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Keynote for InnoTech | Portland, OR 

                          Presented	
  by	
  Gunther	
  Sonnenfeld	
  
                              	
   	
  05.06.2010	
  




-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐	
  
Companies no longer own brands. People do.
  
  
People have become media.
  
  
   
Brands have become publishers.
  
  
   
   
Agencies have become curators.
   
   
   
   
   
Media companies are the   facilitators.
Our relationship to media.
©	
  Gunther	
  Sonnenfeld	
  &	
  Adam	
  Goldberg	
  2009	
  
The >>>PULL market is
creating new service layer

BUNDLING in which
publishers, networks and
content portals are being forced
into T-R-A-N-S-I-T-I-O-N as
consolidated yet unacquainted
entities, who retain different
or conflicting agendas and most
often operate against the tide of
INVENTORY and

DEMAND.
©	
  Gunther	
  Sonnenfeld	
  &	
  Adam	
  Goldberg	
  2009	
  
Our relationship to content.
“It’s not
information
overload (we
suffer from),
it’s filter
failure.”

- Clay Shirky
Let’s be perfectly clear about one thing:
  
Media isn’t fragmented. Content is.




                                  Source:	
  Columbia	
  University,	
  School	
  of	
  Media	
  Studies	
  
Source:	
  Columbia	
  University,	
  School	
  of	
  Media	
  Studies	
  
Why we “brand” content.
“An	
  interes*ng	
  
problem	
  (we	
  face)	
  
—	
  some	
  marketers	
  
aren’t	
  interested	
  in	
  
storytelling.	
  Most	
  
storytellers	
  aren’t	
  
interested	
  in	
  
marke*ng.”	
  	
  

-­‐	
  Ivan	
  Askwith,	
  
Director	
  of	
  Strategy,	
  
Big	
  Spaceship	
  
Yet storytelling is
the very fiber of
why we exist.
And further, why
we make purchases.

Stories give us
something to
believe in, before
and after a
purchase is made.

Or, when we simply
can’t.
Our relationship to technology.
PEOPLE are loyal to INFORMATION,
not places or_ destinations.
ADAPTATION:

                                        The ongoing effort to move with
                                        markets & behaviors.

                                        Adaptive technologies not only have the
                                        ability to harvest users, but empower
                                        their consumptive & shareable
                                        behaviors, as well as bridge the gaps
                                        between the two.

                                        Adaptive platforms look beyond
                                        designations such as “2.0” and “3.0”,
                                        and focus on cultural value, as well as
                                        earned media.

DISRUPTION:

The often successful attempt to grab
A-T-T-E-N-T-I-O-N.

Disruptive technologies have the
ability to harvest users, but many
times lack the ability to keep them
engaged.

Part of that is a human issue. The
other part is the need to bundle paid
media and follow inventory demand
[or the lack thereof].
The Great Technology Paradigm…




                            ©	
  Gunther	
  Sonnenfeld	
  2009	
  
Our relationship to each other.
This all tells us that, clearly,
 
we need to change behavior,
not just drive it.
But first, we must get real
about what our data tells us.
So, (for example),
we know that
online video ad
spends are on the
rise…
We also know that
video is a better
way to activate
purchase intent…
However, most of
this content is
created by labels,
studios and
publishers.
And guess what? Search has become a social practice. It’s
literally converging. Which means that all this “Hi-Fi” content on
    
   
   
  
   
   
  
  
offer has less and less value.
$	
     .00	
  
          The average CPM on
          YouTube. Two years
          ago, it was as high as
          $15 to $20 per.

          What does this tell us?
PEOPLE are more valuable than INVENTORY.
 
 
Just as the tagline suggests.
 
 
 
 





                       How ironic.
The



                         ...

           … is older than you think, AND…
  … doesn’t care where content comes from.
  … doesn’t want to be told where to consume it.
  … doesn’t need to know why it matters.
The larger takeaway is that
               media can no longer determine
 PAID	
        its own value. But we can.

