The Path to Product Excellence: Avoiding Common Pitfalls and Enhancing Commun...
Evolving Consumer Behavior
1. A presentation by Subrahmanyam KVJ The ‘New’ Media Paradigm Evolving Consumer Behavior 14 th Dec 2009
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3. Consumers are now creating their own unique media experience by pulling existing content Customization is becoming the hallmark of digital media consumption 2 My TV My Music My Communications My Radio My Friends My Web
4. And they are equally active in creating and contributing new content Over 14 hours of video uploaded every minute 6.6 Mn photos uploaded every day Over 14 Mn user-contributed articles Over 15 Mn reviews of places and hotels Over 2.5 Bn photos are uploaded every month Over 133 Mn blogs indexed by Technorati since 2002 Source: Company websites 3
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6. These new behaviors are leading to industry-wide disruptions in traditional business models Music Print TV Source: IFPI Statistics; Newspaper Association of America; Ofcom’s Annual Communications Report, 2009 Music Industry Trade Sales (US $ Bn), Global, 2004-2008 News Paper Circulation (Mn), US, 2004-2008 TV as a proportion of total advertising spend, UK, 2003-2008 5
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