Fred, I noticed that Mexico & Brasil are separated from Latin America. Why is that?
Should the number for the region be 59.2 for Monthly Uvs, 9.3 Daily Uvs, 28.7% of WW and a web audience share of 11%
fredwilson
· 1 year ago
No, they are not broken out, I just included them as well.
Same with india in pac-asia
The regional numbers include all the countries in the region
Roman Giverts
· 1 year ago
actually most popular shows eventually are licensed internationally. So they get the 100mm eyeballs internationally anyway, just not usually at one time.
PKafka
· 1 year ago
Fred, isn't it great to be able to come back to the same topic with a new take on two different days? One of the reasons I love blogs. In any case, comparing YouTube's all-time greatest hits to a week's worth of CSI isn't apples/apples. If you look at this week's most popular videos: http://bit.ly/NA9y you'll see that only a few top more than 1M views (not people). There are pros and cons, from an advertiser's perspective, to buying a medium that is time-specific vs. long-lived, but that's a different discussion.
Side note: it is telling that so many of those top videos of all times are music videos produced by the big labels. I'm just not sure what that means (and, I suspect, the big labels don't, either).
fredwilson
· 1 year ago
I noticed the music video thing to. A lot of people listen to music videos instead of buying the music
vincentvw
· 1 year ago
There was an excellent "Face Value" in last week's The Economist on MTV's CEO Judy McGrath (here: http://www.economist.com/people/displaystory.cf...) Essentially, the people that MTV used to cater too with music videos are now being catered too by YouTube. Whether or not that has anything to do with music sales, I can't say. I would guess piracy is a large factor here.
Kari Silvennoinen
· 1 year ago
Or maybe the value of television as a marketing channel for music is diminished? As MTV's McGrath says, their audience is "the on-demand" generation. Who in their right mind would browse a stream of music videos if they can watch the exact music video they can on-demand? Now, one could make that this is the case with iPods vs. radio, too.
In this context it's quite easy to see why MTV has evolved from showing anything but music videos. Instead they have found new more high-impact ways to sell their advertisers lifestyle and content to their audience through reality-tv shows, movies and Rock Band. Television broadcasting, after all, is about advertising.
vincentvw
· 1 year ago
"Television broadcasting, after all, is about advertising." well-said.
Blofeld
· 1 year ago
Maybe this comment should go in the other thread (if so, I'll port it over) but I think a logical way to look at digital and analog is that both will continue to co-exist for many years. But the implications of this continued co-existence are different for partisans (for lack of a better term) on either side. The case for co-existence:
First, original scripted programming for television can continue to live (for now at least) because in many ways it gets the benefit of the web as a promotional tool. Ad dollars still go to both worlds, and most big national advertisers will not be giving up on TV anytime soon. Same goes for original programming produced for pay cable such as HBO. Subscriber revs pay those bills. Programmers get the benefit of web buzz, social networking, people buying DVD box sets on Amazon, etc. All these are ways in which the existence and growth of the web are sort of mitigated from the point of view of traditional analog programmers. They can live with the current state of affairs. It's not as fat and happy as the good old days, but it's plenty profitable and it's still a business people want to be in (witness the amount of Ivy League graduates who still send spec scripts out to Hollywood before settling for the Plan B job offer from Lazard).
So for the moment I don't think analog TV is in nearly the panic that digital people like to think. By contrast, I do think there are some in the digital startup world who need analog to crash sooner rather than later so that their biz models can bear fruit. There are web startups and services out there that are not getting quite the ad dollars they thought they would by now, and so there's a sense that the inexorable process of shifting over to digital needs to be sped up (this is the Faster Please chorus). So what you get is a lot of denigration of the analog world, the old studio production model, the legacy labor contracts, the expensive writer/producer cadre, etc. Bottom line: the analog TV biz can live with the current trajectory for probably another decade or two. But some of the digital world, by contrast, is coming to the conclusion that the trajectory needs to be changed in their favor if they are to make it as big and as soon as they had hoped. I guess the question is: are you OK with the rate of change?
Steven Kane
· 1 year ago
Hi Fred
That is fascinating - I had no idea YouTube was such a multi-national phenomenon!
There's a very simply way I know YouTube and Hulu et al own the future -- at dinner last night I asked my 7 and 10 year old sons a question, "If you could only have one, which would rather have, TV or the computer?" Fast simple answer, "The computer." "Why?" I asked. My ten year old shook his head at the silliness of the question. "Oh Dad," he said, "Because we can watch TV on the computer!"
One technical question though -- I linked to Compete.com, which shows YouTube as having 63MM monthly unique visitors, not 300MM. Or am I not reading that correctly?
fredwilson
· 1 year ago
I believe the compete numbers are US only. I'll check into that
Your kids and my kids are the people we should be watching and listening to as we invest in the future
Fred
jamesgross
· 1 year ago
Fred, Like this post and your post from yesterday. Extremely relevant for companies looking to create value online especially those primarily funded by the Ad/CPM world.
