Categories
Uncategorized

RE: Marketing Albums in the Digital Age

The marketing blog of Kelsey Ingham has perfectly highlighted the struggles musical artists today are having with regards to engaging fans. No longer can artists, and their promoters build up promotions through print media, and network ads. The advancement of the internet, and the ability to share audio and video across multiple platforms has created a black market for the entertainment industry.

Facebook, Twitter, Instagram and other social media websites are used to create a vibe prior to the release of media, or productions. Reaching thousands or even millions or people, information can be sent instantly, and promotions can be launched across the world while reducing marketing costs.

As Kelsey notes, there have been many promotions that have failed to engage fans, and end up having virtually no effect. Promotions either are too time consuming, or ineffective in terms of creating a loyal following. Fans nowadays wait online for the release of an album instead of waiting outside their local CD store. Artists release single tracks, or previews albums, but the most popular submissions are cover photos of the albums.

The music industry may now be the most competitive for marketers. Fans and consumers must be enticed to purchase the album through Itunes or other platforms. Costing more than $1 per song, technologically savvy consumers would much rather illegally download their media, and this is the fight that the media industry has undertaken.

Categories
Uncategorized

17 Year Old Super Genius Raises 250 Million

At 15 Nick D’Alosio created a the company now known as Summly. Nick found a gap in online media, that forces customers to purchase articles based on the first few sentences of an article. Through a logarithm, the Summly app is able to intelligently summarize an entire article, highlighting all of the main points and issues, all fit to the size of a consumer’s device.

Now 17, Nick has raised 250 million in financing from billionaires such as Li Ka Shing and celebrities like Ashton Kutcher. As an entrepreneur, Nick has dedicated all of his time to this revolutionary technology. He has left school, and works full time with the company and its investors.

With the technology sector growing so fast, there are ample opportunities for young entrepreneurs like Nick to make a difference. Entrepreneurs that are as young as Nick are more in touch with the market and they are able to utilize developing technologies to create a new need. Similarly, Mark Zuckerberg a young Harvard student was able to create Facebook from an idea that developed after a night of drinking with friends. These Silicon Valley entrepreneurs are the future. The future of technology, and again the future of the market.

Categories
Uncategorized

Don’t Kick Them, They Aren’t Down!

Often there is a misconception about the relationship between the status and health of a particular company and its’ share price. Ryan Un in his blog recently noted that as Facebook’s share price has nearly halved since its IPO, the company’s revenue’s have also fallen. This could be farther from the truth. Investors had difficulty valuing Facebook, because simply another company of its size, and in this sector of the market does not exist.  P/E ratios and profit margins are difficult to compare with other technology companies such as Google and Apple, as they are entirely different.

Facebook’s marketing customers have re-evaluated the relationship, and company’s including General Motors dropped Facebook. General Motors has now come back to Facebook to negotiate a new deal. Since the IPO Facebook has actually increased revenue, and better positioned itself to grow in the future. A new mobile app platform has allowed Facebook to tap into mobile advertising revenue. As well, Facebook most recently launched a gift service that allows users to send items to others users. This service allows Facebook to compete with Amazon and others. Facebook does not need to recover, the company has only bettered itself internally since the IPO!

Spam prevention powered by Akismet