OTT Beyond Core Offerings

OTT apps began mainly as online destinations for catch-up TV. These days they desire to upgrade themselves to super apps that combine entertainment of all kinds on one platform. The core offering of these video streaming platforms were originals, TV shows and movies. They have now introduced gaming to their platforms. It’s a bouquet of HTML5 hyper-causal games. Hotstar has WatchNPlay to accompany cricket enabling viewers to predict the result of every ball and win rewards with the right answers. Voot has brought educational content to the platform. They may introduce hyper-short form of user generated content and hyper-local news too. They may introduce health and wellness-related content too.

Screen-agnostic Content

Big Boss is popular reality show on TV. However, it has a good digital fan base too. Many consume it on OTT channel. Voot will screen it this season (2021) before it gets screened on Colors. It will be six weeks ahead of the TV broadcast. It will not be a 1-hour episode. It will be screened as curated clips, live and fully interactive. These will be screened round the clock. These will be fully interactive, and will influence the decisions in the house.

India has a good potentia for TV. Here the future of TV is TV, at least for the next five years. There are no chances of cannibalisation of the programmes. Thus India offers an opportunity to create content that is screen-agnostic.

The trend is to be digital first. The lines between digital and TV are blurring. The aim is to deliver entertainment.

A new age quiz show is planned. It will be suitable for TV, social media and OTT. Thus for some programmes, there will be integration. For some programmes, there are going to be spin-offs of the TV programmes.

OTT Content

Digital content is created specially for young viewers, e.g. Myntra Fashion Superstar. The team had experience of creating content TV. They had to curate a programme that could be viewed and then acted upon within the app ecosystem. Reality content for digital has to be curated differently from TV reality shows. People do not want to watch a digital show that looks like the TV show recreated for digital.

Digital viewers want bold, edgy, youthful and trendy content. They look for engagement and interactivity.

Unscripted shows for digital is a growing trend. There is massive opportunity for non-fiction content for digital platforms.

There is demand for both scripted and unscripted content.

The cost of a TV show which on average runs for 25-30 episodes per season cannot be compared to an OTT show which has fewer episodes, say 8-10. An OTT show’s cost per episode is higher. It could be 2-3 times more than that of a TV episode.

Video on Demand (VoD)

India happens to be the fastest growing OTT market. Boston Consulting Group (BCG) estimates it to reach $5 billion by 2023. Video-on-Demand is a boon. India was so far denied the global best content. VoD is an answer. Traditional TV is passe.

OTT platforms are successful in putting their act together. OTT, to begin with, was a niche player, offering live sport to the younger segment which otherwise was not available on TV. It has a massive reach now. It has witnessed 15 per cent growth year-on-year. The growth could reach 21 per cent. The OTT players now touch diverse genres. Is this just a flash in the plan or is it going to stay? OTT viewing is both individual and group-led. Streaming is much more than live sports today. It has entered all geographies of India. There is pay-per-view model. There is download to rent model (DTR). There is electronic sell through (EST) model.

So much of cinema content was diverted to OTT. It gave it a big fillip.

These platforms are here to stay.

Content That Connects

Content creation is not easy. Creating content that connects is more difficult. Content that inspires is rare. Your content must establish relationship with the audience.

Most content struggles to engage the audience. Being mediocre, it is lost. Content generators may not be creative geniuses. They should understand human behaviour. They should understand motivation. This should be the foundation of content. We must focus on key insights. We must know what a customer responds to. HDFC Life Insurance has successfully used meaningful conversations with its audience segments. It allows people to share their stories — stories of loss of the loved ones. Audience is allowed genuine conversation by interactivity.

Content must tell a story. Story could be a grandma story or a meme or a video. What matters is the quality of the story and its narration.