               [GAP]	
  



EARNED	
                         VALUE	
  CREATION	
  


               [GAP]	
  



OWNED	
  

             (It’s all about bridging the gaps…)
The importance of storytelling.
Mindshift:
great content is
borne out of
platforms and
experiences,
not just
campaigns or
ad-like objects.
IDEAS	
  and	
  messages,	
  like	
  
content,	
  can	
  come	
  from	
  
ANYWHERE.	
  The	
  key	
  
to	
  their	
  
ADOPTION	
  is	
  in	
  
WHAT	
  THEY	
  actually	
  DO,	
  
or,	
  what	
  they	
  SUGGEST	
  
they	
  can	
  do,	
  rather	
  than	
  
just	
  what	
  they	
  SAY.	
  	
  
By productizing stories. (as
opposed to just creating stories
out of, or for, products).
Mindshare: captures the imagination of
consumers as people and members of
culture; media then adapts or assimilates
to their behaviors, passions and desires.
‘STORYMAKING’ VERSUS
    ‘STORYTELLING’ 

STORYMAKING             STORYTELLING INVOLVES
INVOLVES THE            THE INTERPRETATION OF
ACTIVATION OF LEGACY,   THAT LEGACY WITHIN THE
AND THE BIRTH OF AN     CONTEXT OF EXPERIENCE.
IDEA.
WHAT

TRANSMEDIA
IS AND   CAN BE…!
“Transmedia	
  stories	
  are	
  those	
  
which	
  ‘unfold	
  across	
  mul*ple	
  
media	
  plaRorms	
  with	
  each	
  
new	
  text	
  making	
  a	
  dis*nc*ve	
  
and	
  valuable	
  contribu*on	
  to	
  
the	
  whole.’”	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
-­‐Henry	
  Jenkins,	
  Father	
  of	
  
Transmedia,	
  Director	
  of	
  the	
  MIT	
  
ComparaMve	
  Studies	
  Program	
  



 "There	
  are	
  short	
  stories	
  and	
  
 mul*-­‐volume	
  epics;	
  transmedia	
  
 narra*ve	
  is	
  a	
  way	
  of	
  conveying	
  
 messages,	
  themes,	
  and	
  stories	
  -­‐-­‐	
  
 a	
  tool	
  or	
  methodology	
  if	
  you	
  will.	
  
 We	
  try	
  to	
  dis*nguish	
  transmedia	
  
 narra*ve	
  implementa*on	
  from	
  
 standard	
  terminology	
  such	
  as	
  
 adver*sing	
  campaigns,	
  although	
  
 the	
  two	
  can	
  co-­‐exist	
  or	
  overlap."	
  
 	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
 -­‐	
  Jeff	
  Gomez,	
  Transmedia	
  Pioneer,	
  
 CEO	
  of	
  Starlight	
  Runner	
  
 Entertainment	
  	
  
INTEGRATED MEDIA VERSUS TRANSMEDIA


INTEGRATED	
  (linear)	
  
                                                              <	
  campaign/promoMon	
  >	
  



                                                                          channel	
  



TRANSMEDIA	
  (non-­‐linear)	
  


campaign/promoMon	
  	
     campaign/promoMon	
  	
     campaign/promoMon	
  	
     campaign/promoMon	
  	
     campaign/promoMon	
  	
     campaign/promoMon	
  	
  


                                                                          narra*ve	
  
REDEFINING THE   PLANNING "
 "   PROCESS!
©	
  Gunther	
  Sonnenfeld	
  2009	
  
©	
  Gunther	
  Sonnenfeld	
  2009	
  
What	
  if	
  we	
  
no	
  longer	
  had	
  to	
  
look	
  at	
  media	
  
ini*a*ves	
  as	
  
separate	
  from	
  
BUSINESS	
  
SOLUTIONS?	
  Or	
  
be[er	
  yet,	
  separate	
  
from	
  NEW	
  
BUSINESSES?	
  
©	
  Gunther	
  Sonnenfeld	
  2009	
  
A new breed of storymaker &
content curator .
The new power of the individual
 
 
(via one’s social graph).
In case you didn’t get
the memo, PEOPLE
now have the ability
to create their own
MESSAGES.

(Fathom that…)
Value co-creation.
Clearly, good
content just isn’t
good enough
anymore.




**This	
  secMon	
  co-­‐created	
  with	
  ScoU	
  Walker,	
  
Principle	
  of	
  Brain	
  Candy,	
  LLC**	
  
Copyright is an artificial boundary
        between creator and consumer.



