Twitter is seeking to expand its revenue-generating
capabilities in the coming months as it continues to develop products that
partner with television networks. Currently, television networks and shows
enjoy free publicity using Twitter’s popular social media system, often
advertising hashtags or user accounts on air. Recent research has shown that
increased tweet volume is positively correlated with higher television ratings.
As a result, Twitter—ahead of its looming IPO—is aiming to capitalize on this
research and create opportunities for television networks to advertise in its
digital space.
Through a new product called “Amplify,” Twitter allows
television networks to post brief replays of content shortly after that content
airs. These replays would be accompanied by paid sponsors, and Twitter and the
television network would share the generated ad revenue in an undisclosed
split. Networks such as A&E and ESPN are already signed on to Amplify, with
other such as CBS giving strong consideration. As more networks sign onto the
product, Twitter will become even more ingrained in television, further
bridging the gap between traditional television advertising and digital
marketing / advertising. As Twitter’s user-base continues to grow (and with
August revenue up 81% year-over-year), Twitter is a logical partner for
television networks considering the growing trend in viewers participating in
social media during live broadcasts.
Read More: http://online.wsj.com/article/SB10001424127887324807704579088231837484594.html?mod=WSJ__MIDDLENexttoWhatsNewsForth
Read More: http://online.wsj.com/article/SB10001424127887324807704579088231837484594.html?mod=WSJ__MIDDLENexttoWhatsNewsForth
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