MySpaceTV looks a lot like YouTube - Prom Queen stats MySpaceTV launched today and it really does look very similar to YouTube. Besides its cluttered landing page which is stuffed with banners, MySpaceTV has nearly the same exact layout as YouTube, which isn't necessarily bad. MySpace users most likely have visited YouTube and know that site fairly well. All they need to do now is hang onto their traffic instead of direct it to YouTube. Given that it launched today, I'm not going to discuss their very slow load times as I'm sure they are working out the kinks, but I think that with all of the folks that YouTube pissed off (especially on the pro content side) MySpaceTV is a viable alternative. It's already #2 and with this new setup could overtake the top spot. The more I look at it, the more its an EXACT copycat of YouTube. Everything from the layout to the categories to the way that its sorted (although some of the things don't really work).
An interesting point to note about MySpaceTV is that PromQueen received a majority of their traffic through the social network. I'm looking at the PromQueen page and seeing that different episodes get a different number of views. I would expect recap episodes to have a low hit count, but some of the videos that have low hit counts just don't make sense. Granted I haven't been watching so perhaps the prior show lead in was weak or there was some type of grand PromQueen promotion....But the variance of views goes from a few hundred thousand to 20,000. Strange huh? Is that really the way that we consume our video? I would compare all 80 some episodes of PromQueen at 1:30 each to a 2 hour feature film. Are we really that impatient that we will skip the boring parts and fill this in with our own perceptions? My initial feeling was that Prom Queen episode 1 would be the most watched. It's not. It's episode 20: Off like a prom dress with 1.2 million views. Could that have been the day that Prom Queen was featured on the front page of MySpace? Or was episode 19 really that good? Was it the name of the episode? Because episode 67 was called Naked n the Rain and that only received 139,000 views. I'm glad that MySpaceTV captures all of these YouTube like metrics (and hopefully more) as we'll soon be able to dissect our viewing habits.
Overall, I think that MySpaceTV is going to give YouTube a run for its money. Why go onto two sites when you can simply stay on one?
Video Video Everywhere
Everywhere I turn, every story I read, someone is getting funded in this online video space. Earlier in the week it was WallStrip's $5 million cash out. Previously it was Will Ferrell's company starting a comedy site. Today its Rooftop Comedy receiving $2.5 million from Azure Capital Partners to bring stand up comedians to the Internet. Again, no one wants to be deemed the "You Tube killer" as they do not accept user generated content. Instead they take on the rest of the content creators out there with somewhat professionally created content.
Great concept as comedy seems to be the one aspect that can be controlled in online video. The other is shock which usually comes from UGC. Prom Queen probably falls under suspense/thriller and I'm curious to see if there's any drop off from last month's reported numbers. However, as Mashable pointed out, Rooftop Comedy provides an outlet for comedians to get their funniness out there and they have links to the comedians own website. I mean, that's all well and good, but what's the business strategy? I'm smelling Web 1.0 e-commerce bubble where everyone would put a storefront on no matter how much money they lost (Pets.com anyone?). Now there's a Web 2.0 online video bubble where we can simply place a niche targeted website up that plays back some content. Are we really going to serve up that many banner ads? Are people really going to click on your AdSense that's next to the video?
I think that the real winners are going to be the TV Guides in this new world. Is it Blinkx (which IPO'd overseas by the way)? Is there a way for us to find the content we want online? In the world of the long tail, this will be the company (Google?) that emerges from the dust as the broker of viewers and content.
Social Network Woes? This past week MySpace announced the purchase of Photobucket for $250 million in cash. Compared to News Corp's $580 million acquisition of MySpace, this looks relatively expensive. Further since Photobucket users are primarily MySpace users, News Corp is paying a lot for an incremental amount of eyeballs. Why would News Corp do such a thing?
Well, in a case of the rich getting richer, MySpace is the primary destination for social networkers out there. Sure, there's LinkedIn for business folk, Friendster for early adopter social networkers, Sneakerplay for sneaker lovers,Facebook for college students and so on and so forth. However, nothing beats the shear strength of MySpace's reach and depth (176 million as of right now). MySpace helps to launch many items of interest including a high proportion of Michael Eisner's Prom Queen episodes, various movies and television shows, and of course the original intent of MySpace: music and unsigned bands. MySpace video is second only to juggernaut YouTube and the numbers for MySpace are staggering, with the social networking site consistently in the top 5 sites hit, searched for, and session time.
