As the second day of the Always On & ETC OnHollywood conference draws to an end – on this day I gathered a few great nuggets of interesting info as the event took a peek into the future.
Some of the take-aways included:
- The Economy is Coming Back-The conference featured several Los Angeles based equity investors with available money to support business opportunities. There is VC money not just in Orange County, but also in Hollywood! That’s good news for all. Apparently, the Silicon Valley is the best hotbed for engineering talent, but LA has a diverse workforce to pull from. LA is a great place for starting up companies in gaming, Internet, analog and content. Not a great place for enterprise. Another tip is stay local for your investments.
- Mine! Mine! Mine! - Yeah, it still appears that large content corporations want to keep their product on their own portals and are not willing to give it to distribution partners outside their walled gates. They call this managing their exclusives. I am not a fan of this practice, but corporately I understand it.
- Smarter is Better - Yesterday I learned that all life will be done on our mobile phones, but today I heard about Smart TVs that include a hard drive and include widgets and apps. Not only will our TVs get more robust, but I love that web content producers are cutting deals directly with smart TV hardware companies to provide their content. This new approach bypasses the service provider. What an amazing shift and change.
- No More Flops - As someone who worked in the online gaming space for a number of years, I was blown away to hear that online gambling will soon become legal in this country. I never thought the day would exist and I’m not sure how I feel about it. I mean I know there are ways that people have gone around these laws and have gambled online…but, opening it up means that more people will be able to lose whatever money they have. I believe that when this happens there will be another surge in popularity of online poker.

Do you think it will be good idea to legalize online gambling?
- It’s Not About the Money - I was excited hearing that web broadcast is a hard business and that if you’re in it for that reason, then that’s not the right reason. We can’t assume that the traditional broadcast model should be applied to new media. It’s apples to oranges. They are radically different. We are in the pioneer stages and it’s a wild, but adventurous frontier open to all.
- Social Role Model - I’ve been meeting superstars in new media on a regular basis, but I haven’t met a female yet whom I thought was a definite rock star. Justine Bateman blew me away today. She possesses the same philosophies as I do and had me captivated and in awe with this answer. She told a person in the audience that just because you aren’t getting traction pitching cable development executives, doesn’t mean that you should pitch online distributors as a default. She said you should pitch online if you live online. I so agree. I always say you shouldn’t hire a social media/pr consultant unless they practice social media themselves.
- Branded Entertainment - Well, there’s no way it’s going away on broadcast nor web. Drats. The motivation is too great to not employ these techniques online as well. In web, they see it as brand extension. It’s about efficiency, reach and deliverables. It is just in the infancy and it has tremendous growth.
- Kangaroo TV – Steve Ross, owner of the NFL Miami Dolphins apparently gives a interactive hand held device to some of his season ticket holders that allows them to see different camera angles to the game as well as watch the other NFL games going on at the same time. What a game changer. Brilliant idea Mr. Ross.
- In-Home – You will start hearing this phrase more and more (In Home) entertainment. What this means is that is that this phrase means content provided to you at home via another service other than your cable company. Also, keep an eye out for web content to be on their VOD channels as well. How cool will that be!
-
Tony Perkins – I want to send a giant thank you to Tony Perkins, Founder and Editor of AlwaysOn, and his entire team for organizing this conference as well as the others. He webcasts each one and for those of us who are not able to travel or pay for these cutting edge and topical conferences – this is a priceless gift. I know I am smarter because of these conferences and more knowledgeable about areas I would have never been exposed. So from the bottom of my heart, thank you for the opportunity.

The Open Media Revolution is Over: Are We Better Off? Session (L-R) Jonathan Aronson, Tony Perkins, David Wertheimer