                                  Creators	
  

Creators	
  /	
  Consumers	
  
                                 Copyright	
  

                                 Consumers	
  
PRODUSAGE MODEL


                   (Passive)
                                 Consumption

                    (Active)
                                            Usage

                  (Creative)	
                                   Produsage

    Produsage:	
  “the	
  collaboraMve	
  and	
  conMnuous	
  building	
  and	
  extending	
  of	
  
    exisMng	
  content	
  in	
  pursuit	
  of	
  further	
  improvement.”	
  


Alex	
  Bruns	
  
author,	
  researcher	
  
(Blogs,	
  Wikipedia,	
  Second	
  Life	
  and	
  Beyond,	
  2008)	
  
CO-CREATING VALUE

   Value creation comes from personalized
   experiences, not products or product-based
   transactions.

        o  The individual consumer is at the heart of the
         experience
        o  Companies can no longer control/own all of
         the resources necessary to provide
         personalized experiences

C.K.	
  Prahalad	
  and	
  M.S.	
  Krishnan	
  
The	
  New	
  Age	
  of	
  InnovaMon,	
  2008	
  
“Customers	
  play	
  an	
  acMve	
  role	
  in	
  co-­‐creaMng	
  value.”	
  	
  

                         Better
                                               Awesome




                                                                              C.K.	
  Prahalad	
  and	
  M.S.	
  Krishnan	
  
                                                                                            The	
  New	
  Age	
  of	
  InnovaMon,	
  2008	
  
TRADITIONAL vs. COLLABORATIVE ENTERTAINMENT

     Traditional Model
      o  Serial
      o  Monologue
      o  Product-based
                             Creator	
            Content	
            Consumer	
  
      o  Passive

                                                Experiences	
  
     Collaborative Model
      o  Parallel
      o  Dialogue
                             Co-­‐Creator	
         Co-­‐Creator	
  
      o  Experience-based
      o  Active
                                                  Co-­‐Creator	
  
                                        Co-­‐Creator	
  
Collaborative entertainment is more than just
interacting with content.
It’s remixing content, creating new experiences,
and sharing them with others.
Then baking the commerce elements into a
social context.


 Engagement	
     InteracMon	
     ParMcipaMon	
   CollaboraMon	
   ContribuMon	
  



   Value	
  ConsumpMon	
                        Value	
  Co-­‐CreaMon	
  
Source:	
  Tony	
  Deifell’s	
  “ The	
  Big	
  Thaw”	
  
Socializing commerce.
Great experiences obviate the intent to purchase.
  
Purchasing product is a state of mind.
  
 
Purchases happen through sharing, NOT selling.
A recent social experiment…
  (storymaking development)
EXPERIENCE	
  
       story	
                      story	
  



SERVICE	
             CAUSE	
              PRODUCT	
  



       story	
                      story	
  

                    CONTENT	
  
1.    Contextualize
2.    Narrate
3.    Productize
4.    Deliver
hp://www.youtube.com/watch?v=Tmf0ugQrDFk	
  	
  
UBIQUID.US
“Content isn’t king,
it’s now a Republic.”
  - Faris Yakob, Chief Innovation
Officer, MDC Partners
THANK YOU FOR

PARTICIPATING.
      (let’s make this happen…)

