The hosts share their experiences at MIP and explore the industry's mood amidst challenges. They dive into the rise of platforms like Roblox and the impact of YouTube on monetization strategies. The discussion highlights successful transitions from traditional media to digital realms and emphasizes the powerful influence of new media figures like the Sidemen and Mr. Beast. They also address the urgent need for collaboration and engagement with young audiences to navigate the shifting dynamics of children's media.
The podcast underscores the need for the children's media industry to innovate monetization strategies amid shifting consumption patterns and market challenges.
Participants discuss the transformative role of AI in content production, highlighting the need to balance technology with human creativity for storytelling.
Deep dives
The Impact of Changing Content Consumption
The podcast discusses the significant shift in how children and young people consume media, transitioning from passive viewers to active participants. The panel emphasized the rise of participatory media platforms like YouTube and Roblox, which allow kids not just to watch content but to create and share their projects. This shift necessitates a new approach to storytelling and brand development, moving away from traditional broadcasting models towards diverse, engaging, and interactive formats. By embracing this participatory culture, creators can better connect with their audience and adapt to their evolving expectations.
Embracing New Business Models
Discussions in the podcast highlight the necessity for the children's media industry to adapt new business models in response to changing viewer behaviors and market saturation, marked by the 'end of Peak TV.' The insights shared during the panel focused on successful strategies from various participating entities, such as Roblox, which emphasizes collaboration and innovation among creators. Participants recognized the importance of diversifying revenue streams, including microtransactions and limited editions, to capitalize on interactive platforms while steering away from reliance solely on traditional television models. This approach encourages a more dynamic and resilient media ecosystem that can respond to shifting audience demographics and interests.
AI's Role in Content Creation
AI was discussed as both a potential challenge and an ally in content production, with emphasis on its capability to streamline processes without replacing human creativity. The podcast highlighted concerns about AI's impact on job security in the creative sector, while stressing its benefits in cost management and enhancing productivity. By automating routine tasks, AI can empower creators to focus more on imaginative aspects and high-level decision-making. As a result, the industry must strike a balance between leveraging AI technology and preserving the essence of human creativity essential for compelling storytelling.
Understanding Monetization Challenges
The podcast addresses the complexities of monetization on platforms like YouTube and Roblox, revealing that content creators face difficulties in generating sustainable revenue. A historical perspective on past monetization models indicates that new regulations and platform changes have adversely affected profitability for children's content creators, making it harder to monetize without traditional broadcasting deals. Insights revealed that many emerging creators must adapt to a landscape where their financial success relies on their ability to connect and engage with their audience effectively. This demonstrates the importance of having a diversified and transmedia approach to brand development, ensuring a presence across multiple platforms to cultivate a loyal fanbase.
The Kids Media Club hosts, Jo, Andy, and Emily caught up after their time at MIP in Cannes to share their impressions. The market has been pretty gruelling for the industry so what was the mood like? Were producers buoyed by Can-can attitude at Cannes, or were they feeling more can't-can't? Is there a growing acceptance of new platforms like Roblox? Is it feasible for entertainment producers to use the immense popularity of Youtube to cash-flow their series?
Get the Snipd podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share & Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered podcast player
Listen to all your favourite podcasts with AI-powered features
Discover highlights
Listen to the best highlights from the podcasts you love and dive into the full episode