A similar challenge faces publishers today seeking to convert existing readers/subscribers into multichannel users of both their digital and print products. For proof of this uphill climb, consider recent industry data: Approximately half of newspaper readers only consume the paper's print edition, per a Pew Research Center survey. Ask the experts and they'll tell you it's crucial for content providers to get their readers to use both print and digital editions, if possible.
Posted Jan 27, 2016
Fast-forward to the 2015 London Fashion Week and it certainly looked as if the industry had more than caught up, with wearable technology leading the way. British designer Henry Holland collaborated with Visa Europe to kit out VIPs attending his House of Holland show with wearable payment technology in the form of a ring. The rings, designed by Holland, included integrated near field communication (NFC) payment technology, enabling the lucky few to purchase items directly from the catwalk.
Posted Dec 22, 2015
Subscriptions used to be the exclusive domain of publishers, but not any more. Today, the subscription revenue model is the business strategy of choice for everything from software to snacks. There's a burgeoning business of "box" subscriptions: coffee, underwear, food, nail polish, razors, and anything else you can fit in a box and people will pay for to receive on a regular basis.
Posted Dec 21, 2015
For as long as I have been covering digital media, the paid content question has been relentless. Will consumers ever really appreciate and pay directly for the costly journalism they crave? There have been many encouraging but false starts.
Posted Dec 17, 2015
At CCC, our mission is to make it easy for people around the world to get, use and share content while protecting the interests of creators, publishers and other copyright holders. Our RightFindTM content workflow solution suite provides employees with fast, easy access to the full range of high-value copyrighted information they want - anytime, anywhere. Integrated content spend analytics helps information managers make data-driven decisions related to subscriptions, licensing and more. No other content workflow solution today delivers the powerful combination of content, rights and information management expertise.
Posted Dec 01, 2015
Here at Acquire Media, we pride ourselves in serving customers all along the digital content supply line. This includes acquiring and licensing content all the way to creating user interfaces to display and link content from different providers. And, as the landscape of content providers, formats, protocols, and uses change, it has forced us to stay on the cutting edge. With this laser-like focus on innovation, Acquire Media gets to participate at the forefront of every new innovation in the ECM space. This includes those from the provider side of the equation and those from the content user side. As such, we at Acquire Media have a unique perspective on the entire landscape.
Posted Dec 01, 2015
The digital revolution is nothing new, but many legacy media organizations are still trying to master the art of giving their online audience what they want, while bringing in enough revenue on the digital side to make up for dwindling income on the print end of the business. Winnipeg Free Press was no exception.
Posted Nov 04, 2015
Tuesday was a big day for YouTube. It announced a subscription streaming service, as well as a music streaming app. The membership is called YouTube Red and costs $9.99 per month for desktop, Android, and $12.99 per month on iOS. Eventually it will include access to exclusive content, and features a "save" feature.
Posted Oct 22, 2015
Software programs masquerading as humans and controlled by criminals are decaying trust in the ecosystem - and these bad bots are getting smarter by the day. It may sound like a mediocre movie plot, but the drama is all too real for advertisers, publishers, agencies and others in the digital advertising marketplace who are falling victim to bot fraud. Now, combatting the multipronged menace has become a priority for many stakeholders.
Posted Oct 21, 2015
Are you tired of having to leave your Facebook app to buy something? Is shopping on your mobile device a bit of a pain? Well, the social media giant hopes to solve those problems for you. Facebook announced it is working on new features to help sellers make the mobile shopping experience easier.
Posted Oct 13, 2015
DRM means different things to different people. In popular perception, DRM is often associated with controlling access to proprietary content--for instance, preventing music or video file-sharing. To be clear, this article is not about content protection technologies that prevent viewing or using digital assets. Instead, we take an enterprise perspective, and the focus here is on enterprise DRM tools to manage the rights and licensing information associated with digital assets.
Posted Oct 07, 2015
Despite this popularity, the BBC's model has come under increasing attack, particularly from the traditional news media. Speaking on TV, Chancellor of the Exchequer George Osborne called the BBC's website "imperial" and voiced concerns about the BBC's potential to crowd out the online operations of traditional newspapers.
Posted Oct 06, 2015
According to the U.S. Copyright Office, "It is a principle of American law that an author of a work may reap the fruits of his or her intellectual creativity for a limited period of time." "Copyright" literally means the right to copy. There are more than 300 years of history and legal cases that developed copyright law in the U.S. It all began in England in the late 15th century, with the introduction of the printing press. In 1710, Parliament passed the Statute of Anne, which "established the principles of authors' ownership of copyright, preventing a monopoly by booksellers," according to the Library of Congress (LC).
