Hot Topics, Cool Media: At Digital Hollywood
October 19, 2010
Digital Hollywood, considered the premier entertainment and technology conference in the U.S., is blowing media minds this week in Santa Monica. PCA’s The Hot Sheet attended several hot panels, including one discussing “Advertising Accountability.” Speakers representing today’s biggest electronic advertising platforms – online banner ads, social media, “linear TV” (including cable and satellite), radio (and digital radio), online games – pondered the business conundrum: How does one best measure digital media advertising? Among the insights and questions:
- Social media offers the cheapest advertising, but is the toughest to quantify. Its bloggers and commenters are highly influential in their “pull” to consumers. Social media is also the most “disruptive” to other media because it is least susceptible to control.
- Behavioral targeting media – banner ads that zero-in on people’s online activity – can generate a consumer backlash. For example, someone searching for cancer cures online may not want to be served ads that remind them of their cancer.
- There is value in “social currency.” What customers are saying about a product or service online, even if negative, holds potential power. Therefore, boost your customer-service and integrate it into Facebook and Twitter.
- What is worth more: a blog post or a banner ad? Consistent metrics remain elusive.
- There is no substitute for good “creative.” Compelling advertising is good in any medium. But agencies will always feel the tension between research, account and creative departments.
- The digital divide: Most ad dollars still go to traditional, “linear” media. But a tipping point is coming, when younger, more tech-friendly demographics will dominate audiences. When that happens digital spending will zoom up.
Speakers included William A. Lederer, Kantar Video; Eric Forst, Visible Technologies; Mark Yesayian, MEC Interaction; Charlie Rahilly, Clear Channel Radio; Craig Mcdonald, Covario; Scott Ferris, Microsoft Advertising; Kenneth Papagan, Rentrak Corporation; Patrick Hayes, GSMG Global.


