Managing Television Advertising Production Costs
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Television continues to be a cornerstone of advertising production, although the application of these productions are being used across increasingly more channels than ever before including: online, mobile, point of sale as well as broadcast and subscription television. But what are the best ways for advertisers to ensure they are maximising the value and managing the costs of these productions? The anger is that simply reducing the budget or cost means lower quality productions that are less effective in engaging the audience. But likewise over investing in production is simply wasteful. It is also important that beyond the initial investment, advertisers identify ways to leverage the value within these assets. This is often overlooked with most television assets discarded as a consumable item. But the online environment means that many of these productions have value beyond the initial media flight. Think Facebook timelines and YouTube channels, where this content exists. This presentation provides an overview of the television advertising production process and highlights areas of opportunities for managing costs and maximising value. It also provides a summary of the main approaches to achieve this cost and value approach.
I have also included scenes from the excellent film "Truth in Advertising" a Tim Hamilton Film by Axion Productions (c) 2001 to highlight the process. You can find out more about this funny view of advertising here. http://www.imdb.com/title/tt0283648/
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