If newspapers don’t rise to the challenge of expanding their video capabilities, other media sectors undoubtedly will, and in fact are already doing so. In a recent interview with Beet.TV, Paul Slavin, digital chief at ABC News, declared that the audience hunger for online video seems insatiable.
There’s been a “real explosion in consumption” that is “almost outstripping” ABC’s ability to produce enough of it, he said, adding that an “almost limitless demand” for the news organization’s video is occurring across all digital platforms, including tablets and smart phones. “More people are consuming news and information in larger numbers than I think we’ve ever seen before.”
But the evidence suggests that the newspaper industry, which appears to have been sleepwalking through much of the media’s digital metamorphosis, is starting to wake up. “The threat of oblivion should be a powerful motivator, and we now see—finally—after a decade of decline, its specter moving us away from incremental, ‘experimental’ tests to a fundamental restructuring of the business of news,” says Newsonomics author Ken Doctor.
Many newspaper organizations appear to be coming to a similar conclusion about the vital importance of video. That assessment comes from Brightcove, the provider of on-demand software that more than 2,500 media companies and marketers use to publish and distribute video on a wide swath of digital platforms. Brightcove’s survey of its media industry clients early this year found that newspapers have “fully embraced” video reporting:
“Continuing a trend from Q3, Q4 saw a massive increase in titles uploaded for newspapers, with quarter over quarter growth of 147%. With 1.2 million titles uploaded in the quarter, newspapers uploaded more than four times as many titles as the next highest category, which was online media. This dramatic increase for a second consecutive quarter suggests that newspapers have fully embraced video production and licensing to offer multimedia news coverage to audiences. We have heard from many newspaper customers that they are having great success selling pre-roll advertising against news video content, and this massive increase in the number of videos suggests that newspapers are attempting to dramatically increase inventory in light of this strong demand.”