Today, I read a great analysis of the Media industry by Paul Sweeting that rang so true! Here’s what Paul said:
On the Web, value is not created primarily by either content or distribution. Users create value out of content through the use of tools that enable them to do something with the content, whether it’s to move it, share it, reformat it, store it, discover it, mash it up or embed it. What the media companies most sorely lack is not sufficient content or adequate distribution but a workable mechanism for capturing a fair share of the value users are creating for themselves. Ultimately, media companies need to become not distributors or content owners but enablers.
At Donat Group, we often have this conversation with media clients — both large and small. It is always interesting to propose a scenario to them in which neither the content nor the distribution have significant value and to see where the conversation meanders. When we present our model of Audience Engagement Value, most clients are initially quite surprised. (I know this sounds like B-School/Corporate-speak, but bear with me 
) What this all boils down to is the fact that today’s audiences (however you define “audiences”) want to do something with content — theirs, yours, it doesn’t really matter.
So, the real questions on the table are: What is that “something” you’re going to let them do?! And, is there perceived value to them in doing that?!
Last week, I was interviewed by the Vancouver Province for my thoughts on the Vancouver Tech scene. They wrote up a great article (and there’s even a nice picture of me 
).
However, beyond what’s mentioned in the article, I firmly believe Vancouver has the huge potential of becoming a major vortex for Digital Media and naturally, technology is an essential component of that! With its unique combination of technology, culture and entertainment (games, film & TV), Vancouver has the talent and expertise to bring all these industries under one magnificent umbrella and really position itself as the Digital Media center of the future!
There are lots of people contributing to this vision and all I can say is that it’s an exciting time to be part of this phenomenal Vancouver team! I’m doing my part to make this happen and I truly look forward to seeing this vision realized!! Stay tuned…
I’m exhausted! This past week, Vancouver hosted two of its largest digital media conferences, the Vancouver International Games Summit (VIGS) and the Vancouver International Digital Festival (VIDFEST), simultaneously!
I was very fortunate to connect with several bright, sharp and visionary people and am still digesting all the nuggets of wisdom that were doled out. It’s going to take a while before completely internalizing all that I heard.
I must admit that I am always most interested in the question of “What’s happening with ‘Business’?” All I can say is the only consistent answer I heard was: Change! Awesome!! Changing business models mean lots of new opportunities and challenges, and, of course, lots of uncertainty! I thrive in uncertainty!
As a teaser, here are a few of the “nuggets” that have me stewing:
- Social Capital and its role in the Social Media Economy
- The Importance of Micro-transactions in Social Media Monetization
- The Importance of Social Experiences to ALL media businesses
- Synergizing the Mob
- New Leadership and Organizational Models
- Agile Business Planning
Unfortunately, I don’t have any concrete answers right now; lots more thinking to be done! If you’re interested in batting around some of these ideas with me, do send me a note!
In the meantime, I’ll try to catch up on my email backlog and recharge my battery before my week begins…and, for all my US colleagues and friends, have a great Memorial Day weekend!
I just returned home from a brilliant week at the Banff New Media Institute, where I met 20 of the top Canadian women in media. I was asked to be a “peer advisor” for the Canadian Women in Communication/Corus Digital Media Career Accelerator Program. All I can say is “Wow“! This past week has been truly invigorating and enlightening!
My role was to offer insights (aka presentations) on common social media tools, business models (yeah, right ), and the nature of instant feedback! What was really interesting was how intimidated many of these senior women, primarily from the broadcasting world, were about these new “digital” options and distribution channels. However, after a week of learning, there were many great take-aways that highlighted the incredible success and need for such programs. A few of the key take-aways included:
- developing a real appreciation for social media tools and the value they can bring to a company or brand
- realizing that the digital world is very similar to the real world (and the traditional media world), with differences occurring primarily in what we “called” things, i.e. jargon and acronyms.
(At the end of the week, we had a huge whiteboard covered with glossary terms and important websites and applications!)
- understanding that it’s all about the audience; the platform or medium is merely a conduit to conversing with them
- recognizing that games are often about the relationships created within them
- learning about the “attention economy”, the “device revolution”, and what “locative media” is
- reviewing some amazing case studies, such as ZeD TV, Regenesis, Fallen, CurrenTV, and many more
- recognizing the tremendous work associated with creating a successful blog and blog presence
- evaluating the pros and cons of HD programming and production
- realizing that storytelling needs to be taken to a new level
- establishing our own personal brands, even within large organizations
- appreciating that we all face similar challenges!
I’m sure there are many I’ve missed and over the next couple of days, I will sift through my notes and perhaps write other posts. However, I did want to sincerely thank the Banff New Media Institute (BNMI) (the organizer), CWC & Corus (the sponsors), and the phenomenal participants and my co-peer advisors for a spectacular week of dialog, conversations, insight and laughter! It was magnificent to expand my social network and to have connected with so many accomplished and inspiring women!
One cool take-away for me was the fact that I can now officially call myself an “Artist”… at least that’s what it says on my Banff Centre ID card ! The Banff Centre and this program definitely inspired creativity in me this week!
