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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Shifting Focus to a Smaller Screen: Brands are Increasing Investments in Online Video Content, Spending Less on Traditional TV Ads

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StudioNow’s 2018 Pulse of Video Industry survey reveals marketing and advertising professionals’ perspectives on key industry trends

NASHVILLE, Tenn., - June 14, 2018 – A large majority of video production and marketing professionals (78 percent) are seeing brands invest more in online and digital video ads compared to traditional TV spots, according to the 2018 Pulse of Video Industry survey published by StudioNow, the leading content production solution for marketers. It appears that this shift to digital video ads has introduced a number of different challenges, including decreased budgets from brands, a surge in the amount of content that needs to be produced and questions about the best ways to leverage emerging technologies.

StudioNow’s 2018 Pulse of Video Industry survey illustrates how the overall video content industry is evolving, represented by the following data:  

  • Marketing professionals are in agreement; budgets for producing video content are shrinking. 45 percent of survey respondents have seen brands’ budgets for producing marketing and advertising video content decreasing in 2018, but the demand for video content remains on the rise.
  • Let’s be clear; most professionals believe there needs to be more transparency between agencies and brands. 54 percent of survey respondents believe there needs to be more transparency in the bidding process for creative work. Only 16 percent believe the process is transparent enough.

While the business of the industry is changing, so too is the way that the work is done. With the influx of new content channels and tech trends, marketing and advertising professionals are struggling to adjust while learning how to navigate the rapidly evolving landscape. The survey results revealed their opinions on these tactical issues, such as:

  • Augmented reality has more marketing power than virtual reality. 40 percent of respondents believe that AR in marketing content is here to stay, while only 35 percent said the same about VR.
  • Live video is still a maze for marketers. Only nine percent of survey participants believe that marketers have figured out how to best leverage live video content on social media.
  • Instagram and Snapchat stories are a challenge to many professionals. Nearly half (49 percent) of marketers believe that stories on Snapchat and Instagram present a challenge when featuring marketing content on social media.
  • No matter how good the technology is, video professionals aren’t replacing their high-tech equipment with smartphones any time soon. More than 70 percent of survey respondents believe that smartphones do not pose a risk to traditional video production processes.
  • The majority of marketers believe that videos between 10 and 60 seconds receive the most audience engagement. While less than 20 percent of respondents believe that videos less than 10 seconds and longer than one minute receive the most engagement, the rest are split between videos 10-30 seconds long (45 percent), and between 30 seconds to a minute (37 percent).

“Through our survey, we aimed to gather insights on key trends and topics within the content production ecosystem, which is made up of brands, agencies and production companies. What we found is that the content arms race continues to escalate and is being fueled by the proliferation of digital platforms and screens coupled with more sophisticated targeting techniques and technologies,” said David Mason, StudioNow chairman, co-founder, and CEO. “This new digital landscape has exposed the limitations of the older, traditional production model that was built for TV commercials and broadcast TV. At StudioNow, we’re leveraging technology to provide more transparency, efficiency, scale and flexibility in the content production process, which delivers better economics and outcomes for all involved parties.”

Survey Methodology

StudioNow’s 2018 Pulse of Video Industry Survey was conducted February – March 2018 and was distributed to the company’s network of more than 10,000 video production and marketing professionals. The survey asked participants 12 questions, and the results generated reflect the responses of more than 250 survey participants.

Additional Survey Assets

StudioNow’s infographic illustrating this data can be found here: bit.ly/stateofvideomarketing2018. 

About StudioNow

StudioNow is the #1 content production platform for marketers. StudioNow works directly with top-tier brands including Coca-Cola, McDonald's, P&G, Walgreens and Humana to deliver high-quality video at scale through a curated global network of producers combined with a cloud-based bidding and project management software platform. StudioNow also has a strategic services team of elite video experts that help our clients develop long-term in-house video production programs. For more information about StudioNow, or to get high-quality video at scale for your business, visit studionow.com.  

Press Contact:

SHIFT Communications for StudioNow 
Jenna Finn, Account Manager
T: (617) 779-1875
E: jfinn@shiftcomm.com 

 

Infographic - 2018 Pulse of Video Survey

The Content Marketer
ABOUT THE AUTHOR | The Content Marketer
StudioNow is the #1 content production platform for marketers. Top-tier brands including P&G, Coca-Cola, McDonald's, Walgreens and many more leverage the StudioNow Platform to deliver high-quality content at scale. Our proprietary SaaS platform, combined with a strategic services team and a global network of over 10,000 qualified and vetted producers help our clients develop production programs for award-winning content creation.

 

LEARN MORE ABOUT THE STUDIONOW PLATFORM

 

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