MySpace is protecting its territory and rightfully so. However, those of you who remember Friendster also remember how quickly that social network flickered out. With niche social networks coming out, MySpace wants to be the ONLY destination for social networkers. Two weeks ago, I was notified that my account on Nike's Runner's social network would no longer be supported. I suspect that as time goes on this will be a common scenario. However, the niche social networks do have targeting which many advertisers find valuable. The social network is stronger than ever however, we are slowly seeing segmentation. I would compare this now to the age of network television versus cable. We have the big players, the MySpace, Friendster, LinkedIn, and Facebooks (akin to ABC, CBS, NBC, and Fox) and then the niche players like SneakerPlay, MuscleDog, Barack Obama Supporters, etc which all serve a very important purpose. And if we take this a step further, I could definitely see MySpace purchasing other social networks (like StockPickr for example) similar to NBC and CNBC, simply to sell highly targeted niche advertising.
Monetizing YouTube? ... Not Yet
On YouTube's blog the "YouTube" team mentions that they are going to begin to share revenue with their more popular users outside of their "partners." Partners currently include the biggest traffic drivers to their site like the NBA, CBS, lonelygirl15, and NBC. Now they are going to share revenue with popular users like LisaNova, renetto, and smosh. Revenue share will include participation in Google's Adsense network. This announcement also comes off the heals of Afterworld (Bud.tv's foray into online video content) was announcement (via Mashable) as the first test of YouTube's ad program.
A few very simple questions spring to mind with these announcements. First and foremost: Why don't they share revenue with everyone? YouTube is easily gamed and they are sharing revenue with channels that have the most subscribers or views. You could easily build a bot to knock your views onto the Most Watched list or create many accounts to build your subscription list. And if its a logistical matter of paying out small amounts, have a threshold amount (like $5), similar to Revver. Secondly, this revenue sharing system (of clicking on AdSense ads) doesn't really work. Maybe its my content but I've tried it out (also via Revver) and perhaps its Revver's smaller advertiser base but I've never really had the desire to click on an image based Revver ad let alone a text based Google Adsense ad. Thirdly, most people watch YouTube content not on YouTube but via YouTube's embedded player. (See yesterday's post on Prom Queen and MySpace). Overall, though, I do have to applaud YouTube for making an effort. They're hit with a billion dollar lawsuit. They're probably getting a lot of heat from shareholders about their ROI ($15 million in revenue vs $1.7 billion purchase price). I'm not sure what this Afterworld model will look like but I hope it keeps the viral aspect of YouTube going with a way to embed the ad within the content.
Eisner named Prom King The results are in and Michael Eisner wins ... or does he? The anticipated results for the one month old Prom Queen Internet serial are in from Eisner led Vuguru. According to Mediaweek, the 2 minute web episodic is averaging 200,000 views per day and an aggregate of 5.2 million views since its premiere on April 2nd. Now that's pretty impressive considering that some of the weekly most viewed on YouTube are 200,000 (in fact, at 200,000 it would have been 15th on YouTube's Weekly list). And for many of us, we can actually go back and watch these clips at our leisure and thus racking up more hits. Further, Prom Queen has garnered more than 18,000 friends on MySpace where users are treated to a sneak peak of the show. Out of the show's 5 million views, MySpace accounts for nearly 4 million, followed by Eisner's other company, Veoh, at about 1 million, YouTube at a quarter million and PromQueen.tv.
