MarTechSeries: Interview with David Mason, CEO and Founder, StudioNow

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Tell us about your role and journey into technology. What made you start StudioNow?

I have been an entrepreneur for the past 25 years. Along the way, I have dabbled with having a normal job here or there, but always found that my passion was to create ideas and companies from scratch. My key ingredients have always been to identify a large-scale trend (internet retail, WiFi communications, digital video, etc.) and then create a new business model for that industry that utilized technology to disrupt the status quo. I started one of the first internet bookstores in 1994, which later became Buy.com, which was then sold to Rakuten. I started StudioNow in 2007 because I was taking a ton of birthday and vacation pictures of my five- and two-year-olds at the time and never got around to doing anything cool with that content. While thousands of these pictures and videos were clogging up my hard drive other and more experienced individuals with film school backgrounds and editing software were uploading funny and entertaining videos to YouTube and generating millions of views. My original idea was to create a marketplace where less experienced individuals (people like me) could be matched with video experts to turn their pictures and videos into something that was worth watching. StudioNow 1.0 was born and on the first day, we had about 80 video professionals sign up to be part of the StudioNow Creative Network. Fast forward to today, and we now have over 10,000 creative vendors from mom and pop creative shops to some of the largest, high-end production companies in the world. We stopped making video content for individuals in 2008 and our software platform now manages the video creation process (vendor sourcing, bidding, project management, contracting, payment, etc.) for some of the largest companies in the world, including Coca-Cola, P&G, HP, Bridgestone, etc.

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Marketers Aren’t Preparing for the Repeal of Net Neutrality; Should They Be?

If all efforts to stop the repeal of net neutrality are unsuccessful—and there are a lot of legal activities taking place—it will go into effect in a couple of weeks, on April 23rd, and the way we’ve grown accustomed to consuming the Internet may be fundamentally altered. With the repeal of net neutrality, Internet Service Providers (ISPs) will have the power to influence loading speeds for specific websites or apps, and if it ends up being anything like that Burger King commercial portrayed it to be, many consumers will not be pleased with having to pay more to see their desired content.

 

Source: mindscanner / iStock / Getty

But this isn’t just an issue impacting consumers; it could also affect our entire industry. Marketing and advertising have become increasingly reliant on digital and online content—mainly video—to reach their target audiences. In fact, nearly 52 percent of marketers say video content provides the best return on investment, and 70 percent plan to use social video ads in the coming 12 months. So, theoretically, the repeal of net neutrality could fundamentally change how they conduct their business.

In all the meetings I’ve been in, conferences I’ve attended, and plans I’ve seen, the repeal of net neutrality has not been mentioned.  That got me thinking; if this will be as big of a game changer as it’s hyped to be, should marketers be preparing for a post-net-neutrality world?

The answer to that question isn’t a simple yes or no, create a plan, or wait and see. There are many factors to consider, including:

Where is the target audience, and where would they be after repeal?

The basics of marketing are getting your content in front of a hyper-targeted, super-focused, and extra relevant audience. This principle does not change based on net neutrality, but what may change is where they are tiered following the repeal. If you’re trying to reach an audience that is less likely to pay for higher Internet speeds, you may need to rely less on video content and more on traditional social media ads. However, if your desired audience is likely to pay more, your content plan may not change at all. While the audience doesn’t change, how you reach them may.

Will this be a “survival of the fittest” situation?

Consumers will likely need to pay more to see specific content, but will the same go for organizations? Will companies need to pay more to make sure their desired audience sees it? If so, we know that media giants will have the budget to get their content in front of their audience’s eyes, but not all organizations have that luxury. Smaller organizations may need to adjust their strategies—and their budgets—to make sure they’re able to achieve success.

Is there anything that marketers can actually plan for?

Right now, we’re only speculating what the future could look like. We don’t know how the repeal of net neutrality will be rolled out because there have not been any concrete plans shared with the public. It’s likely that it will take a few months for the repeal to be fully complete, which makes it incredibly difficult to know how budgets, content strategies, and resources will need to change. As such, there isn’t much planning that marketers can actually do ahead of the repeal, other than to plan to plan. Remaining agile and flexible will allow marketers to adapt to potential changes as quickly, efficiently, and successfully as possible.

If net neutrality is not repealed, will content distribution stay the same as it is today?

There are many people, companies, and states fighting to reverse FCC’s ruling on net neutrality. If they are successful, not much will change in terms of the way we interact with (and pay for) the Internet. So, if marketers make a plan for the future based on a repeal and then everything stays the same, was all that planning a waste of their time? Not necessarily. The way consumers ingest content is always changing—one day it’s Facebook, the next it’s SnapChat, and the next it’s HQ Trivia—so brands should not bank on the lasting popularity of today’s websites, apps, and other existing content channels. Companies should still always be planning new ways to reach their target audiences, even if net neutrality is kept intact.

Even though there are a lot of factors to take into consideration regarding the future of content marketing in this not-so-clear future, it’s incredibly important that marketing professionals start talking about net neutrality. This is potentially a huge change in how brands and consumers interact with the Internet, and we all need to be prepared. There’s nothing worse than being caught by surprise when you’ve had adequate time to plan.

Is your marketing team preparing for a “net neutrality-less” world?

By: Ben Tyson, Senior Vice President and Executive Producer of StudioNow

article originally posted on Marketing Daily Advisor 

Ben Tyson
ABOUT THE AUTHOR | Ben Tyson
Senior Vice President and Executive Producer

 

LEARN MORE ABOUT THE STUDIONOW PLATFORM

 

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