Consumer comfort with the input button is changing viewing forever
Itโs finally done. Without much in the way of fanfare, one of the TV industryโs most challenging obstacles has been cleared: consumers have mastered the art of accessing the wealth of content sitting behind the notorious โinput button.โ
According to recent streaming meter data from Nielsen, consumers in homes with over-the-top (OTT) capabilities spend one out of every 10 minutes of TV usage with OTT platforms or apps. Whether theyโre accessing this content through a variety of interfaces or one of many skinny bundles of local and national content, consumers are growing more accustomed to OTT as a primary โinput.โ
As all insiders know, this buttonโan often misunderstood piece of remote control real estateโunlocks a wide range of content for consumers with an array of devices. Historically, that content has fallen outside the scope of traditional audience measurement and monetization. Today, thatโs no longer the case. Nielsen has introduced new technologies over the past two years to better understand over-the-top media consumption and allow new ways to market to interested consumers.
So how do advertisers, content owners and broadcasters already well positioned in the linear TV environment take advantage of where audiences are growing? Luckily, there are some strategies to utilize this change for the better.
Go Where the Party Is
Local broadcasters have recognized the growth of OTT viewing, and many have taken aggressive steps to create their own apps and include their channel lineups in new skinny bundles offered by familiar and new names alike.
When YouTube TV is advertised on nearly every backstop and billboard during the World Series, consumers are going to notice. As a content provider, ensure you reach this audience, or others will fill the void.
Donโt box yourself into traditional advertising or content delivery paradigms
Through consumer adoption of smartphones, both advertisers and content providers learned you canโt maximize consumer engagement and marketing by simply repurposing the same product and ad models. OTT, like mobile, has the benefits of two-way data that drives precision in targeting and delivery. Advertisers can use OTT to go wide for broad branding campaigns and hypersegmented to motivate consumers to drive purchases.
For content providers, making different advertising options available combines the best of both worlds: the breadth of interest in high-quality content and improved outreach capabilities.
Track success and demonstrate value in OTT
Advertisers canโt assess the merits of OTT if viewing isnโt measured. According to Nielsen measurement, 11% of all viewing minutes in OTT-capable homes is going to these services, and the percentage is even higher among younger audiences. Teenagers ages 12-17 spend a quarter of their time on OTT-enabled TVs using streaming services, while young adults from 18-24 spend almost one in every five minutes with them.
Ensuring that all viewing and ad exposure can be verified by a trusted sourceโregardless of whether itโs distributed broadly or selectivelyโwill be the difference between โtoe in the waterโ investments and long-term success.
With OTT, long-term is key. Amazingly enough, OTT seems to be just getting started; low-cost smart TVs and OTT devices have flown off the shelves this year. As features and capabilities expandโand service providers diversify and expand their offeringsโthe players that find their footing through early trials and experimentation will prove themselves to be the winners.
This article originally appeared on AdWeek.