Posted Sep 28, 2015
Several publishers have made headlines over the past few years as they battled Amazon.com for the right to set their own ebook prices. Amazon.com wanted to contractually obligate the companies to set the prices at $9.99 or less. Big-name authors got involved, as did Stephen Colbert-whose publisher, Hachette, was in one of the longest and most contentious contract negotiations with Amazon (which, for its part, tossed its weight around by taking pre-order buttons off of Hachette books, and purposely filling books for Hachette books late). But Hachette and other publishers, like Harper-Collins and Simon & Schuster-as well as the rest of the so-called "Big 5"-eventually won the right to set their own prices. But as the Wall Street Journal points outin "E-Book Sales Fall After New Amazon Contracts," that may be coming back to haunt the companies now, which have seen their ebook revenue fall.
Posted Sep 08, 2015
Web users are showing a willingness to pay for content through subscriptions, but publishers and apps are seeing mixed results with premium tiers, according to a March report from BI Intelligence that explores categories increasingly relying on recurring payments to monetize content. The report finds that while some companies use a purely subscription-based model, such as Netflix, many others employ a "freemium" plan. Under this structure, all users gain basic access to content-which is often supported by ads-but can pay to upgrade the experience, perhaps unlocking certain features or accessing an ad-free version.
Posted Jun 29, 2015
If you were measuring by the size of the headline fonts, 2014 looked as if it were an inflection point for venture capital (VC) investment into the digital content industry. According to Preqin, which tracks data on the investment industry, VC funding in the digital content industry reached $683 million in 2014, more than double the $286 million invested in 2013. A series of discussions with VCs already active in the digital content space revealed a real appetite for further digital content opportunities-provided those companies searching for funds bring with them scalability, engaged users, revenue, and quality.
Posted Jun 22, 2015
What happens when five powerful publishers band together to form a programmatic ad network, allowing advertisers to buy advertising space on The Economist, CNN International, The Guardian, Reuters, and Financial Times? The short answer is Pangaea. A longer answer, or at least longer-term one, is that no one is quite sure yet.
Posted Jun 08, 2015
There are many lessons to be learned from the rise and fall of Gigaom. The thing that struck me, though, was that this seemed to be an argument for ad-supported media. You don't hear many of those these days. We're used to hearing about newspapers and websites shutting down after dwindling ad revenue is not enough to keep them afloat. We see The New York Times and its ilk instating paywalls to help pad the bottom line. Rarely, however, do we hear cautionary tales of companies that dared to experiment with different monetization strategies and lost.
Posted May 26, 2015
A new report from Juniper Research has found that the value of the global digital content market will reach $154 billion annually by 2019, an increase of nearly 60% on 2014. The research, Digital Content Business Models: OTT & Operator Strategies 2015-2019, observed that mobile and online games would account for the largest share of content sales (38% of cumulative revenues), with game formats continuing to transition from physical to digital.
Posted May 05, 2015
After Jay-Z announced his newest venture--a streaming music service called Tidal that he bought a majority stake in for $54 million--with the help of a lot of very famous musicians, there was a bit of a backlash. Meanwhile, Spotify raised $400 million from Goldman Sachs and Abu Dhabi's sovereign wealth fund. And Apple's Beats Music service is pursuing artists for exclusive deals.
Posted Apr 14, 2015
Piano Media, a paywall providers revealed the signing of a new OEM partner agreement with Cxense enabling the company to provide a content recommendation engine to its clients, increasing audience engagement to help publishers convert site users into paying digital subscribers. Piano will integrate several Cxense products with its paywall enabling publishers to better identify, segment, and convert site users.
Posted Apr 09, 2015
IPR License, a rights and licensing trading platform, and Digi-Rights, a provider of automated rights solutions, have announced the launch of a promotional campaign to help greater numbers of US-based self-published authors to showcase and monetize the rights they hold to their works.
Posted Mar 31, 2015
In its quest to dominate your online experience, Facebook has revealed--or, rather, the New York Times has reported--its plans to start hosting media sites' content, rather than simply being a repository for links to outside content. According to the New York Times, the social media giant has been talking to media companies about hosting their content.
Posted Mar 25, 2015
For a while now, I've been asking people the same question over and over: "Why does anyone still pay for a DVR?" At first, the answer probably seems obvious. "A DVR allows me to save my favorite shows to watch later, at my convenience," you say. And that's true. But when you take a closer look, the actual value proposition is not so clear cut.
Posted Mar 24, 2015
Several publishers have come together to form an ad alliance, pooling audiences to combat the like of Google and Facebook, whose massive audiences often draw ad dollars away from content providers. The Economist, CNN, The Guardian, Reuters, and The Financial Times have formed a programmatic ad network in order to pool their audiences and allow advertisers to buy up space across all of these audiences. That audience is about 110 million readers, according to the alliance's website.
Posted Mar 19, 2015