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How New Balance Builds Brand Equity
AdExchanger |
Although athletic apparel manufacturer New Balance makes more than $4 billion in annual revenue in 130-odd markets, it doesn’t share the same name recognition as competitors like Nike, Adidas or Under Armour. “We found through market research that in most of our markets globally, consumers are aware of us, but they weren’t considering us because… Continue reading »
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Subscribe to Digiday’s new video briefing
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Digiday Research: Subscriptions dominate ads in OTT revenue models
At the Digiday Hot Topic: Future of TV event earlier this month in New York City, we surveyed over 60 media, TV and advertising executives from major companies to better understand the over-the-top landscape. Check out our earlier research on top-performing OTT and online TV services here. Learn more about our upcoming events here.
Quick takeaways:
- Just over half of respondents, 56 percent, think legacy media companies and TV networks will sell or license their content rather than make their own OTT channels.
- Respondents were split on whether multitier subscription plans or low-cost subscription plans with advertising will be the most successful business model.
- Customer acquisition should be the highest priority for OTT services, according to respondents.
Creation vs. selling
The growth of OTT services has sparked a bidding war between Netflix, Apple, Hulu and HBO among others as they all look to spend over $1 billion to fund original shows or acquire licensing rights from other producers. This has put legacy media companies and TV networks in a compromising position. Do they leverage their existing content to create an OTT product, or do they sell or license their content to an existing OTT platform for a fee? According to Digiday’s survey, 56 percent believe selling or licensing content is the better option.
This article is behind the Digiday+ paywall.
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