JUL
24
2012

Digital Marketing: High Accountability and Innovation at Sony Pictures Entertainment

Gordon Paddision, CEO of Stradella Road, recently moderated a discussion with Elias Plishner, Senior Vice President, Worldwide Digital Media, Sony Pictures Worldwide Marketing and Distribution and Jake Zim, SVP, Digital Marketing, Sony Pictures Entertainment. The discussion generated a candid dialog of Sony Pictures approach to digital marketing.

Watch The Video: http://www.imediaconnection.com/summits/coverage/32161.asp

Some key takeaways:

·      Digital now exists as an interesting mix of high accountability (the Sony Digital KPI Report Card is both terrifying and wonderful for any agency) and free-ranging R&D built in to the marketing budget for movie titles.

·      Digital has a strategic seat at the table these days – it’s not experimental or emerging.

·      The ability to rapidly discover and adapt to changing consumer behaviors and interaction models is critical to success, as is being able to adapt strategies and tactics to the needs of a specific title.

In short – you need your digital house in order, and you need to be ready to change tactics quickly.

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JUL
10
2012

Stradella Salon: Empowering Independent Cinema Marketing and Distribution.

On June 7th 2012, a group of media innovators gathered at Stradella Road HQ for one of our ongoing Salons. This time the discussion was on key trends and opportunities related to Empowering Independent Cinema Marketing and Distribution.

Our group included independent film makers, distributors and platforms, marketers, talent agents and our Stradella Road team.  We shared lively, free-wheeling conversation and candid observations about the state of a business that  is in a word, changing. Here are some highlights…

Addition, Not Subtraction


One theme that quickly emerged was that living in a world of hyperconnected consumers is making decisions about the right addition to the current mix of media and mediums a real challenge. It’s not just a matter what to add to traditional media options—it’s about how much more needs to be done to increase audience engagement before, during and after a film is released.

The obstacles pile up quickly: More work without increased budget, the willingness of talent to participate in social engagement plans, the coordination between multiple media, creative and engagement strategies. On the plus side is an interesting new addition to the marketing arsenal:
the audience itself, an audience that can be made “captains of campaigns.”
We looked at ways marketers can help prepare and train consumers to take on the responsibility of helping a film succeed and discussed our experiences using some of the new “crowd sourcing” tools and platforms such as Tugg.

For some content players, engagement is fast becoming as important a measure as raw views.
As one of participants stated flatly of an episodic piece: “Likes matter more than views.” While this may seem counter-intuitive to some (a view is a view is a view, isn’t it?), the need for a new breed of content creator is to have audiences return regularly rather than show up one time, and to have them continue to engage with product extensions across mediums (transmedia) without having to be re-marketed to each time.

Uniquely Identical Strategies

Building a customized mesh of strategies and tactics that guide an audience is essential, and while at a tactical level, there may be some fundamentals (for example you’d be crazy not to have some kind of online trailer for a film), the reality is that there are no simple formulas or templates to follow.

Talent is one factor that can throw formulas out the window. One participant cited a mega-star who simply does not do social media—no Twitter, no Facebook, nothing at all. It seems to not matter a bit to their success. Then another related that talent participation in social media was the key to building the audience for their film and firmly stated the belief that their talent must play along.

Everyone seemed to agree that event-izing a film is the way to go… while recognizing that people don’t have unlimited time to attend a never-ending parade of events, and that for consumers a film might not really be an “event” as much as it used to be. Something of a paradox, no doubt.

There is definitely an additional level of creative effort beyond making a quality film that is needed to connect with an audience and build immediate engagement with the property before release. In the best-case scenario, planning for this should be included right at the budgeting stage and kick off with at the very beginning of production.

The big takeaway was that citing a strategy that worked well for one title within a genre and simply doing it again and expecting the same results is folly. Our group consensus? There is no formula, and there may never be one, and that’s OK.

Content & Platforms & Distribution


We also debated the intricate connections between content and platforms and distribution. One participant put it rather bluntly: “Content is content and platforms are irrelevant.” Another stated that “Hollywood has always adjusted to new platforms, we just happen to be in the middle of a readjustment to new media.”

