kind of out of the box new angle thing... But I guess it's the same thing, how long are we going to watch the same thing over and over again :D
Those aren't bad TV shows, unlike most of Marvel. I think maybe that is because they actually believe in/stand for something, as opposed to just being boobs and fights.
As somebody who only consumes tv that my friends/family watch (which includes scifi and not "reality" tv), I thought there was some weird show about Cardassians for a blissful decade...
Basically playing for nostalgia points, but making it shittier.
It's made me a lot pickier though, we all talk about the high prices of cinema, but where I live they're not very pleasant environments and why would I expose myself to that any more? I think perhaps because the pace of life has slowed down durring lockdown people's decision making can keep up a bit better and this is reflected in higher standards as we choose what to reengage with
Or further “evidence” that the virus was created by the global elite for wealth and control
Fortunately not many conspiracy theorists likely subscribe to the economist
1. games are a much bigger market than movies, which makes hollywood even more risk averse than usual
2. superhero movies make most income, sucking up all the talent
3. huge emphasis on TV series in the last decade, again sucking up all the talent
for these three reasons i’m not sure if i’ll see another sin city/training day/etc in the near future
Does TV get the best talent though? For some reason I thought they get paid less despite doing alot more work. All those actors from got went on to try movies afterwards.
Are American TV shows as big of money makers globally as the movie industry? How much do American TV shows make in China vs Hollywood? Are they even shown? I don't know, but have never heard of it but have heard quite a bit about how much Hollywood makes in China.
I don't think it's the amount of work that dictates lower salaries for TV acting, but more likely the size of the market that the respective products are sold in and where that market is located (locally vs globally).
The Mandalorian is a perfect example of this. The episodes varied from 25 minutes(!) to 47 minutes. Just take the time the plot needs, no more.
Some stories are just better when they are told in a serial format with more room to breathe. Even if they need to take a budget cut.
A recent example being Tomorrow War[0]. It had WAY too much shit happening for the 2h 18min runtime. The same content as a, say, 4 hour miniseries? That would've been fucking amazing.
Same budget, same plot, just add more character development (talky bits), a bit slower pacing. Perfect.
Well I'm expecting a new surge of great movies coming out after everyone's vaccinated. Looking forward to the 2021 version of Dune, although I don't think that was spurred on because of the pandemic (maybe I'm wrong?). Expect some epic movies to come out in the next few years.
I think you can get away with enough in a PG-13 to suit the tone of this story. Watching the recent trailer you can catch a glimpse of what appear to be prisoners of war strapped upside down on troughs that will collect the blood from their slit throats. That’s pretty dark. And seemingly it’s an addition by the filmakers. It’s not an element from the book.
It seems that the ommission of jihad in the film’s marketing may have been a strategy to side-step any potential negative press in the lead-up to the film’s release. That seems wise given the way that American media likes to sensationalize every last detail that can be mined for potential outrage/eyeballs.
I guess we’ll see it and find out for sure.
The story revolves around spice but it’s not ABOUT spice.
In any case, it still doesn’t strike me as the kind of fictional drug that’s calling out for restrictions. It’s depiction can be mild enough to circumvent an unwanted movie rating and still not compromise the story.
Narcotics featured heavily in Batman Begins and that movie still had a PG-13. Again, I don’t see what about Dune’s story is crying out for an R rating in order to be true to the story.
Did they ever expand upon how this trickle effect supposedly happens?
In which, this argument disregards the Internet and it’s effect on media distribution disruption in it’s entirety.
The traditional roles of TV and film have been inverted. Film is now mindless entertainment aimed at the widest possible audience, while television has become a medium for plumbing the depths of artistic possibility.
I chalk this up to two things:
1) Film is increasingly internationalized in ways that television isn't. A movie has to appeal to a wide variety of cultures, all of whom have different mores. Ultimately, the only thing the whole world can agree on is that explosions are fun.
2) Television offers a more flexible format. You can only sit in a theater for so long without a break. Television lets you do sprawling, drawn-out epics with hours of content a year. Television lets you mix serialized and episodic storytelling as you please: your series can lean into one or the other, or it can offer a mixture of both with the showrunner using the balance of serialized and episodic content to carefully control the pacing, set up expectations, and then possibly subvert them. This has always been true, but television has historically been beholden to FCC regulations, network BS&P, advertisers who panic when faced with anything unconventional, rigid time slots, and linear programming. The rise of non-linear consumption (e.g. DVRs), premium cable, and direct-to-streaming series have completely blown the doors off what's allowed on television (or "television"), and showrunners are taking advantage of it in a huge way.
Some reading on 1999: https://www.esquire.com/entertainment/movies/a23803/1999-mov...
The best films of the year regularly make less money in their entire lifespan than a mediocre Marvel movie.
The free market produces for the masses.
Bill Maher is a shallow elite contrarian, not a progressive that it would make sense to say “Even” about when he agrees with criticism of something perceived to be on the left.
I get that he opposes some things sacred to the Right, and that to people on the Right that makes him Left, but...
He has always been "I'm leftist, but I have a politically incorrect anti-establishment edge.". He has been saying things like this for decades.
The Left is so extremist now that it has lost any sense of humor (Maher had to point out the sarcasm to his audience), and it rejects any critical analysis of its agenda/narrative. Mao would be proud.
Even famously pro-woke virtue signaling TV personality Bill Maher agrees!
I hope they don't return, given we now have a vaccine. I also doubt their efficacy, with cases declining in some cases before lockdowns began.
They are not a cost-free public health tool, and it is unknown whether they have caused more harm than good.
[1] https://www.theguardian.com/society/2021/jul/15/young-mental...
[2] https://www.theguardian.com/society/2021/jul/15/surge-in-alc...
That is a good point, but it's not that we're weighing which of two decisions is good, only which is less bad. Certainly the laissez faire attitudes many places in the US, including my residence, have taken to dealing with the problem have also been not cost-free, and to say that it is unknown whether they have caused more harm than good seems to me to be a dramatic understatement.
For example, public exercise with other people was banned, even though open air transmissibility is low, and exercise improves mental health and coronavirus outcomes.
What also happened, in addition to the above, is that people also avoided hospital treatment, and other illnesses, such as cancer, were deprioritised.
These included young people, who would have not have been statistically at risk of coronavirus, but died unintentionally due to conditions caused by lockdown policies.
In this case, quality of life adjusted years becomes relevant, and you have to justify measures taken primarily to protect the old, over being able to treat the young.
Of course when I say "lockdown" it will have has different meanings, depending on which country one lives in.
I think certainly some lockdown policies have done more harm than good, even though given another pandemic, I would support other lockdown policies, like banning large indoor gatherings.
Really, though, the Economist isn't isolationist.
As Fauci once said, "the virus sets the timetable". The Delta variant is a big worry. R0 is 8 to 9. If hospitals get overwhelmed, there may be lockdowns again, at least for unvaccinated people.
I keep saying we should be masking and standing apart now so that hopefully we can nudge r0 down a bit and avoid lockdowns, but everyone's so relieved to be done that i may as well be pissing against the wind.