16-24 Year Olds
    A Cake Perspective
Today
4 Key Areas:
1. Communication
Virtual Is Reality
Digital IS Where & How They Live Their Life

2. Lifestyle
Mix And Match Chic
The Death Of Tribes

3. Music
The Raconteurs
Story Telling, The New Social Currency Of The
UK’s Music Fans

4. Beliefs
Who Am I?
16-24 Year Olds Hope, Dreams & Fears
Virtual Is Reality
Digital IS Where & How They Live Their Life
“They consume more hours of media a week than
                                  they get sleep. They’re masters at multi-tasking,
                                    squeezing 31 hours of activity into one day.
                                26% of their time is spent on multiple media and as
                                  a result, they have got very good at filtering out
                                                  all the boring bits...



                                     Nearly half of 18 to 24-year-old social
                                   networkers (45%) said that, if they had 15
                                  minutes of spare time, they would choose to
                                 spend it on social networking sites, rather than
                                 watching TV, reading, talking on their mobile or
                                              playing video games



                                           The role of the internet in friendships
                                         continues to be very important, with 83%
                                               agreeing that it is important.


The Millennials
Sources: MediaLife 2006, Media Week, Youth Tech Tribe Report
Social Currency

With the millennial generation seeing online as a
natural part of their socialising with peers, social
         currency has migrated online

  Sites with interesting, ‘pass-on-able’ content
         become key destination sites
Self Expression


Rise of:

User generated content

Blogging

Wiki’s

Social Networking

Twittering
Social Networking (3.2m)




          Gaming (2.2m)                      Music (2.3m)           Retail therapy (1.9m)




                                     General entertainment (3.1m)




  Source: Comscore 2007 / TGI 2007




Where They Are
Summary - Virtual Is Reality


Have grown up in a speeded up world. They want it now


 Adopted the web for knowledge, communication and
        entertainment - everything in their life


Powerful group as they will spread information quickly
Mix And Match Chic
The Death Of Tribes
“Before the explosion of the internet,
information about street fashion was
much harder to find, and those who
sought it had to rely on trend
magazines, which sprang up in Japan
to cater to otaku—obsessives who
care about the precise type of rivet on
a particular year’s Levi’s or how many
eyelets are on a certain pair of Troop
sneakers.”
         Portfolio Magazine, October 2007
BAPE




The rise of blogs, broadband and digital cameras
have exposed this cult to a global mass market

Brands such as Bathing Ape have capitalised on
this

Widens out into the mainstream
Search volume for Bape
The influence of friends on purchases made
   is huge, with 91% saying that friends’
     recommendations have influence
               on what they buy

22% of 16-24 year olds said that, to earn their
 endorsement, brands should provide them
 with incentives, free downloads/content or
           feedback opportunities

 11% said social networks have made them
expect more from brands and content online

14% of respondents believed brands appear
  more friendly and creative on such sites
21% of 16-24-year-olds claim that they always go online while watching TV.




Source: New Media Age
85% read comics/magazines

              % of kids who read magazines
              Once a week: 23%
              Once every two-three weeks: 22%
              Once a month: 31%
              Less often: 24%

              77% reading magazine less than weekly

              Vs 70% visiting social networks every week




Source: TGI
“I never wanted to attach an identity to myself
                        because I am into so much different stuff”
                                                  Paul, 23, The Phoenix Report




          If you are over-slavishly following one particular subculture that
doesn’t look particularly impressive in terms of self expression which is really, really
                              important to young people
                Paul Hodkinson, Lecturer in Sociology and author of Youth Cultures: Scenes, Subcultures and Tribes




                Bands like the Klaxons link elements of electronic,
                 new wave music, disco, punk and indie and got a
                  generation of gig going kids into club culture
Summary - Mix And Match Chic


     Bathe in the now culture of instant gratification thanks
      to information and entertainment at their finger tips


      Everything they watch, buy or wear defines the world
             they live and who they are to their peers


Cruise different styles, cultures and references, taking what they
               like and filtering out what they don’t
The Raconteurs
Story Telling, The New Social Currency Of The UK’s Music Fans
Power Shift

“For years record companies have had their it all
their own way but that’s changing and we have
to change with it”
Ged Doherty, Head of Sony BMG

20 billion songs were illegally downloaded in
2005 alone
IFPI, Piracy Report 2006

64% have recommended artists to others
77% have discovered music they love on SN’s
EMR, 2007 Digital Music Survey

Nokia - Comes With Music
Madonna - $120m, 10 yr deal with Live Nation
Prince - Album give away with Mail
Radiohead - Pay what you want
Everyone Is An Expert



“The ownership of a huge and eclectic music
collection has become ordinary. Thanks to the
iPod, and digital music generally, anyone can
build a glorious 10,000-song collection”
www.rocknrollreport.com

