
Just Evolving? This Feels Different.
Everything evolves. From the simplest organism to the most complex, the laws of nature dictate that eventually everything evolves to a higher form. In the world of media and communications, evolution -- that is, change -- has been a true constant. How often in our world has the common refrain been “the pace of change today is incredible?” In any industry driven by technology the rate of change has been accelerating exponentially. The last several years have been no exception . . . but this feels different.
We may be on the precipice of a seismic shift in our business; a big enough shift that it may be difficult to recognize the business when all the dust has finally settled. Social forces are colliding with technological advancement in the media sector to drive new dynamics in consumer and corporate behavior. Newspapers are scrambling to reinvent themselves. The iPod has changed the way music is consumed. Televisions have become flatter and smarter. Bundled (triple play) service is the norm in cable and satellite. Telcos are also in the video business. The mobile phone is quickly becoming a centerpiece of all communications. Programming is available anytime, anywhere and on just about any device, or soon will be. Movies have gone 3D. There’s Hulu, YouTube, Pandora and the iPhone. PC, TV, phone – this time it really does appear they will converge. The Internet is profoundly changing the game.
In the midst of all these changes the central players have been bobbing and weaving, looking to take advantage of the new dynamics or at least prevent premature decline. Content owners and major distributors are battling it out over who brings more value to the party and how each should be fairly compensated. This part of the game appears to be changing as well, and it will further define the new balance of power and ultimate survivors. Add to the mix the president’s Broadband Plan, and questions it has spurred over how the nation’s spectrum can be most efficiently used, and what you have is perhaps the fuzziest picture (pardon the shameless TV reference) that has existed in the media business in decades. The technologies are changing as are the dynamics of the supply chain.
At this point you’re probably saying, “tell me something I don’t already know.” Obviously the challenge for all of us is to try and make sense of all of this change; to try and predict where it will all fall out. No doubt this is easier said than done. Where is the business of media headed? Who will drive future growth? In the absence of clear cut answers the key is to keep searching for valid clues. Happily, there are places you can look for clues . . . and happily, the NAB Show is one of them. No, I am not suggesting you will find all the answers there, but the NAB Show has always been about trend-spotting. It is a perfect barometer of what’s changing and where all the players are placing their bets. And we’re working hard to try and keep the show ahead of the curve; we’ve introduced Destination Broadband to create a home for the players driving the online video boom; we’ve continued to develop our Content Central initiative to bring major content developers and innovators to the mix; and we keep striving to build new audiences with specialized programming, like our Military & Government Summit.
So in addition to approaching your participation in the NAB Show as a business development experience, don’t forget to approach it as a learning experience. And don’t think of the NAB Show the way it used to be. Don’t think of it in terms of one media platform; or one particular audience. Think of it in terms of a new paradigm. Think of it as broader-casting – the next generation of content and content distributors, not tied to a specific platform or content type. It’s film, it’s broadcast, it’s cable and satellite, it’s online and mobile video, it’s film, it’s post-production, it’s corporate video, it’s military and government video, it’s church production . . . and more. It is a show for the next evolution of media and communications. It is a show that can and should reflect how your business is changing. And if it that seems strange, that’s because we are moving through a time of unprecedented change. This time it is different, and we’re all going to have to get used to looking at each other a bit differently.