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  • 1. Keynote for InnoTech | Portland, OR Presented  by  Gunther  Sonnenfeld      05.06.2010   -­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐-­‐  
  • 2.
  • 3.
  • 4. Companies no longer own brands. People do. People have become media. Brands have become publishers. Agencies have become curators. Media companies are the facilitators.
  • 6.
  • 7. ©  Gunther  Sonnenfeld  &  Adam  Goldberg  2009  
  • 8. The >>>PULL market is creating new service layer BUNDLING in which publishers, networks and content portals are being forced into T-R-A-N-S-I-T-I-O-N as consolidated yet unacquainted entities, who retain different or conflicting agendas and most often operate against the tide of INVENTORY and DEMAND.
  • 9. ©  Gunther  Sonnenfeld  &  Adam  Goldberg  2009  
  • 11. “It’s not information overload (we suffer from), it’s filter failure.” - Clay Shirky
  • 12. Let’s be perfectly clear about one thing: Media isn’t fragmented. Content is. Source:  Columbia  University,  School  of  Media  Studies  
  • 13. Source:  Columbia  University,  School  of  Media  Studies  
  • 14.
  • 15. Why we “brand” content.
  • 16.
  • 17.
  • 18. “An  interes*ng   problem  (we  face)   —  some  marketers   aren’t  interested  in   storytelling.  Most   storytellers  aren’t   interested  in   marke*ng.”     -­‐  Ivan  Askwith,   Director  of  Strategy,   Big  Spaceship  
  • 19. Yet storytelling is the very fiber of why we exist. And further, why we make purchases. Stories give us something to believe in, before and after a purchase is made. Or, when we simply can’t.
  • 20. Our relationship to technology.
  • 21. PEOPLE are loyal to INFORMATION, not places or_ destinations.
  • 22. ADAPTATION: The ongoing effort to move with markets & behaviors. Adaptive technologies not only have the ability to harvest users, but empower their consumptive & shareable behaviors, as well as bridge the gaps between the two. Adaptive platforms look beyond designations such as “2.0” and “3.0”, and focus on cultural value, as well as earned media. DISRUPTION: The often successful attempt to grab A-T-T-E-N-T-I-O-N. Disruptive technologies have the ability to harvest users, but many times lack the ability to keep them engaged. Part of that is a human issue. The other part is the need to bundle paid media and follow inventory demand [or the lack thereof].
  • 23. The Great Technology Paradigm… ©  Gunther  Sonnenfeld  2009  
  • 24. Our relationship to each other.
  • 25.
  • 26.
  • 27.
  • 28. This all tells us that, clearly, we need to change behavior, not just drive it.
  • 29. But first, we must get real about what our data tells us.
  • 30.
  • 31. So, (for example), we know that online video ad spends are on the rise…
  • 32. We also know that video is a better way to activate purchase intent…
  • 33. However, most of this content is created by labels, studios and publishers.
  • 34. And guess what? Search has become a social practice. It’s literally converging. Which means that all this “Hi-Fi” content on offer has less and less value.
  • 35. $   .00   The average CPM on YouTube. Two years ago, it was as high as $15 to $20 per. What does this tell us?
  • 36. PEOPLE are more valuable than INVENTORY. Just as the tagline suggests. How ironic.
  • 37. The ... … is older than you think, AND… … doesn’t care where content comes from. … doesn’t want to be told where to consume it. … doesn’t need to know why it matters.
  • 38. The larger takeaway is that media can no longer determine PAID   its own value. But we can. [GAP]   EARNED   VALUE  CREATION   [GAP]   OWNED   (It’s all about bridging the gaps…)
  • 39. The importance of storytelling.
  • 40. Mindshift: great content is borne out of platforms and experiences, not just campaigns or ad-like objects.
  • 41.
  • 42. IDEAS  and  messages,  like   content,  can  come  from   ANYWHERE.  The  key   to  their   ADOPTION  is  in   WHAT  THEY  actually  DO,   or,  what  they  SUGGEST   they  can  do,  rather  than   just  what  they  SAY.    
  • 43. By productizing stories. (as opposed to just creating stories out of, or for, products).
  • 44. Mindshare: captures the imagination of consumers as people and members of culture; media then adapts or assimilates to their behaviors, passions and desires.