Kevin Kelly's Laws of Value apply here. From his Ted Presentation: Copies Have no Value. Value is in the Uncopyable. Media wants to be liquid. Network Effects Rule.
I bookmarked this article, even though I'm always surprised when US people are surprised that media-consumption is a global phenomenon. Piracy is, in my opinion, something that arose around the globe mostly, because companies essentially do not treat regions equally. This started with cinema- and dvd-releases which were served to different regions in delays and it frustrated us Europeans to no end that we had to read about lines queing up for some kick-ass film in the US, while we had to wait. Most recently, Wall-E, which was released in the US first and for which I had to avoid reviews for several weeks before getting a chance to see it here in the Netherlands. Typically Disney…
Even worse is the lackluster online-media landscape, where iTunes video is being released in countries sporadically, the Kindle is US-only, Pandora is US-only, etc. Why people then just go hit the torrents is not surprising whatsoever.
I'm happy to read about YouTube's global audience, another point for Google, I guess.
fredwilson
· 1 year ago
Totally agree!!
jefftala
· 1 year ago
Hulu is US only as well. Assuming you don't fake your IP address :)
jefftala
· 1 year ago
Canada has 15 million unique visitors every month? There's only 32 million of us in total :)
I doubt that nearly half of Canadians are clicking over to YouTube every month. I'm sure this just means that some us are doing it from multiple browsers, deleting our cookies, or from multiple machines. In other words, take "unique visitors" with a grain of salt.
rah33ls
· 1 year ago
my usage of youtube has picked up A LOT recently. previously most of it was a centered around the 'lean forward exerience' from friends sending short clips.
but the election changed that. during the election period their personalization tools turned out to be vital for finding specific information about the campaign -- the ubiquity of participants contributing was unprecedented (backfill and longtail is really starting to pay off). With my personlized channels -- so honed in (which i've spent time working at like an rss feed) -- in all honesty, i can now find more relevant material to what I want to watch than on normal broadcast. so this is now starting to become a 'lean back experience'. that's when things start become really interesting.
secondly, comparing youtube to services like hulu etc is like comparing apples and oranges. think of all the value points that youtube is hitting right now. pretty much every single one. the serendipity value truly is remarkable -- YT have been very patient -- in really following this thing through -- and it looks like it may start paying off.
as always, search is their weapon here. did you see the recent stats on young people using youtube as an information utility? remarkable. it seems, search is starting to become a killer utility in providing the sweet spot video service (professional content makers -- take note!!).
however, there is room for improvement. personalization tools - primarily.
gordonmattey
· 1 year ago
You inspired me to back up the principle that attention is relatively scarce and content relatively abundant, it is interesting to use these stats to work out the average ratio of Available Video : Attention.
On YouTube (US numbers only) Total Attention 80 Million Uniques x 54.7 Average Views x 2.9 Mins Viewed ~ 12.6 Billion minutes Viewed
Total Available Video 780 Minutes Every Minute Uploaded x 60 x 24 x 30 x 23.3% (US % of wordwide) ~ 7.8 Million minutes Uploaded
Video : Attention ratio ~ 1 minute : 1616 minutes
So for every minute produced, it is viewed for 1616 minutes. I didn't even factor in what is already on the site, this is assuming all attention in one month goes to what is uploaded in the same period of time.
On Traditional TV (US only) Total Attention 275 minutes x 300 million x 30 days = 2.5 Trillion minutes / month
Total Available Video 110,000 minutes x 30 days = 3.3 Million minutes / month
Video : Attention ratio = 1 minute : 750,000 minutes
Content availability is exploding and attention is decreasing.
Attention really is relatively scarce.
Source notes: These numbers also don't consider an individuals total viewing minutes across other sites, not just YouTube, but average viewing should increase in line with increases in video availability.
TV - Average Minutes of Video Available per Day - 104.2 Channels available on average * 44 minutes (every hour) * 24 = 110,000 minutes http://www.nielsenmedia.com/nc/portal/site/Publ... (2006 numbers)
All Comments
Should the number for the region be 59.2 for Monthly Uvs, 9.3 Daily Uvs, 28.7% of WW and a web audience share of 11%
Same with india in pac-asia
The regional numbers include all the countries in the region
Side note: it is telling that so many of those top videos of all times are music videos produced by the big labels. I'm just not sure what that means (and, I suspect, the big labels don't, either).
In this context it's quite easy to see why MTV has evolved from showing anything but music videos. Instead they have found new more high-impact ways to sell their advertisers lifestyle and content to their audience through reality-tv shows, movies and Rock Band. Television broadcasting, after all, is about advertising.
well-said.
First, original scripted programming for television can continue to live (for now at least) because in many ways it gets the benefit of the web as a promotional tool. Ad dollars still go to both worlds, and most big national advertisers will not be giving up on TV anytime soon. Same goes for original programming produced for pay cable such as HBO. Subscriber revs pay those bills. Programmers get the benefit of web buzz, social networking, people buying DVD box sets on Amazon, etc. All these are ways in which the existence and growth of the web are sort of mitigated from the point of view of traditional analog programmers. They can live with the current state of affairs. It's not as fat and happy as the good old days, but it's plenty profitable and it's still a business people want to be in (witness the amount of Ivy League graduates who still send spec scripts out to Hollywood before settling for the Plan B job offer from Lazard).
