Since the unveiling of Ben Silverman's new venture in partnership with Yahoo and the newly formed DumbDumb Productions with Jason Bateman and Will Arnett, the web's been abuzz, and my Google Alerts have been blowing up. Most of the posts have been the same recycled press release, but tonight I happened across ClickZ's post, 'Agencies Ho-Hum on Yahoo's Latest Premium Video Drive' with the agency perspective on it. So, of course, I chimed in, but their pesky character restriction forced me to condense my commentary, so I'm posting it here in full:
It's interesting to see agency reactions to this latest advertiser-funded video venture, and as someone immersed in the branded content space, I encounter more skeptical agencies than I do those embracing digital entertainment as the future of advertising. In its current inception, I can't say I entirely disagree. Most attempts to date have been a range of clumsily to overtly integrated product placements or storylines that are disconnected from the core traits and positioning of the sponsor brand. And I can't name one that includes any tangible call-to-action in driving measurable viewer engagement.
So, it's not that there are unsuccessful web series out there as a whole (there are dozens of exceptional ones, in fact) so much as ones that lack the strategy needed to reach and motivate an audience toward some actionable end. In an oversaturated space, even the highest quality content is often left undiscovered (most consumers have still not even heard of Dr. Horrible, which made a primetime Emmy appearance, or The Guild, which is backed by Microsoft.) And attaching notable talent generates initial buzz, but isn't typically enough to sustain an audience long-term. (Though it is critical to rise above the clutter and legitimize the category among a mainstream audience.)
All that said, I do believe that when the brand is brought in at the pre-production stage, and the content is crafted to be emblematic of both the brand -- and the consumers it's trying to reach -- it can be a very compelling vehicle through which you can generate ongoing, top-of-mind awareness for the brand and drive consumption, affinity and sales. And I have no doubt that the content DumbDumb will develop will be top notch (I am a big fan of Jason Bateman's work and think his style lends itself well to brand parodies), and they are already a step ahead of the game by being able to attract big name advertisers.
But it will require more than just a funny sketch to become a viable business model. It needs to be fueled by an underlying strategy that a) drives consumers to the content at a sizable enough level to produce a return on the investment (not convinced presence on Yahoo alone will be enough), b) compels viewers to return regularly (most weekly web series drop considerably in views about midway through or never even reach anything near critical mass -- especially if you factor in that the content will leave a brand impression on less than 5% of viewers and even less than that will take any action) and c) offers ongoing, two-way interaction that creates a value exchange for the viewer's time and attention and elicits support for the brand (in the form of brand loyalty/ambassadorship, sales etc).
My company, Space Truffles Entertainment, is focusing significantly on the latter in 2010 with original scripted content designed to drive a specific action, and experimenting with branded transaction-based experiences that unlock bonus content for some desired behavior or engage viewers through multi-platform participatory experiences such as clues toward solving an online mystery. In that manner, while entertainment may be the driving force/benefit, it is still a piece of marketing geared toward a targeted audience and intended to move a measurable objective. The bottom line is that if you don't have pre-defined metrics in place beyond views alone, even the strongest piece of creative won't translate into quantifiable value back to the brand. And viral trajectory isn't always indicative of brand affinity as even content that spreads via social networks because of humor or shock value doesn't mean those viewers will ever convert to brand.
In any event, I'm eager to see how the Electus/DumbDumb partnership unfolds, and think it could lead to tremendous advancement of the digital entertainment category overall if they are successful.
Gennefer Snowfield
http://www.twitter.com/Gennefer
So, that was a 3,000+ character mouthful, eh? But hopefully, you found some insights valuable, and while I have your attention, here is a video from my favorite piece of branded entertainment for Post's Shredded Wheat, The Palace of Light. While some may describe it as merely a longer form commercial, it humorously -- and memorably -- conveys the brand’s rich history and tradition (and without even realizing it, you’ll see that you take away core brand messages like the fact that shredded wheat hasn’t changed in a 100 years without once feeling like you’re being ’sold'). Enjoy!