Part of the readjustment involves how to shift thinking and planning from a model where the consumer had only a few media choices to a world where media consumption choices are, in effect, infinite.

One big topic was Video On Demand (VOD) and no one in attendance was shy about expressing opinions on the effect VOD is having on audiences:

  • “There is an extreme on-demand component to how everyone is living now and we need to address/tap into that. VOD is essential to the sophisticated viewer.“
  • “Netflix has changed the industry from I want to see this specific film into I want to see a film.”
  • “With VOD my audience is potentially the whole planet—am I missing out on revenue due to regional restrictions?”
  • “Does anyone know if day-and-date VOD really cannibalizes theatrical? The evidence seems contradictory. How can we find out for sure?”
  • “VOD is a huge threat… except when it’s a huge opportunity.”

Another topic was the impact of mobile devices. One participant sounded somewhat exasperated when she revealed that “my kids watch movies on their PHONES—they don’t even care that the screen is so tiny!” and another revealed the startling fact that “75% of their [substantial!] media views are from mobile.”

Ultimately, we came to the end of our session with a sense of invigoration. Change can be scary, but change also brings with it new and exciting opportunities. We’re in the midst of a creativity boom, and many thousands of emerging models for marketing and distribution are getting rapidly testing, proven or discarded. Creating the right mix for everything from promotion to distribution is and will remain complex. That’s where our artistry comes into play. And we wouldn’t have it any other way!

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MAY
15
2012

Pinterest and Reaching the Boomer Woman

Pinterest is a bit of a phenomenon. For whatever fascinating psychographic reasons, it skews heavily female—about 70% by most reports, some say 80%. According to published data, it also skews upscale (28%+ have HHI of 100K+) and older (48% 35+), and users in the Midwest of the USA are unusually well represented.

In short, Pinterest reaches in an important segment for the movies: the Boomer Woman. In various benchmark studies we’ve seen, Boomer Women have high levels of desire and intent to see movies in the theater but a disconcertingly high level of fall-off from intent to action.

We think that Pinterest can be a simple and effective tool to help movie marketers streamline the path from intent to action for this audience, as long as the programs are designed to make it fast and easy to go from pin to ticket purchase.

Let’s consider a film now in theaters—The Lucky One—which should have some female boomer appeal. Here’s a typical “Pin” of the movie poster, which has received a good level of attention (based on re-pin activity).

There are enough of these types of Pins, with similar activity, to add up to a good-sized audience signaling interest and intent to see the film.

Traffic like this is generated with images (and, increasingly, video) from a wide variety of sources, from personal blogs to images on news sites. For content Pinned from an official movie site, we believe that it’s important to connect to ticketing options in a smarter fashion. The consumer has already expressed interest by the act of pinning content they like related to the title.  So it’s the next step, conversion, that really matters here.

Here’s what happens when you click on an image or video asset that someone pinned:

It’s the “original context” part that marketers need to pay attention to. In the example above, the marketer has a choice—they can deliver their interested Boomer Woman to an official website that treats all arrivals equally and offers generic messaging, or they can customize a landing page that speaks specifically to her. The tailored option may add a (very!) small amount to the site development cost, but we think it’s absolutely worthwhile to be able to apply what we know about the Pinterest audience and better service them.

We’ve all seen the studies about boomer women and how they use the internet, and one of the key takeaways of virtually every study is that fast, simple and efficient commerce is always a plus for this audience. So why not give Pinterest users, who have already exhibited the kinds of behaviors we love to see in a consumer, an “express lane” to ticketing options if they return to the source site of pinned content? In the case of The Lucky One, we might use one of existing dynamic content areas on the home page to deliver showtimes and ticketing front and center.

Pinterest is worth the extra effort precisely because of the heavy transactional nature of Pin click-throughs, coupled with the proclivity of Female Boomer audience to state that they want to go to the movies but not attending at rates they wish they did. Anything we can do to lower the barriers in their path to the theater helps.

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DEC
22
2011

Appssavvy and Adtivity

Appssavvy

Great teams create strong outcomes… Four years ago we invested in Appssavvy because we believe that social actions generate effective branding and conversion opportunities for advertisers.