So for the moment I don't think analog TV is in nearly the panic that digital people like to think. By contrast, I do think there are some in the digital startup world who need analog to crash sooner rather than later so that their biz models can bear fruit. There are web startups and services out there that are not getting quite the ad dollars they thought they would by now, and so there's a sense that the inexorable process of shifting over to digital needs to be sped up (this is the Faster Please chorus). So what you get is a lot of denigration of the analog world, the old studio production model, the legacy labor contracts, the expensive writer/producer cadre, etc. Bottom line: the analog TV biz can live with the current trajectory for probably another decade or two. But some of the digital world, by contrast, is coming to the conclusion that the trajectory needs to be changed in their favor if they are to make it as big and as soon as they had hoped. I guess the question is: are you OK with the rate of change?
That is fascinating - I had no idea YouTube was such a multi-national phenomenon!
There's a very simply way I know YouTube and Hulu et al own the future -- at dinner last night I asked my 7 and 10 year old sons a question, "If you could only have one, which would rather have, TV or the computer?" Fast simple answer, "The computer." "Why?" I asked. My ten year old shook his head at the silliness of the question. "Oh Dad," he said, "Because we can watch TV on the computer!"
One technical question though -- I linked to Compete.com, which shows YouTube as having 63MM monthly unique visitors, not 300MM. Or am I not reading that correctly?
Your kids and my kids are the people we should be watching and listening to as we invest in the future
Fred
Kevin Kelly's Laws of Value apply here. From his Ted Presentation:
Copies Have no Value.
Value is in the Uncopyable.
Media wants to be liquid.
Network Effects Rule.
http://www.ted.com/index.php/talks/kevin_kelly_...
Even worse is the lackluster online-media landscape, where iTunes video is being released in countries sporadically, the Kindle is US-only, Pandora is US-only, etc. Why people then just go hit the torrents is not surprising whatsoever.
I'm happy to read about YouTube's global audience, another point for Google, I guess.
I doubt that nearly half of Canadians are clicking over to YouTube every month. I'm sure this just means that some us are doing it from multiple browsers, deleting our cookies, or from multiple machines. In other words, take "unique visitors" with a grain of salt.
but the election changed that. during the election period their personalization tools turned out to be vital for finding specific information about the campaign -- the ubiquity of participants contributing was unprecedented (backfill and longtail is really starting to pay off). With my personlized channels -- so honed in (which i've spent time working at like an rss feed) -- in all honesty, i can now find more relevant material to what I want to watch than on normal broadcast. so this is now starting to become a 'lean back experience'. that's when things start become really interesting.
secondly, comparing youtube to services like hulu etc is like comparing apples and oranges. think of all the value points that youtube is hitting right now. pretty much every single one. the serendipity value truly is remarkable -- YT have been very patient -- in really following this thing through -- and it looks like it may start paying off.
as always, search is their weapon here. did you see the recent stats on young people using youtube as an information utility? remarkable. it seems, search is starting to become a killer utility in providing the sweet spot video service (professional content makers -- take note!!).
however, there is room for improvement. personalization tools - primarily.
On YouTube (US numbers only)
Total Attention
80 Million Uniques x 54.7 Average Views x 2.9 Mins Viewed ~ 12.6 Billion minutes Viewed
Total Available Video
780 Minutes Every Minute Uploaded x 60 x 24 x 30 x 23.3% (US % of wordwide) ~ 7.8 Million minutes Uploaded
Video : Attention ratio ~ 1 minute : 1616 minutes
So for every minute produced, it is viewed for 1616 minutes. I didn't even factor in what is already on the site, this is assuming all attention in one month goes to what is uploaded in the same period of time.
On Traditional TV (US only)
Total Attention
275 minutes x 300 million x 30 days = 2.5 Trillion minutes / month
Total Available Video
110,000 minutes x 30 days = 3.3 Million minutes / month
Video : Attention ratio = 1 minute : 750,000 minutes
Content availability is exploding and attention is decreasing.
Attention really is relatively scarce.
Source notes:
These numbers also don't consider an individuals total viewing minutes across other sites, not just YouTube, but average viewing should increase in line with increases in video availability.
YouTube - Average Videos / Viewer - 54.7
YouTube - Average Minutes Viewed per Video - 2.9 minutes
http://www.comscore.com/press/release.asp?press... (Numbers from Google Sites Sept 2008)
YouTube - Content Uploaded - 13 hours uploaded every minute
http://googleblog.blogspot.com/2008/09/future-o... (YouTube Sept 2008)
TV - Average Viewing Per Day - 275 minutes per individual
http://www.nielsenmedia.com/nc/portal/site/Publ...
TV - Average Minutes of Video Available per Day - 104.2 Channels available on average * 44 minutes (every hour) * 24 = 110,000 minutes
http://www.nielsenmedia.com/nc/portal/site/Publ... (2006 numbers)