Given the long tail, that's a hit. Prom Queen is receiving on average 200,000 views. That's not taking into account any of the archived views or streamed mobile clips. That's an amazing number, especially one that can be sustained over (thus far, 40 episodes). I'm not going to comment about the content, although, I got into it for a while, but then my interest level dropped off (probably because I'm not a Prom Queen friend....yet). The production values are phenomenal and I almost wish there was more to watch at the end of my two minutes. Ok, so the content is great, production value is great, but the big question is this: Is it bringing any value to the sponsor, HairSpray the movie? I'm not sure, although it probably is bringing some general awareness to the movie from this tween demographic. The other question is this: Is this model easily replicated? The team that put together Prom Queen also put together a daily webisodic called SamHas7Friends, which while good did not receive the same number of hits as Prom Queen. But again, that, I guess was an experiment (a very successful one) that landed them the gig with Eisner which didn't have the P&A (prints and advertising) that Prom Queen has (although Prom Queen has no P&A but in web speak, they have banner ads and big time press and a big time backer). So...what's the model here? Does this have to be something daily? What frequency? TheBurg.tv comes out monthly with their 15-20 minute episodes and I think they've done fairly well (537,686 on Alexa vs 148,798 for Prom Queen). Is it the length of time? 2 minutes really does keep you on the edge of your seat... What genre works? My gut would say comedy or thriller but watch YouTube and you find all types of things. Well, I guess keep watching this space for more information as we continue to experiment in this new new world.
The Results are in...Bud TV Falls So the results on the very widely watched (at least from a results standpoint) are in. Bud.TV viewership peaked at 253,000 visitors in February and has now dropped to 152,000 unique visitors good enough for ranking number 49,303 on the web according to ComScore Media Metrix. Bud execs were hoping for between 2 million and 3 million viewers on the online network which cost about $30 million. There's been a huge controversy over Bud TV's age verification scheme which asks you to put your drivers license since the attorneys did not want the alcohol manufacturer to actively market to underage adults and teens. However, despite this, Bud TV's free clips on YouTube have received little traffic with a few exceptions.
So the branded television network does not seem to work. Although 150,000 visitors is not bad, granted with a $30 million spend they should have received more. Personally I haven't watched any of Bud TV's clips until this post. Replaced by a Chimp and Afterworld are two shows that I've watched on YouTube. They are not bad although Afterworld seems like more of a slide show than a movie. There is no visible product placement except for the Bud TV logo in the corner. I'm not sure why they are not receiving the views that they were supposed to be receiving especially with all the hype surrounding it. Embedding is disabled for Afterworld, but I don't think that's the issue. I think one of the issues could be the pacing and the length of the shows. On average each show is about 3 minutes, where as Prom Queen is two minutes, although we don't know how Prom Queen is doing yet. "What Girls Want" is pushing 7 to 8 minutes! Replaced by a Chimp also adds about a third to its run time by putting their credits on as a post roll. While viewers probably click off at this point, potential viewers could be dissuaded by such a long run time. OR could it be just a critical mass thing? OR could this really be the Long Tail? Afterworld in YouTube terms is still in the top 10 subscribed and viewed. MySpace took a while to take off, maybe Bud TV needs to just keep at it and eventually a "tipping point" will occur? We'll be watching.
Prom Queen So Prom Queen debuted on Monday. If you are not aware of it, it is Michael Eisner (ex-CEO of Disney) venture into the online world via Vuguru his online production company. 90 second episodics professionally produced and sponsored through pre and post roll advertisements. Prom Queen is produced by the same team that put together Sam Has 7 Friends, normally thought of as the harbinger of the online serial short, and the first series produced by Vuguru and hosted on Veoh (Eisner is on their board).
Initially thoughts? Not bad. There's a pre-roll and a post-roll advertisement for Hairspray the movie. That's it. No visible product placements. No visible brands. Content wise? Not bad either. Feels Dan Brownish. Each episode ends on a cliff hanger of some sort that leaves you wanting more. The production quality also gives an eerie "Am I watching TV online?" feel to it that makes Internet time feel like TV time. (Meaning that on TV they can slowly creep into a room but online why don't they just have a jumpcut to the room?) Honestly the 90 seconds goes by pretty quickly and you almost wish that they didn't have this restriction (which is obviously what they want). Each of the characters have their own MySpace page and the forums (while not heavily travelled ... yet) could be an interesting point to determine plot points and other things that the producers could use ... or not use.
In my opinion I think the content executes well. I could see that the series could be highly addictive and like shows like Lost and 24 have fan sites arising and all types of chatter via the message boards and forums. The production quality is superior and rivals that of ABC.com. The one thing I'd like to see is better integration of product sponsors with the content. As we move toward a pay per action world, perhaps that's what we might see. But for a first pass, good job, Michael. We'll be waiting to see who kills the Prom Queen.