Hype Machine - 700,000 unique users a month
Stereogum 400,000 unique users a month
www.trafficestimate.com

Top 100 selling albums in 90’s = 30% of sales,
today its closer to 5%
Wired, May 2006
Festival Fever
“It is total boom time for festivals. They are as
much a part of the summer now as Club 18-30”
Paul Stokes, editor of NME

240 festivals in 2006 a 20% increase from ‘04
Mintel, Music Concerts & Festivals 2006


Glastonbury 2000 - 100,000
Glastonbury 2008 - 180,000

European Market
- 65% rise in tickets sold to Brits at Benicassim
Your Music Entertainment, 2007

Challenges:
Saliency - vs competition
Relevance - of brand at that moment

“Its like all music fashions. Look at the superclubs
that were hugely popular 10 years ago. Now
they are completely gone”
Neil Greenway, founder of efestivals
Power of Experience
82% increase in number of gigs

35% increase in attendance
Mintel, Music Concerts & Festivals 2006

The Twang
- Sold out 2000 capacity Astoria before
releasing a single
- Sold out Brixton just 4 months after first
album release

70% attend for the atmosphere as much as
the music
Mintel, Music Concerts & Festivals 2006


“We talk more about music experiences than
music itself”
Mark, 24


“Glastonbury festival is about more than music.
There's theatre, cabaret and a huge outdoor
cinema screen... ”
Imogen Tilden, Guardian
Summary - The Raconteurs


       Power shifted from institutions to the punter


  An era of experience where people are becoming more
        discerning and adventurous but less tribal


The social currency of music is shifting from the track to the
                     overall experience
Who Am I?
16-24 Year Olds Hope, Dreams & Fears
          Qual groups held by Emotional Logic, 2007
Ambitions


“I want to be really really famous, I just want
to be really good at something”

“To be successful and original and have a fun life
doing what I enjoy for a living”

“I want to see everything, go everywhere, travel
the world, own a nice house with a big garden,
get a decently paid job that I enjoy”

90% of London teenagers want a job that helps
the environment
Department for Children, Schools and Families
Passions


“My friends, I’m nothing without them”

“I don’t really have a passion, my passion is
just to enjoy life”

“I love taking photographs, I love capturing
moments”

“Making music, playing music, hearing music”

“Travel, exploring new places, learning new
things, good food and drink, laughing with
friends, the great outdoors, driving fast, live
music”
When Do You Feel Great?




“Being praised after you have done something,
achieved something”

“Earning money after you have done a hard job”

“Being with friends and being able to do
anything, just being yourself”

“I like Xmas. Then everyone spends time with
each other and everyone gets presents”
Fears



“That I’m not going to be able to get a good
job”

“That I’m not going to accomplish anything
before I die”

“Global warming, I just feel so helpless, to be
honest I just ignore it now”

“Growing old and regretting not having done all
the things I wanted to do”
What Would You Change?


“Less stress. Remove all stressful things (like)
school. Nice easy life, just lie down all day”

“No laws. You can do what you want”

“Being able to express yourself more. Not having
to hide who you really are. Like a job interview or
something, you have pretend to be someone
other than who you are...because people don’t
like other people they want robots”

“You have to be quite plain to get on. A lot of
people don’t get on with each other and it gets
quite stressful. So you have to work around that”
Currency Of Cool


They care less about salaries, and more
about flexible working, time to travel and a
better work-life balance.
The Observer



‘What people yearn for these days is no longer
an old-fashioned ‘status’ job, like being a Doctor.
The ‘cool job’ has become the holy grail of the
modern economy’


‘It is best to think of cool as the central status
hierarchy in contemporary urban society. And like
traditional forms of status such as class, cool is
an intrinsically positional good. ’
Rebel Sell, J. Heath
Summary - Who Am I?

Crave personal recognition and the trappings of status
                    and success

Happiness is their holy grail and money, work, education
      and experience are perceived to deliver it


Anything that they do not have control over worries them
        particularly failure to achieve their goals
Adopted the web for knowledge, communication and entertainment
                     - everything in their life

          Cruise different cultures and references, taking
          what they like and filtering out what they don’t

  Led to an era of experience where people are becoming more
            discerning and adventurous but less tribal

     Without defined groups to belong to they crave personal
           recognition and the trappings of success

Anything that they do not have control over worries them particularly
                    failure to achieve their goals
Conclusions For V
Vital you have a online presence in places relevant to audience
Need to create opportunities for interaction,
  entertainment and deeper engagement
Youth are not a homogenous group or numerous tribes,
       they are a mish-mash of reference points
What does V say about me? You give them
       something to be proud of
Music is about experiences - create badges of
        honour that people talk about
Help them answer their social concerns, their way
16 24 Year Olds Online - Cake

