Tuesday, January 13, 2009

The new 30 second spot is a 10 minute spot

According to a recent Joseph Jaffe post, Only Poor People Watch 30-second spots, the American Idol key demographic is getting older, along with also trending to lower income earners. Maybe that is why they have added a rather attractive young female judge to be the 4th on the panel this year. But more importantly in his post was this fact:

"A new survey suggests that upscale households account for a disproportionate slice of the DVR distribution pie, as more than half of all U.S. homes with incomes of $100,000+ subscribe to some form of time-shifting device"

Advertising revenues are already down across the board for the traditional mass media outlets, so it's not like this has anyone shocked. But what are the companies that pander to these high income earners going to do to get their target markets attention. What is the future for television advertising as a result of the TIVO/PVR technology. This took me back to a session I attended at the Marketing Week conference in Toronto last November. It was on the lack of attention that people pay to traditional media nowadays and one of the panelists was Ian MacLean from Etc.tv

Etc.tv is a company that does on demand advertising in Canada, which basically puts the power of advertising in the consumers hands. They are allowed to click on a commercial or product and be taken to a more in depth longer commercial or experience with the product. This could mean a reverse in thinking, instead of people be less interested in a commercial they could be fully engulfed for as long as 1o minutes by a product advertisement. The only difference is they are choosing when and how they want to view the ad which is quite an ingenius concept. Although this concept is a long way from being in the mainstream, it does seem like a movement in the right direction. Technically this is where we are already heading with people able to youtube advertisements they like, so it seems like a natural evolution. The only problem is the set up to allow consumers to view this on demand advertising. Right now it is only available in Quebec through Etc.tv so look for it to expand in the future.

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