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Andy Plesser:
Do you think there’s an opportunity for a business of a long tail of individual
video creators to make money in addition to sort of having their image seen or
searching –
Chris Anderson: Yeah –
Andy Plesser:
Or visible, which is sort of the democratization of media, but how about the
business model –
Chris Anderson: Yeah –
Andy Plesser:
Would emerge?
Chris Anderson: It’s interesting. Two things become very obvious in long tail
marketers. The first is the aggregators
have the big obvious business, so Google can make money off the web in the way
that the individual participants might not be able to. ITunes can make money off music in a way the
individual artist may not be able to, and that – the role of the aggregator
makes perfect sense. So clearly, the
role of aggregating web video, long tail video, is a big opportunity, but you
asked a more interesting question, which is what about the creators themselves,
and I’ll give you two answers. The first
is that we measure return on investment. We measure reward usually in terms of money, but clearly the fact that
there are 55 million bloggers out there blogging for free, the fact that
Wikipedia exists for like people creating it for free, suggests that people can
be motivated by more than money.
There is another economy out there, the economy of
reputation, the economy of attention, the economy of even expression, that
people can be motivated by just getting a readership, by being noticed. This is enough, because it’s so cheap and
easy to produce these days, the tools. Everyone has a camcorder. Everyone has video editing software. Everyone has access to distribution. It’s so cheap and easy to do it; they don’t need to be paid. They’re clearly doing it anyway.
However – so there is a reward, and the reward is more
psychic than it is economic. However,
there is a possibility for some of them to make money as well, and we’re gonna
figure out how that is. So right now, in
the text world it’s pretty easy. If you
wanna make money off your blog, if you have enough traffic, you can put a
couple lines of HTML and you’ve got AdSense. School AdSense. You can have an
Amazon Associates links, etc. Is it –
again, it’s beer money for most of us, not much more. What would the equivalent be for video?
Well, text links don’t work for video. Running AdSense against video doesn’t work,
’cause the targeting doesn’t work. Amazon Associates probably isn’t gonna be very much money either. Would there be a sort of a marketplace of web
video ads that you could run post-roll against web video content in a way that
scales to the long tail of video producers? Don’t know. Doesn’t exist yet. Clearly a big opportunity going forward if
someone can figure that out. I think you
then have not just a sort of psychic award, but actually a monetary award for
long tail video producers.
Andy Plesser:
What do you think about the opportunities for traditional print publications
with a big online presence including Wired, or the New York Times or other
media to have – become multimedia and to incorporate video?
Chris Anderson: That would – I mean they’re obviously
huge. I mean so let’s start with
this. People want video and it’s easy to
do it. So those are the two necessary –
supply and demand. The question is
what’s right for us, and the answer is we’ve thought of some things. We’re gonna think of many more things going
forward. Let me give you some examples
of what we are doing. So right now when
we do a photo shoot, we obviously – there’s the pictures we use in the
magazine.
There’s the other pictures we didn’t use in the magazine we
make available online, and now, increasingly, there’s the video of the
shoot. So for the Lonely Girl cover that
we have here, that we have in the current issue, there’s the photos we used in
the magazine on the cover, the extra photos on the sort of the photo foot book
online, and then you can see a video of the shoot. And for something like this, which is kind of
a celebrity – it’s kinda cool to be there on the set, it’s actually quite a
compelling thing. So that was easy. We were doing it anyway. We already had our people there.
Just take out a camcorder in the shoot and to take this sort
of – bring this new dimension to the experience and make it available online
was easy. Another thing that we’re doing
is when we have events, the old model for events would be that we would hire
some video crew to come and video the event and we would edit it, etc. The new model is you invite the participants
to video them. You have permission. Anyway can video it. Go for it. Go crazy. Bring your
camcorder. Bring your camera phones,
whatever.
We can then identify the ones that we like the best and then
we can – and it’ll all get uploaded, of course, to YouTube – and that we can
just link to the user generated videos that were created around our events that
are out there anyway. So in a sense
we’ve crowd sourced the work of recording our events and bringing them to a
broader audience. So those are two
examples. Other examples would be things
like where you have television show coming up, which is Wired Science gonna be
coming on PBS in February.
Clearly, that’s – now that we have a video side already as
part of what we – our editorial mission and our work, we have an opportunity to
bring video from that and video out – around and outside of that outtakes,
extra shots, etc., onto our site to bring this new sort of video dimension to –
out there anyway so in a sense –
[End of Audio]
Chris Anderson,
The Long Tail