16 24 Year Olds Online - Cake

  • 1.
    16-24 Year Olds A Cake Perspective
  • 2.
    Today 4 Key Areas: 1.Communication Virtual Is Reality Digital IS Where & How They Live Their Life 2. Lifestyle Mix And Match Chic The Death Of Tribes 3. Music The Raconteurs Story Telling, The New Social Currency Of The UK’s Music Fans 4. Beliefs Who Am I? 16-24 Year Olds Hope, Dreams & Fears
  • 3.
    Virtual Is Reality DigitalIS Where & How They Live Their Life
  • 4.
    “They consume morehours of media a week than they get sleep. They’re masters at multi-tasking, squeezing 31 hours of activity into one day. 26% of their time is spent on multiple media and as a result, they have got very good at filtering out all the boring bits... Nearly half of 18 to 24-year-old social networkers (45%) said that, if they had 15 minutes of spare time, they would choose to spend it on social networking sites, rather than watching TV, reading, talking on their mobile or playing video games The role of the internet in friendships continues to be very important, with 83% agreeing that it is important. The Millennials Sources: MediaLife 2006, Media Week, Youth Tech Tribe Report
  • 5.
    Social Currency With themillennial generation seeing online as a natural part of their socialising with peers, social currency has migrated online Sites with interesting, ‘pass-on-able’ content become key destination sites
  • 6.
    Self Expression Rise of: Usergenerated content Blogging Wiki’s Social Networking Twittering
  • 8.
    Social Networking (3.2m) Gaming (2.2m) Music (2.3m) Retail therapy (1.9m) General entertainment (3.1m) Source: Comscore 2007 / TGI 2007 Where They Are
  • 9.
    Summary - VirtualIs Reality Have grown up in a speeded up world. They want it now Adopted the web for knowledge, communication and entertainment - everything in their life Powerful group as they will spread information quickly
  • 10.
    Mix And MatchChic The Death Of Tribes
  • 11.
    “Before the explosionof the internet, information about street fashion was much harder to find, and those who sought it had to rely on trend magazines, which sprang up in Japan to cater to otaku—obsessives who care about the precise type of rivet on a particular year’s Levi’s or how many eyelets are on a certain pair of Troop sneakers.” Portfolio Magazine, October 2007
  • 12.
    BAPE The rise ofblogs, broadband and digital cameras have exposed this cult to a global mass market Brands such as Bathing Ape have capitalised on this Widens out into the mainstream
  • 13.
  • 14.
    The influence offriends on purchases made is huge, with 91% saying that friends’ recommendations have influence on what they buy 22% of 16-24 year olds said that, to earn their endorsement, brands should provide them with incentives, free downloads/content or feedback opportunities 11% said social networks have made them expect more from brands and content online 14% of respondents believed brands appear more friendly and creative on such sites
  • 16.
    21% of 16-24-year-oldsclaim that they always go online while watching TV. Source: New Media Age
  • 17.
    85% read comics/magazines % of kids who read magazines Once a week: 23% Once every two-three weeks: 22% Once a month: 31% Less often: 24% 77% reading magazine less than weekly Vs 70% visiting social networks every week Source: TGI
  • 18.
    “I never wantedto attach an identity to myself because I am into so much different stuff” Paul, 23, The Phoenix Report If you are over-slavishly following one particular subculture that doesn’t look particularly impressive in terms of self expression which is really, really important to young people Paul Hodkinson, Lecturer in Sociology and author of Youth Cultures: Scenes, Subcultures and Tribes Bands like the Klaxons link elements of electronic, new wave music, disco, punk and indie and got a generation of gig going kids into club culture
  • 19.
    Summary - MixAnd Match Chic Bathe in the now culture of instant gratification thanks to information and entertainment at their finger tips Everything they watch, buy or wear defines the world they live and who they are to their peers Cruise different styles, cultures and references, taking what they like and filtering out what they don’t
  • 20.
    The Raconteurs Story Telling,The New Social Currency Of The UK’s Music Fans
  • 21.
    Power Shift “For yearsrecord companies have had their it all their own way but that’s changing and we have to change with it” Ged Doherty, Head of Sony BMG 20 billion songs were illegally downloaded in 2005 alone IFPI, Piracy Report 2006 64% have recommended artists to others 77% have discovered music they love on SN’s EMR, 2007 Digital Music Survey Nokia - Comes With Music Madonna - $120m, 10 yr deal with Live Nation Prince - Album give away with Mail Radiohead - Pay what you want
  • 22.
    Everyone Is AnExpert “The ownership of a huge and eclectic music collection has become ordinary. Thanks to the iPod, and digital music generally, anyone can build a glorious 10,000-song collection” www.rocknrollreport.com Hype Machine - 700,000 unique users a month Stereogum 400,000 unique users a month www.trafficestimate.com Top 100 selling albums in 90’s = 30% of sales, today its closer to 5% Wired, May 2006
