Vix, the Netflix of Latin America with over 50 Million Users | TelevisaUnivision CPTO, Michael Cerda | E250
Dec 25, 2024
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Michael Cerda, Chief Product and Technology Officer at TelevisaUnivision, brings extensive experience from Disney, Goldman Sachs, and Meta. He discusses ViX, a streaming platform aimed at Spanish-speaking audiences that has skyrocketed to over 50 million users. Cerda reveals how AI enhances content recommendations and user engagement, while addressing the 'cold start' problem. He also shares insights on balancing traditional TV habits with modern streaming experiences, and the importance of cultural insights in personalizing content for diverse audiences across Latin America.
Michael Cerda emphasizes that curiosity in product management is essential for understanding diverse user needs and tailoring content strategies accordingly.
The rapid launch of ViX, appealing to Spanish-speaking audiences, showcases the importance of collaboration and agile development in a competitive streaming landscape.
Deep dives
The Role of Curiosity in Product Management
Curiosity is identified as the most important trait for product managers, significantly influencing their approach to product development. This curiosity allows them to recognize what they don't know and inspires them to seek out new information that can benefit their projects. It enables product managers to analyze data, discern user behaviors, and develop personas that inform more targeted product offerings. By understanding the diverse needs of their audience across different cultures and regions, product managers can create tailored experiences that resonate with users.
Building a Competitive Streaming Platform
The challenge of launching a competitive streaming service, especially in a market dominated by established giants, has led to the successful launch of VIX within a remarkable nine-month timeframe. With 50 million active users, VIX caters specifically to Spanish-speaking audiences, offering a rich catalog that includes traditional novellas and premium content. This rapid rollout required the collaborative efforts of a large team, where quick hiring and integration were essential to achieve their ambitious goals. The innovative use of AI to improve content recommendations and metadata aids in enhancing the user experience, allowing for better personalization and engagement.
Persona-Driven Content Strategy
Understanding audience personas is crucial for crafting a successful content strategy across various demographic segments. For instance, the example of 'Straightforward Sophia,' a busy single mother, illustrates how tailored interfaces and user experiences can meet specific user needs effectively. Similarly, 'Game Day Gary,' who primarily consumes sports content, requires a different engagement strategy. By delving into these personas and their preferences, VIX is developing targeted features and recommendations that foster sustained user engagement and satisfaction.
Navigating the Challenges of Product Management in Media
Product management in media companies often presents unique challenges, particularly when balancing innovation against operational constraints. Unlike tech companies, where product managers may have more autonomy, media environments involve multiple stakeholders and tighter budgets that necessitate collaborative approaches. The need for agility in product development means managing expectations while delivering impactful features that resonate with audiences. By focusing on core competencies and gradually refining the platform, product managers can enhance the user experience without losing the creative essence of their content.
In this episode, Carlos Gonzalez de Villaumbrosia interviews Michael Cerda, Chief Product and Technology Officer at TelevisaUnivision, the world's leading Spanish-language media company reaching 125 million Spanish speakers daily across the US and Latin America.
TelevisaUnivision launched ViX, a consumer streaming platform, two years ago to compete with US-based giants like Netflix and Disney+. ViX has already surpassed 50 million global monthly active users, driven by the world's largest library of Spanish-language content, including major soccer rights like the World Cup, European Championship, and Champions League.
Michael's impressive career includes launching Disney+ as VP of Product at Disney, leading Apple's first Credit Card as CPO at Goldman Sachs, and working directly with Mark Zuckerberg at Meta. At ViX, he leads product management, design, and engineering, leveraging AI to enrich metadata, improve content recommendations, and solve the 'cold start' problem—all while steering ViX toward profitability by late 2024.
We explore ViX's journey from launch to a major player in the Spanish-language streaming market, the integration of AI in content recommendations, and the balance between traditional TV viewing habits and modern streaming interfaces. We also discuss how TelevisaUnivision leverages cultural insights to drive engagement and the challenges of personalizing content for a diverse Hispanic audience across 19 countries.
What you'll learn: - Michael's approach to scaling ViX from launch to over 50 million users in two years. - How AI and large language models are used to enrich metadata and improve user experience. - Strategies for personalizing content recommendations across 19 countries. - The development of specific user personas to target diverse audiences. - How TelevisaUnivision balances free and premium tiers in their streaming service.
Key Takeaways: - AI-Powered Recommendations: Michael highlights the use of AI to solve the 'cold start' problem in content recommendations. - Cultural Sensitivity: He emphasizes the importance of understanding cultural nuances in creating engaging content for Hispanic audiences. - Rapid Scaling: Michael discusses the challenges and strategies involved in building and launching a streaming service in just 9 months. - User-Centric Design: He explains how ViX tailors its interface and content to cater to both traditional TV viewers and modern streaming users. - Product Management in Media: Michael shares insights on adapting product management principles from tech to the media industry, drawing parallels between building products and his passions for music, yoga, and cooking.
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