This week saw the announcement that Appssavvy has raised $7.1M to build out their “Adtivity” platform. This investment round included AOL Ventures along with existing investors True Ventures and the New York Times Co. and brings the total amount raised to $10.2 million.

Adtivity initiates ad delivery upon user activity and engagement with content. As CEO Chris Cunningham says, “The future of how publishers build games and communities is not around page views and impressions.”

AdAge notes that the technology is being used by 74 publishers including Disney and social-gaming companies CrowdStar, OMGPOP and Arkadium. Brand advertisers including American Express, Chase and Coca-Cola have run campaigns using the platform.

Congratulations to Chris and his great team.

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DEC
15
2011

DBG named one of America’s Most Promising Companies

Forbes List

We are proud to report that Digital Broadcast Group, one of our Stradella Road investments, has been named to Forbes’ annual list of America’s Most Promising Companiesfor 2011. To make Forbes’ list, companies are evaluated against rigorous criteria, taking into account sales growth, product development, partnerships, customer sentiment and industry-specific data. DBG ranked #3 on the list of 100 up-and-coming companies.

Founded in 2006, DBG produces online videos—marketing disguised as entertainment—for corporations and places them (as well as traditional video ads) among a network of 2,600 websites. Customers include Wal-Mart Stores, American Express, Coca-Cola and Ford and the company has raised $2.5 million in funding since 2008.

Congratulations to Chris Young and a great team of dedicated and passionate employees.

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DEC
9
2011

Miso: Believing in Entrepreneurs

Miso
Perseverance and experience are two things that we really believe in when evaluating start-up talent with an eye toward investment. In the case of Miso, it was Somrat Niyogi that sealed the deal for us when we invested three years ago.

Miso leverages what is increasingly coming to be known as “social gamification”: They award participants points and badges for interacting with content built around TV show and movie check-ins via apps for iPhone, iPad, Android and the web. Miso is now partnering with DIRECTV and AT&T U-Verse to allow its app to communicate with the TV receiver and let viewers know what’s on their TV at the moment and where they are in the show.

This past week, Miso raised $4 million in new funding from Khosla Ventures, with existing investors Google Ventures and Hearst Interactive Media participating in the round.  Our congratulations to Somrat and his team!

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JUL
27
2011

Case Study: The Los Angeles Times



We’re excited to have worked with The Los Angeles Times on an engagement focused on advertising and social media. Working in close coordination with a variety of key stakeholders, we delivered recommendations in the following areas:

1. Ad inventory – We helped create a path for acquisition/aggregation of video content and directed a successful search and evaluation of potential video ad network, rich media, and local ad partners. As a result, The LA Times was able to increase the quantity and placement of ad inventory and create new opportunities for premium-priced advertising.

2. The LA Times Sales Story – Along with upgraded units and placement, we helped The LA Times focus their use of metrics and reporting, bringing in new tools and partners, and weaving these pieces into a new and improved sales presentation.

3. Social Media Profile and Revenue Opportunities – We provided tactical approaches for targeted expansion of social media efforts, including creation of social-friendly account tiers, new sponsorship opportunities, and potential partnerships that editorial and marketing are currently developing.

4. Opportunities in Mobile Development – We explored the realities of mobile development within the existing editorial organization and infrastructure and identified potential areas for expansion, as well as developing specific mobile product concepts that leverage areas of editorial strength.

“The Stradella Road team have been great partners, delivering strategic initiatives resulting in revenue expansion and improved content and user experience for our audience,” says Andy Vogel, SVP, Digital/Mobile at Tribune Company.

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JUL
7
2011

Update on THE HOBBIT



Needless to say, we’re super excited about progress on THE HOBBIT. Peter Jackson and team have finished their first block of shooting and moved straight into location scouting. Meanwhile, Warner Bros. has begun to release some first look photos, including this shot of Dori, Nori & Ori. Other recent recent peeks included these shots at EW.com and this cover for Empire magazine. For more news and behind-the-scenes info, keep an eye on Peter Jackson’s Facebook page and  THE HOBBIT BLOG. More news as it develops!

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JUN
2
2011

Will the Real Big 3 Please Stand Up?

