Apple created such a buzz around the launch of its latest hot product -- the iPad -- two weeks ago that sites and services all over the net slowed to a crawl and some suffered outages for upwards of 20 minutes. At the AlwaysOn OnMedia conference in New York a few days later, Apple’s new product remained a hot topic. Consider the amount of discussion about how this new product will not support flash by participants on a single panel, “Online Video…Who Profits?”
This kind of awareness is not created solely by the Apple PR machine, but is a clear indication of the widespread interest in changing the way we as consumers experience media. The demand for a real interactive experience and a thirst for new information mean the demand for high-quality, easily licensable content has never been greater.
Just look at the impact of the iPad. Although not as revolutionary as some had predicted, Apple's 10-inch touch screen iPad tablet packs a mighty punch. Along with the ability to surf the Web and handle email, the device can stream video from sites like YouTube and Vimeo and is capable of running powerful applications like iWork. In addition, Apple introduced iBooks. The ability to download books is nothing new, but the iPad reader app adds a fresh look and feel to the idea of reading from a digital device.
Among the print publications featured in Apple’s official demo video for the iPad were LicenseStream customer SPIN magazine and The New York Times. At launch, Martin Nisenholtz, a senior vice president at The New York Times showcased a version of the paper on the iPad that displayed just like the regular paper, but that could be manipulated by the user to zoom in to read articles, flick through pages and access video right from within news articles. Nisenholtz’s declaration that “this is just the beginning,” makes it clear that the executives at Gray Lady are embracing the iPad in a big way.
WHY DO I CARE?
Companies such as The New York Times and other large publications already use massive amounts of visual content on a daily basis. They also face the growing costs of producing this content. In addition, advances in digital fingerprinting, watermarking and tracking for online content are forcing changes in the media industry as they require greater accountability by sites and publications that otherwise might use content illegally or without proper licensing.
Demand for content will continue to grow exponentially as newspapers, magazines and other media companies form business relationships with companies that are creating new conduits to the consumer – whether it’s Apple’s iPAD, Amazon’s Kindle or Barnes & Noble’s Nook. As a result, the ability for media companies such as The New York Times to search for and easily license digital content is more important than ever. Just as important is the need of the photographer or videographer to be fairly compensated for the original content he or she creates.
ImageSpan's LicenseStream with ImageSpan's partners already provide the tools to make your digital media license-ready, and to monitor, manage and monetize unauthorized usage.
In addition, ImageSpan and its partners are making it easier for potential purchasers or your content – such as The New York Times – to monetize the content they publish. Instead of relying solely on advertising – which is a reactive model as ImageSpan CEO Iain Scholnick pointed out during a recent AlwaysOn OnMedia conference panel in New York titled, “What's the Online Monetization Strategy that Will Save News & Publishing?”, content creators and owners should play to their strengths – which is leveraging their creative content more efficiently and effectively. To actually monetize the content, he added, content developers need to be able to link into a licensing backbone, such as the one LicenseStream provides, from any iPad (or for that matter, iPhone) applications they’re creating to distribute content.
The upshot? LicenseStream offers content owners of all sizes a powerful solution that makes it easier for editorial and other media companies to find and license the content they need.