Content Firm

Content firms have evolved from a variety of other firms such as media firms, movie business, entertainment firms and others. Content is a generic term that covers a TV show, a film, music, a book or an article. It covers videos, make-up tips or cuisine recipes. Content dehumanizes a movie or a song, but gives clarity. It attracts audiences. Content is usually well-researched journalism that earns remuneration and drives audiences across the media. Content takes us away from negativity associated with print media that is shriveling and shrinking in the West. Content is media-agnostic. Content promotes cross-media interactions. Even non-media firms are getting into content, e.g. delivery firms, telecom firms and retail firms.

Digital Content Pays

There is so much going on in the field of creating digital content. We have already studied influencer marketing. A lot of companies do the brand promotion through digital content.

Social media keeps on adding features to lure the content creators. Exciting new features which are lucrative are being added.

Facebook, Instagram and YouTube facilitate digital content.

The five main purposes of digital content are to generate ad revenue, to do brand placement and-or sponsorships, do affiliate marketing and do merchandise and crowdfunding.

In India, 70-80 per cent of all data is on video.There is widespread consumption of online video. The short form content has huge demand, e.g. Reels.

Instagram has recently launched Reels to allow people to mix in other people’s Reels in their original posts.

Content could pertain to entertainment, food, beauty, comedy, lifestyle, technology, vocational skills, gaming, education and learning, business and communication. It is interesting to note that first of all those who created comedy tasted success.

Social media pay to content creators by counting number of times ads are shown or on the basis of number of clicks. It may not depend on the number of followers.

There are a number of revenue sources for content creators. There are brand collaborations, paid partnerships and through the channels, say YouTube pays creators after they qualify certain number of watch hours and subscriber counts.

Instagram does not pay the content creators directly. Revenue comes from branded endorsements and sponsored posts. Facebook pays in a similar manner. TikTok creators with 1 lac followers are paid per 1000 views through Creator Fund.

YouTube’s first Me at the Zoo video was produced in 2005 by its founder Javed Karim. It registered 171 million views.

Ten years, later, say in 2014, there were 16 YouTube channels which had crossed the million subscriber mark.

Currently in 2021, there are 2500 channels on YouTube with one million plus subscribers.

Indian music labels, such as T series have 187 million subscribers.

In the top viewed 20 channels in the world, top five are from India.

Of course, there is constant pressure on creators to create new content. Many a time, the content could show obscenity, racial slurs and could lead to gaming addiction.

Digital Privacy : Battle Royale

How is the Internet going to pay for itself? This question has raised its head for decades.

Internet’s lifeblood is advertising. Some 20 years ago, there was an upheaval in advertising industry. The traditional media such as newspapers and magazines were emasculated by Internet. TV advertising too was threatned to be dislodged from its primary position as the advertising of choice for reaching large audiences.

Brands made their presence felt by digital advertising across the websites. The added advantage was precise targeting of these ads by considering the specific interests of people.

Social media expanded rapidly giving the widest possible reach. People could use the social media without paying any cost. In return, people were tracked by using technologies such as cookies. Their personal data was used to do target marketing and advertising. It resulted into a $350 billion digital advertising industry.

However, digital privacy has been assaulted. The world was becoming privacy-conscious. Apple introduced a pop-up window for iPhones in April 2021 asking people for their permission to be tracked by different apps. Google came out with a plan to disable tracking technology in its Chrome web browser. Facebook has engaged their engineers to develop a new method of showing ads without relying on their personal data.

Personal information is thus sacrosanct. What is the alternative? How to survive in a privacy-conscious internet world? Maybe, people should pay for the internet content by way of subscription fees. Actually we have to decide the nature of the web.

It will reduces to the issue of how much ad tracking should be dialled back. Apple phones are premium products, and its customers must have the right to block tracking. Google calls this a privilege to Apple customers. Internet may look different to Apple customers.

Free and Open Source Software (FOSS)

Open source software design is publicly accessible. People can modify and share this software. Open source has source code which anyone can inspect, modify and enhance. It is a specific approach to create computer programmes.

