Why should we take Google TV Ads seriously?

October 20, 2008

We, the people in the traditional media businesses, are strange creatures. Having been on top of 90% of the media revenues for years and years our beliefs are strong, we are dangerously naive, and our vision increasingly myopic. We still see the development and “digitisation” of media a phenonmenon similar to our young children wanting to hook their play stations to the TV,  while we want to watch our afternoon comedy.  Nothing to pay attention to here, the children will eventually get over it.

This is exactly the same attitude I came across in a recent discussion on IPTV, hosted by Alumni of a prestigious business school in France. This discussion took place last week in London and the panel consisted of speakers from two of the key broadcast organisations in the UK, and of some high energy start-ups in the area of internet video. One member of the panel, from a prestigious TV distribution platform in the UK, dismissed Google TV ads as something “just in the US, and not delivering on core fundamentals”. Crap!

Do we believe it “does not deliver on core fundamentals” because we have become the fundamentalists of the TV world ourselves? Google TV Ads is important, not because Google will take over the world one day, but because they are laying the grounds to change the rules of the game for traditional TV. This is how:

– It redefines the way TV is targetted- hence how it is measured, hence how it is traded. Their approach would deliver in the age of digital TV, and the traditional approach does not.

– It challenges the decades long incestual relationship of the research agencies and media owners. Google’s data is more transparent, more real time, and offers more analytics. If there is one thing you can trust Google to do, it is number crunching.

– It helps media owners maximise revenues and advertisers reach, in the age of fragmented on-demand platforms. Traditional models can not even cope with PVR/DVRs.

– Most of the big players in the media and research industry are likely to term Google’s work as something that has a limited scope but would then go and do something similar to Google TV Ads and use their scale to make it sound better. They will.

And if we still do not get it (and I have a feeling we perhaps would but not in the short-term), we deserve to live in a world where most of people still like to be told when they should watch something that they do not want to watch to begin with. We might as well.

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