2. Presentation Outline What is Podcasting? Technology Applications of Podcasting Major Players Podcasting SWOT Legal Issues Industry Forecast Proposal Revenue Models 2
3. Podcasting? “iPod” + “broadcasting”= Podcasting It is the method of distributing multimedia files, such as audio or video programs, over the Internet using syndication feeds like RSS, for playback on personal computers and mobile devices. Unlike streaming audio/video, which requires you to listen/watch in real time, podcasting lets you control how and when you hear your favorite shows. 3
4. How does it work? Podcast producers upload Podcast Episodes on websites & automatically be made available on your PC / Tablets/Portable devices. Podcatchers or Podcast readers are used to play these downloaded podcasts. 4
5. Create a Podcast? A computer with a High Speed Internet connection (DSL, Cable etc.) Equipment Designed to Record Audio & Video. Software to record, edit and save incoming AV as an MP3 File. An upload service that puts the recording up on a Website and disperse the Podcast to the Web. Eg. Alesis Podcasting Kit 5
9. Podcasting Applications Entertainment – Television commentary, Radio series, Sports News - Newspapers, Conference & meeting alerts Music - Replacement for live music audio streams Politics - In the U.S., both major political parties have various podcasts, as do numerous politicians Health Special interest – Specific communities 7
10. SWOT Analysis Strengths Podcasts can be delivered by RSS feeds, where you receive the updates automatically on your RSS syndicator as they are uploaded. No need to listen/watch in real time like live streaming Human voice promote active engagement, enables a deep engagement with material. Multi-tasking approach – listening/watching allows other tasks to be performed at the same time 8
11. Cont… Weaknesses No two-way interaction or audience participation. Users must have sufficient bandwidth to download Unfamiliarity with podcast, technical problems in publishing & subscribing podcast may act as barriers. Lack of necessary skills to make informed choices on how to incorporate podcast in innovative ways to exploit the technology. Poor podcast quality can refrain users. 9
12. Cont… Opportunities Publicity & Marketing. Increasing access to Internet on low costs. Quest for untraditional methods of media distribution. Threats Increased absences when lectures are available online as podcasts Delivery only through RSS feeds 10
13. Legal Issues Podcasts/Videoblogs are not regulated by the FCC This means that podcasters can speak about anything Still a good idea to avoid slander, threatening heads of state, inciting revolution against the government, threatening hate speech Podcasts/Videoblogsare regulated by the RIAA Always avoid commercial music without written permission Videoblogs can run into other issues Showing products/trademarks within video blogs will become an issue as it is in movies 11
15. Industry Forecasts eMarketer projects that by 2013 there will be 37.6 million people downloading podcasts on a monthly basis(22.4 million in 2010). As a percentage of Internet users, podcast downloaders will grow from 11% in 2010 to 17% in 2013. eMarketer forecasts that advertising spending will grow fivefold i.e. $400 million in the next five years ($3.1 mn in 2005,$80 mn in 2008 & $120 mn in 2010). 13
16. Proposal – ‘podFeed’ “podFeed will be a social podcasting community that will connect podcast producers, advertisers and content consumers. It will be a host to news, entertainment and educational programs in both audio and video format.” 14
17. Revenue Models Depending on the type of content and popularity of the content category, podFeed may use following revenue models: Advertising Model Free-mium Model Markup Model Production Model 15
21. For Media creators/Podcast producers Media Hosting Add their shows. Upload your audio / video. Make Money Create an account. Tell us about their show. Get invited to join ad campaigns. Revenue sharing Models. 17 Know Audience Accurate statistics. Easy to read reports. Detailed usage data.
22. For Advertisers Gain the ability to access new markets via hundreds of available content channels that reach a worldwide audience of nearly all demographics. A constant flow of new content provides opportunities to reach new markets. Flexibility to select only the podcast shows that fit the needs for specific purposes. 18
23. For Users Find, subscribe and share content. Feedback to content producers. 19
24. 20 Podcast Publishers Content Downloaded to PC/ Tablets/ Portable Media Players Content Posted on podFEED User Generated Podcasts User Plays Podcast with Podcatchers (readers) Website Ads Text/Audio/Video Ads
28. Description Offering a basic level of content to user for free, with more content-rich or feature-packed versions of the products available on a tiered pricing system. This basic level of content will contain advertisements. The “Paid by user” content will be free of any advertisements. 22
29. For Advertisers Can put ads in the basic version of content. Ideal for small advertisers who cant afford the advertisement rates of Advertisement model and yet want to advertise. 23
30. For Content Producers Revenue share in basic content as per guidelines of Advertisement model. Revenue share in “Paid by user” content. 24
31. For Content User Free basic content (Demo etc.). Could buy the content after testing the demo/ basic version of content. Video on demand, any video not on site could be requested. 25
33. Description Buying finished content from the content producer and using on podFeed under Advertisement or Freemium Model. One time payment to content producer eliminates scope for revenue sharing per usage. podFeed will have the sole rights on revenues generated. 27
34. For Content User & Advertisers Terms and conditions will depend on under what model does podFeed decides to keep the content. Advertisement & Free-mium models could be used depending on the content category. 28
36. Description podFeed will generate content depending on the demand and profitability. New markets could be explored where the user generated content is not prominent. Quality of content could be used as a differentiator. No role of Content producer in revenue as the content is owned by podFeed. 30
37. For Content User & Advertisers Terms and conditions will depend on under what model does podFeed decides to keep the content. Advertisement & Free-mium models could be used depending on the content category. 31
38. Thank You. Prepared as a course work for E-Commerce at Vinod Gupta School of Management, IIT Kharagpur 32
Editor's Notes
Evolved on the concepts of blogs hence often termed as audio/video blogging… but is misleading
Here you can syndicate your blog and website information through the use of RSS Feeds by sending your podcast rss feed to giant online podcast directories. The great thing is, once you have submitted your podcast, you need not ever go back to update these sites, because they will pull your updates from the rss stream making the updates seamless an automatic!