An organisation that creates proprietary software maintains exclusive control over it, and only it can modify it. It is thus closed source software. Legally, original authors can copy, inspect and alter that software. Users agree to this by signing.

Open source is thus free to use software for any purpose. It is under copyleft (as against copyright) license. However, when it is modified, modified code accompanies original code. It promotes collaboration and sharing.

Open source software benefits both programmers and non-programmers. Most of Internet is built on open source technology, e.g. Linux operatin system, and Apache Web Server application.

Remote computing is cloud computing. It is a combination of local devices and network of remote computers. Cloud computing apps run on top of additional software and underneath as a platform for these apps. Cloud computing platforms can be either open source or closed source.

Open source software companies earn their revenue by charging for software services and support. It is a better proposition than charging for software as a product.

Open source software is distributed with source code, e.g. Mozilla Firefox, LibreOffice, GIMP, VLC media player, Linux and Python.

Open source Operating System’s source code is visible publicly and editable. MS Windows, Apple’s iOS and MacOS are closed source operating systems. Linux, FreeBSD and Open Solaris are open source operating Systems.

GitHub

Microsoft acquired GitHub in 2018. This company was founded in 2018. It is the costliest acquisition at a price of $7.5 billion. It is a provider of internet hosting for software development and version-control using Git. It is on this platform that most open source projects and collaborations happen. It is a watershed moment for opensource software for Microsoft to acquire GitHub.

Git is Global Information Tracker. It keeps track of your source code history. It tracks changes in any set of files used for co-ordination among programmers collaboratively developing source code.

GifHub is a cloud-based hosting service that lets you manage Git repositories. It carries open source projects that use Git. Original Git code base is entirely written in C.

GitHub archive was introduced in July, 2020. Users browse public repositories. Only registered users can contribute content to repositories. It offers unlimited private repositories at no cost since 2019.

All core GitHub features are free for everyone since 2020.

The fundamental software is Git itself. It is written by Linus Tovalds, creator of Linux. The additional software providing interface was written by Wanstrath, Hyett, and Preston-Werner.

GitHub’s main purpose is to facilitate version control. There are pull requests to propose changes to the source code. There are tracking aspects of software development.

Users can see the changes and approve them. It is called committing. A history of commits is kept.

The competitors of GitHub are Bitbucket, GitLab and SourceForge. Its mascot is Octocat with five octopus-like arms.

Red Hat

IBM acquired Red Hat, one of the biggest open source technology companies. It is enterprise open source solutions, including Linux.

Red Hat deals with storage, operating system platforms, middleware, apps, management products and support and consulting services.

It creates, maintains and contributes to many open source projects. It earns money by selling services.

Red Hat is CLI-based. For beginners, Ubuntu is easier and more convenient.

Red Hat is here since the dawn of Linux era. Its focus is on business apps rather than consumer use.

Google Cloud has built hybrid cloud with Red Hat. Since November 2013, it is Red Hat Certified Cloud provider.

India has the second largest number of developers. There are many open source projects. However, very few projects originate in India.

Backend software runs on open source. It is necessary to develop FOSS eco-system. In China they focus on quality open source projects.

Big Tech in India does little to support open source developers. Webkul is developing open source projects in India.

Favourite Investment Options : Bitcoin, Ether Alternatives

Many lesser known cryptos have become favorite investment options. The lead has been provided by Bitcoin and Ether. The third largest digital asset is now Cardano. There is added interest in Binance and Avalanche. Experts fail to identify the precise cause for the frenzy for crypto assets. Maybe, enhanced liquidity. There are powerful narratives around Cardano and Solana. The falling interest rates all over the world and returns the cryptos generated during lean times are the causes for buying cryptos. There is inflationary pressure too as markets reopen. The interest in alternatives to Bitcoin and Ether or altcoins is significant. Trading volumes have gone up. The Bloomberg Galaxy DeFi Index has gone up. Formerly stocks were bought as a hedge against inflation. These days cryptos too are a hedge against inflation.