In the latter half of the 20th century, the “Big 3” meant one thing in the media world:

Big 3: NBC ABC CBS

Big 3: NBC ABC CBS

It was a simple time. Mass media was just that. A decent commercial and a three-martini lunch could get your brand message seen by the “eyeballs” you were interested in. From the 1950s until the early 1990s, every hit series appearing in the top 20 Nielsen ratings was aired by one of the Big Three Networks, according to Alex McNeil’s Total Television, 4th Edition.

That may be our DNA but, well, things change. A new major network (FOX) and the proliferation of Cable networks in the late 1980’s and early 1990’s began the audience fragmentation we see so much hand-wringing about today. With the popularization of the Internet, it seemed that those that owned the “on-ramps” to the “Information Superhighway” were the companies to watch. We saw a new Big 3:

Big 3: Prodigy AOL Compuserve

Big 3: Prodigy AOL Compuserve

But these “walled gardens” soon felt quaint and restrictive and when Marc Andreessen created the world’s first Web Browser in 1994, it was as if the gates to the Wild West were opened, driving a flood of investment and optimism about this media revolution. Yes, there was a new Big 3 in town:

Big 3: Netscape Mosaic Explorer

Big 3: Netscape Mosaic Explorer

(That center logo is Mosaic, the first browser, in case you don’t remember.) Now it became clear that if you owned the interface with the Internet, you owned the eyeballs… Or did you? Was it the window to the Internet or something to do with content that captured audiences? And so began the rise of the portals, directories and search engines! Now, surely, these were the REAL Big 3:

Big 3: Yahoo MSN Google

Big 3: Yahoo MSN Google

Or were they? What about those powerhouse e-commerce sites like Amazon.com. And why were major marketers all cozying up to bloggers all of a sudden?

In time, the world survived the Dotcom Bust and Y2K and in the “mid-noughts” a new contender emerged as the REAL, REAL Big 3… Social Media. People, it seems, actually want to connect to PEOPLE through the Internet and on their fancy new glass-crusted smart phones. At last, the biggest social connectors would finally return us to the glory days of mass media! The REAL, REAL Big 3 had to be:

Big 3: MySpace eBay Flickr

Big 3: MySpace eBay Flickr

Oh wait, did we say, “Myspace, Ebay and Flickr?!”… Sorry, we meant to say:

Big 3: Facebook YouTube Twitter

Big 3: Facebook YouTube Twitter

RIGHT. So there you have it. The REAL, REAL, REAL BIG 3!

It’s obvious that Facebook, Youtube and Twitter have won, right? Game over! What? Add Google back in? What about Apple? Look, we don’t make the rules: It has to be 3. It’s a cosmic principle or something.

Anyway, you never know. It’s possible that today’s leaders might actually win the race. Then again, this quick glimpse at very recent history reminds us just how many Big 3’s there have been over such a short period of time. If we were the betting types, our money would be on… well, the point is, we wouldn’t bet the farm just yet. Like they said on one of those Big 3 Network TV shows once upon a time, “Let’s be careful out there, people.”

(Bonus points for anyone who actually remembers the name of the show, rather than just Googling it!)

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MAY
9
2011

Congrats to Flixster



We recently completed an engagement with Flixster Entertainment, the popular social network for movie fans, and we are pleased to note their acquisition this week by Warner Brothers. Per CEO Jeff Bewkes, Warner will use the Flixster brand and its technical expertise to launch and/or accelerate initiatives that aim to dramatically improve the consumer proposition of owning digital movies—in a way that should benefit the whole industry.

We are glad to have supported Flixster over the past six months, helping them integrate a “Path to Sociability” initiative, repositioning key value drivers and product/service attributes and building a solid foundation for growth. Other elements of our engagement included:

- Quick-hit research/reality check with clients to explore value drivers needed to support sales.
- Optimization of pitch approach and materials aimed at studio clients.
- Suggesting interim design and content improvements for Flixster sites.
- Insight and guidance on new units and rich media vendors.

We wish our friends at Flixster the best of luck with their new relationship and look forward to seeing Flixster and Warner Brothers take the business to the next level.

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