  • 45. ‘STORYMAKING’ VERSUS ‘STORYTELLING’ STORYMAKING STORYTELLING INVOLVES INVOLVES THE THE INTERPRETATION OF ACTIVATION OF LEGACY, THAT LEGACY WITHIN THE AND THE BIRTH OF AN CONTEXT OF EXPERIENCE. IDEA.
  • 46.
  • 48. “Transmedia  stories  are  those   which  ‘unfold  across  mul*ple   media  plaRorms  with  each   new  text  making  a  dis*nc*ve   and  valuable  contribu*on  to   the  whole.’”                                                                                                                       -­‐Henry  Jenkins,  Father  of   Transmedia,  Director  of  the  MIT   ComparaMve  Studies  Program   "There  are  short  stories  and   mul*-­‐volume  epics;  transmedia   narra*ve  is  a  way  of  conveying   messages,  themes,  and  stories  -­‐-­‐   a  tool  or  methodology  if  you  will.   We  try  to  dis*nguish  transmedia   narra*ve  implementa*on  from   standard  terminology  such  as   adver*sing  campaigns,  although   the  two  can  co-­‐exist  or  overlap."                                                                                                                                 -­‐  Jeff  Gomez,  Transmedia  Pioneer,   CEO  of  Starlight  Runner   Entertainment    
  • 49.
  • 50.
  • 51.
  • 52.
  • 53. INTEGRATED MEDIA VERSUS TRANSMEDIA INTEGRATED  (linear)   <  campaign/promoMon  >   channel   TRANSMEDIA  (non-­‐linear)   campaign/promoMon     campaign/promoMon     campaign/promoMon     campaign/promoMon     campaign/promoMon     campaign/promoMon     narra*ve  
  • 54. REDEFINING THE PLANNING " " PROCESS!
  • 57.
  • 58. What  if  we   no  longer  had  to   look  at  media   ini*a*ves  as   separate  from   BUSINESS   SOLUTIONS?  Or   be[er  yet,  separate   from  NEW   BUSINESSES?  
  • 60. A new breed of storymaker & content curator .
  • 61.
  • 62.
  • 63.
  • 64.
  • 65.
  • 66. The new power of the individual (via one’s social graph).
  • 67.
  • 68. In case you didn’t get the memo, PEOPLE now have the ability to create their own MESSAGES. (Fathom that…)
  • 69.
  • 70.
  • 71.
  • 73. Clearly, good content just isn’t good enough anymore. **This  secMon  co-­‐created  with  ScoU  Walker,   Principle  of  Brain  Candy,  LLC**  
  • 74. Copyright is an artificial boundary between creator and consumer. Creators   Creators  /  Consumers   Copyright   Consumers  
  • 75. PRODUSAGE MODEL (Passive) Consumption (Active) Usage (Creative)   Produsage Produsage:  “the  collaboraMve  and  conMnuous  building  and  extending  of   exisMng  content  in  pursuit  of  further  improvement.”   Alex  Bruns   author,  researcher   (Blogs,  Wikipedia,  Second  Life  and  Beyond,  2008)  
  • 76. CO-CREATING VALUE Value creation comes from personalized experiences, not products or product-based transactions. o  The individual consumer is at the heart of the experience o  Companies can no longer control/own all of the resources necessary to provide personalized experiences C.K.  Prahalad  and  M.S.  Krishnan   The  New  Age  of  InnovaMon,  2008  
  • 77. “Customers  play  an  acMve  role  in  co-­‐creaMng  value.”     Better Awesome C.K.  Prahalad  and  M.S.  Krishnan   The  New  Age  of  InnovaMon,  2008  
  • 78. TRADITIONAL vs. COLLABORATIVE ENTERTAINMENT Traditional Model o  Serial o  Monologue o  Product-based Creator   Content   Consumer   o  Passive Experiences   Collaborative Model o  Parallel o  Dialogue Co-­‐Creator   Co-­‐Creator   o  Experience-based o  Active Co-­‐Creator   Co-­‐Creator  
  • 79. Collaborative entertainment is more than just interacting with content. It’s remixing content, creating new experiences, and sharing them with others. Then baking the commerce elements into a social context. Engagement   InteracMon   ParMcipaMon   CollaboraMon   ContribuMon   Value  ConsumpMon   Value  Co-­‐CreaMon  
  • 80. Source:  Tony  Deifell’s  “ The  Big  Thaw”  
  • 81.
  • 83. Great experiences obviate the intent to purchase. Purchasing product is a state of mind. Purchases happen through sharing, NOT selling.
  • 84.
  • 85.
  • 86.
  • 87. A recent social experiment… (storymaking development)
  • 88. EXPERIENCE   story   story   SERVICE   CAUSE   PRODUCT   story   story   CONTENT  
  • 89. 1.  Contextualize 2.  Narrate 3.  Productize 4.  Deliver
  • 90.
  • 91.
  • 92.
  • 93.
  • 94.
  • 95.
  • 96.
  • 99.
  • 100.
  • 101.
  • 102. “Content isn’t king, it’s now a Republic.”   - Faris Yakob, Chief Innovation Officer, MDC Partners
  • 103.
  • 104.
  • 105. THANK YOU FOR PARTICIPATING. (let’s make this happen…)