I attended a great event yesterday pm at The Guardian in conjunction with Red Bee Media to discuss The Future Of TV. The session was hosted by Kate Bulkley and comprised a panel of four leading commentators in the TV world: WPP’s Mark Read, Kip Meek of YouView, Bill Patrizio of Red Bee Media and Facebook’s Christian Hernandez. The following is a selection of points I found particularly relevant:
1. Bill Patrizio observed there is a dramatic change going on in the world of video. Consumers appear to have an insatiable appetite and this is driving dramatic change in the supply and demand chain for video
2. There are 686 TV channels in the UK but the model of delivering TV to households is evolving to delivering TV to individuals on 2/3 different viewing devices
3. Kip Meek said that noone truly knows the future of TV but there are consistently new tools being developed which are there to drive the business of TV forward
4. From an advertiser perspective, there has not yet been an opportunity to apply any of internet benefits to TV but this is now changing with increasingly relevant advertising opportunities
5. Youview will launch anytime from June 2011 and enable a new price-point of entry for TV channels, allowing local TV to grow and develop and businesses to create a TV channel (Glyndebourne Opera was sited as an example)
6. Facebook is looking at how to integrate TV and create hubs for passions, offering additional ways to monetise around content
7. Bill Patrizio added that the change in video-viewing is generational and that 18-35s as they grow older will increasingly expect to be able to interact with video. This has implications for tools such as today’s EPG
8. Facebook was described as a discovery engine and comparisons were also drawn with Google and iTunes as the new type of EPGs
9. It was suggested that TV is scared of Google after what it has done to newspapers. There is the potential danger of it being too powerful in the digital advertising market-place. If TV goes on to be trade by Google, this is a worrying development for broadcasters.
10. Patrizio commented the future of the ‘plumbing’ needs to be look at carefully i.e. will the UK infrastructure be good enough to deliver the volume of content that consumers will crave
For more info and to watch the debate in full, visit: http://www.redbeemedia.com/news/live-webcast-industry-leaders-debate-future-tv