Ken Fisher at arstechnica just posted about YouTube and its legal protection from copyright holders. It’s a very interesting article, and I’d suggest checking it out if you aren’t familiar with YouTube or how they “get away” with having all that copyrighted material on the site.
I’ve never produced a television show or a movie that I would need protected from pirates, but I am of the opinion that YouTube actually helps programs, movies, etc. make more money. And as an advertiser, I think that it’s a fantastic thing for our industry.
First a disclaimer, I’m not talking about using Limewire to download a full-length feature in HD and burning it to a DVD. YouTube limits video length to 10 minutes making videos more difficult to post entire programs and movies. Sure, someone could cut a TV show or movie into parts, but that does make it more difficult on the viewer. And I’m not necessarily going to debate the morality of posting TV shows on YouTube. We can discuss that in the comments if someone wants to get the ball rolling.
The really cool part of YouTube is that virtually anyone can post video for the world to see. People have cult followings of their video blogs. Funny clips have given us “America’s Funniest Home Videos” 24-7. And all of it is on demand.
Video on demand is here to stay. iTunes has available hundreds of shows available for purchase for $1.99. Most of the networks have video service on their Web site. To take my DVR, you’d have to pry it from my dead hands. Our cable company has a VOD product that provides content from about 20 different networks including HBO, Showtime, etc. YouTube is an extension of that need for video on demand. Video on demand is good for the television industry because that’s what the consumer wants.
So where does that leave the advertiser? So many of those video on demand options don’t include advertisements. An old rule of advertising is that you should get a message from the ad even if you are watching it with no sound. In the DVR world, try no sound and at 3 times the speed. Let’s face it, people don’t want to see commercials. Even before technology, we went to the bathroom during the commercials. People have never been captive to our ads. (I’m being extreme here to make a point – television advertising is still an important media to advertisers, we just have to continue to be creative to make people want to watch.)
YouTube allows advertisers a unique opportunity to share ads in a community. Not all ads are meant for YouTube, but if it’s funny, different, appealing, etc. it probably has an audience there. As you can imagine, ads that people choose to watch are far more effective than ads that are put in the middle of shows. YouTube gives us an opportunity to provide comment to eager viewers – we just have to provide the content that they want to watch. That’s where knowing your market comes into play.
Based on Ken’s article, YouTube is here to stay (for a while). As advertisers, we should be happy about that.