  • 23.
    Festival Fever “It istotal boom time for festivals. They are as much a part of the summer now as Club 18-30” Paul Stokes, editor of NME 240 festivals in 2006 a 20% increase from ‘04 Mintel, Music Concerts & Festivals 2006 Glastonbury 2000 - 100,000 Glastonbury 2008 - 180,000 European Market - 65% rise in tickets sold to Brits at Benicassim Your Music Entertainment, 2007 Challenges: Saliency - vs competition Relevance - of brand at that moment “Its like all music fashions. Look at the superclubs that were hugely popular 10 years ago. Now they are completely gone” Neil Greenway, founder of efestivals
  • 24.
    Power of Experience 82%increase in number of gigs 35% increase in attendance Mintel, Music Concerts & Festivals 2006 The Twang - Sold out 2000 capacity Astoria before releasing a single - Sold out Brixton just 4 months after first album release 70% attend for the atmosphere as much as the music Mintel, Music Concerts & Festivals 2006 “We talk more about music experiences than music itself” Mark, 24 “Glastonbury festival is about more than music. There's theatre, cabaret and a huge outdoor cinema screen... ” Imogen Tilden, Guardian
  • 25.
    Summary - TheRaconteurs Power shifted from institutions to the punter An era of experience where people are becoming more discerning and adventurous but less tribal The social currency of music is shifting from the track to the overall experience
  • 26.
    Who Am I? 16-24Year Olds Hope, Dreams & Fears Qual groups held by Emotional Logic, 2007
  • 27.
    Ambitions “I want tobe really really famous, I just want to be really good at something” “To be successful and original and have a fun life doing what I enjoy for a living” “I want to see everything, go everywhere, travel the world, own a nice house with a big garden, get a decently paid job that I enjoy” 90% of London teenagers want a job that helps the environment Department for Children, Schools and Families
  • 28.
    Passions “My friends, I’mnothing without them” “I don’t really have a passion, my passion is just to enjoy life” “I love taking photographs, I love capturing moments” “Making music, playing music, hearing music” “Travel, exploring new places, learning new things, good food and drink, laughing with friends, the great outdoors, driving fast, live music”
  • 29.
    When Do YouFeel Great? “Being praised after you have done something, achieved something” “Earning money after you have done a hard job” “Being with friends and being able to do anything, just being yourself” “I like Xmas. Then everyone spends time with each other and everyone gets presents”
  • 30.
    Fears “That I’m notgoing to be able to get a good job” “That I’m not going to accomplish anything before I die” “Global warming, I just feel so helpless, to be honest I just ignore it now” “Growing old and regretting not having done all the things I wanted to do”
  • 31.
    What Would YouChange? “Less stress. Remove all stressful things (like) school. Nice easy life, just lie down all day” “No laws. You can do what you want” “Being able to express yourself more. Not having to hide who you really are. Like a job interview or something, you have pretend to be someone other than who you are...because people don’t like other people they want robots” “You have to be quite plain to get on. A lot of people don’t get on with each other and it gets quite stressful. So you have to work around that”
  • 32.
    Currency Of Cool Theycare less about salaries, and more about flexible working, time to travel and a better work-life balance. The Observer ‘What people yearn for these days is no longer an old-fashioned ‘status’ job, like being a Doctor. The ‘cool job’ has become the holy grail of the modern economy’ ‘It is best to think of cool as the central status hierarchy in contemporary urban society. And like traditional forms of status such as class, cool is an intrinsically positional good. ’ Rebel Sell, J. Heath
  • 33.
    Summary - WhoAm I? Crave personal recognition and the trappings of status and success Happiness is their holy grail and money, work, education and experience are perceived to deliver it Anything that they do not have control over worries them particularly failure to achieve their goals
  • 34.
    Adopted the webfor knowledge, communication and entertainment - everything in their life Cruise different cultures and references, taking what they like and filtering out what they don’t Led to an era of experience where people are becoming more discerning and adventurous but less tribal Without defined groups to belong to they crave personal recognition and the trappings of success Anything that they do not have control over worries them particularly failure to achieve their goals
  • 35.
  • 36.
    Vital you havea online presence in places relevant to audience
  • 37.
    Need to createopportunities for interaction, entertainment and deeper engagement
  • 38.
    Youth are nota homogenous group or numerous tribes, they are a mish-mash of reference points
  • 39.
    What does Vsay about me? You give them something to be proud of
  • 40.
    Music is aboutexperiences - create badges of honour that people talk about
  • 41.
    Help them answertheir social concerns, their way