Monday, July 16, 2012

Winner-takes-all market: Internet video.

Pew Research Center released its report on Youtube and news. According to the report, Youtube now dominates Internet news and even beats TV in the current events category.

(July 16, 2012) Seven years after it was developed by three former employees of PayPal, the reach of YouTube is enormous. The video sharing site is now the third most visited destination online, behind only Google (which owns YouTube) and Facebook, based on data compiled by Netcraft, a British research service. According to the company's own statistics, more than 72 hours of video are uploaded to YouTube every minute. The site gets over 4 billion video views a day. Slightly under a third of those, 30%, come from the United States.

Fully 71% of adults have used sites like YouTube or Vimeo at some time, according to a 2011 survey by the Pew Research Center's Internet & American Life Project. That is up from 66% in 2010. And 28% visit them daily.

  • The most popular news videos tended to depict natural disasters or political upheaval-usually featuring intense visuals. With a majority of YouTube traffic (70%) outside the U.S., the three most popular storylines worldwide over the 15-month period were non-U.S. events. The Japanese earthquake and tsunami was No. 1 (and accounted for 5% of all the 260 videos), followed by elections in Russia (5%) and unrest in the Middle East (4%).
  • News events are inherently more ephemeral than other kinds of information, but at any given moment news can outpace even the biggest entertainment videos. In 2011, news events were the most searched term on YouTube four months out of 12, according to YouTube's internal data: the Japanese Earthquake, the killing of Osama bin Laden, a fatal motorcycle accident, and news of a homeless man who spoke with what those producing the video called a "god-given gift of voice." Yet over time certain entertainment videos can have a cumulative appeal that will give them higher viewership.
  • Citizens play a substantial role in supplying and producing footage. More than a third of the most watched videos (39%) were clearly identified as coming from citizens. Another 51% bore the logo of a news organization, though some of that footage, too, appeared to have been originally shot by users rather than journalists. (5% came from corporate and political groups, and the origin of another 5% was not identified.)
  • Citizens are also responsible for posting a good deal of the videos originally produced by news outlets. Fully 39% of the news pieces originally produced by a news organization were posted by users. (The rest of the most popular news videos of the last 15 months, 61%, were posted by the same news organizations that produced the reports.) As with other social media, this has multiple implications for news outlets. Audiences on YouTube are reshaping the news agenda, but they are also offering more exposure to the content of traditional news outlets.
  • The most popular news videos are a mix of edited and raw footage. Some pundits of the digital revolution predicted that the public, free to choose, would prefer to see video that was unmediated by the press. The most viewed news videos on YouTube, however, come in various forms. More than half of the most-viewed videos, 58%, involved footage that had been edited, but a sizable percentage, 42%, was raw footage. This mix of raw and edited video, moreover, held true across content coming from news organizations and that produced by citizens. Of videos produced by news organizations, 65% were edited, but so were 39% of what came from citizens.
  • Personalities are not a main driver of the top news videos. No one individual was featured in even 5% of the most popular videos studied here-and fully 65% did not feature any individual at all. Within the small segment of popular videos that are focused on people, President Barack Obama was the most popular figure (featured in 4% of the top videos worldwide). These ranged from speeches posted in their entirety to satirical ads produced by his political opponents.
  • Unlike in traditional TV news, the lengths of the most popular news videos on YouTube vary greatly. The median length of the most popular news videos was 2 minutes and 1 second, which is longer than the median length of a story package on local TV news (41 seconds) but shorter than the median length on national network evening newscasts (2 minutes and 23 seconds). But the variation in the length of the YouTube videos stands out even more. While traditional news tends to follow strict formulas for length, the most popular news videos on YouTube were fairly evenly distributed-from under a minute (29%), one to two minutes (21%), two to five minutes (33%) and longer than five (18%).[4]
tags: youtube, market, business, video, payload, system, storage, aggregation

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