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Is Content Still
    King?
What is driving the growth of Digital
              Media?
“Content is King”
                             Bill Gates 1996

                                      In a short essay written
                                       at the beginning of 1996,
                                       Bill Gates – Founder and
                                       then CEO of Microsoft –
                                       asserted that the
                                       Internet – still young at
                                       that time, would soon
                                       become “…a
                                       marketplace of ideas,
                                       experiences, and
                                       products - a marketplace
                                       of content “
PDC 1996 Keynote with Bill Gates
Content is the motivation for
USING digital media

   Whether it is to communicate with friends
    about an event, or research how to build a
    patio – and then where to buy the materials,
    people turn to the internet as a fast source of
    information, content and a reference point
    for actual physical goods

   Entertainment is delivered via the medium
    and provides a destination or a result for
    people

   News and text is distributed

   IMPORTANTLY ALL CONTENT CAN BE
    SEARCHED FOR (provides motivation)
A counterpoint to McLuhan’s “The Medium Is the
Message”
                “Each medium, independent of the content it
                mediates, has its own intrinsic effects which are its
                unique message.”
                             (Understanding Media, NY, 1964, p. 8)



              In his book Understanding
              Media, the extensions of
              man written in 1964,
              Marshall Mcluhan
              proposes that a medium
              affects society not by the
              content delivered through
              it, but by the
              characteristics of the
              medium itself.
Case against Mcluhan

   Current technology cross breeds media –
    movies watched on TVs, TV shows watched
    on computer screens, books read on
    iPads… but we do not see different impacts
    on society based on the same content being
    experienced on different mediums

   In the absence of fresh and updated content
    we grow bored of the medium. In the
    absence of content we stop using the
    medium.
Social [Media] Is Content’s Best Friend
   “Publishers have struggled to find effective consumer offerings
    online. But now a perfect storm of new models and prospects gives
    confidence for many.
                                         Robert Andrews, PaidContent
New Distribution of Content
The internet in general and social media in particular has developed into a
powerful distribution infrastructure for content


                                  “You can reach millions of people that way,
                                   just from making something someone wants
                                   to share with someone. There’s an
                                   opportunity to build a big media company
                                   that’s technology-enabled and socially
                                   created for a world of sharing.”

                               BuzzFeed founder Jonah Peretti
Monetizing and Payments



    Infrastructure promotes content

    “For the Internet to thrive, content providers
     must be paid for their work.” (Gates, 1996)

    Technology for online payment and
     collection has advanced to make this easy
References:

   Content is King, Bill Gates, 1996,
    http://www.craigbailey.net/content-is-king-by-bill-
    gates/#prettyPhoto

   Who Said Content is King, IceGiant, 2012
    http://www.icegiant.co.uk/web-promotion-
    services/articles/who-said-content-is-king.html

   Content IS King Again, Robeert Andrews, 2012
    http://paidcontent.org/2012/11/16/content-is-king-
    again-why-bill-gates-may-be-right-after-all/

   http://en.wikipedia.org/wiki/Understanding_Media:_Th
    e_Extensions_of_Man

   Understanding Media, Marshall Mcluhan, NY, 1964,
    http://www.marshallmcluhan.com/common-questions/

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Content is king

  • 1. Is Content Still King? What is driving the growth of Digital Media?
  • 2. “Content is King” Bill Gates 1996  In a short essay written at the beginning of 1996, Bill Gates – Founder and then CEO of Microsoft – asserted that the Internet – still young at that time, would soon become “…a marketplace of ideas, experiences, and products - a marketplace of content “ PDC 1996 Keynote with Bill Gates
  • 3. Content is the motivation for USING digital media  Whether it is to communicate with friends about an event, or research how to build a patio – and then where to buy the materials, people turn to the internet as a fast source of information, content and a reference point for actual physical goods  Entertainment is delivered via the medium and provides a destination or a result for people  News and text is distributed  IMPORTANTLY ALL CONTENT CAN BE SEARCHED FOR (provides motivation)
  • 4. A counterpoint to McLuhan’s “The Medium Is the Message” “Each medium, independent of the content it mediates, has its own intrinsic effects which are its unique message.” (Understanding Media, NY, 1964, p. 8)  In his book Understanding Media, the extensions of man written in 1964, Marshall Mcluhan proposes that a medium affects society not by the content delivered through it, but by the characteristics of the medium itself.
  • 5. Case against Mcluhan  Current technology cross breeds media – movies watched on TVs, TV shows watched on computer screens, books read on iPads… but we do not see different impacts on society based on the same content being experienced on different mediums  In the absence of fresh and updated content we grow bored of the medium. In the absence of content we stop using the medium.
  • 6. Social [Media] Is Content’s Best Friend  “Publishers have struggled to find effective consumer offerings online. But now a perfect storm of new models and prospects gives confidence for many. Robert Andrews, PaidContent
  • 7. New Distribution of Content The internet in general and social media in particular has developed into a powerful distribution infrastructure for content  “You can reach millions of people that way, just from making something someone wants to share with someone. There’s an opportunity to build a big media company that’s technology-enabled and socially created for a world of sharing.” BuzzFeed founder Jonah Peretti
  • 8. Monetizing and Payments  Infrastructure promotes content  “For the Internet to thrive, content providers must be paid for their work.” (Gates, 1996)  Technology for online payment and collection has advanced to make this easy
  • 9. References:  Content is King, Bill Gates, 1996, http://www.craigbailey.net/content-is-king-by-bill- gates/#prettyPhoto  Who Said Content is King, IceGiant, 2012 http://www.icegiant.co.uk/web-promotion- services/articles/who-said-content-is-king.html  Content IS King Again, Robeert Andrews, 2012 http://paidcontent.org/2012/11/16/content-is-king- again-why-bill-gates-may-be-right-after-all/  http://en.wikipedia.org/wiki/Understanding_Media:_Th e_Extensions_of_Man  Understanding Media, Marshall Mcluhan, NY, 1964, http://www.marshallmcluhan.com/common-questions/