“Today, full motion video is taking over from text and images as the mainstream communication medium of choice. Streaming is available to the person on the street with a smartphone almost as easily as it is to a TV broadcaster. Anyone can become a professional broadcaster in minutes. But there’s more to it than just pressing record on a smartphone. To maintain tight control over the viewer experience, there are decisions to be made regarding the cost of distribution, video quality and reliability of systems being used,” said Dan Castles, President and CEO of Telestream in the run-up to IBC 2016. “Having these controls and building viewship of their own website and app are the keys to profitability in streaming video for broadcasters and content owners.”
This year in particular, IBC is a showcase of the latest technology and business developments in all parts of the streaming landscape. Throughout the RAI Convention Centre’s halls, many of IBC’s exhibitors will respond to rapid changes in consumer media consumption patterns with an emphasis on live and on-demand streaming.
But is this change within IBC keeping pace with market drivers? Mobile technology is evolving at a staggering pace: it is predicted that by 2017, over a third of the world’s population are projected to own a smartphone, which is an estimated total of 2.6 billion smartphone users worldwide** – most of whom will be hungry for high quality live and pre-recorded video content.
The impacts of these market changes are illustrated in Europe by the UK regulator, Ofcom’s, 2016 report on Adult Media Use and Attitudes. It shows there has been a considerable rise (from 6% in 2014 to 16% in 2015) in the proportion of adults who only use smartphones or tablets to go online, and not a PC/laptop. In other words, these newer devices are not just supplementing PCs/laptops, but are replacing them. This pattern is seen across all ages, socio-economic groups and genders, but is particularly marked among newer users and younger people.
There is an increasing usage of mobile phones beyond more traditional media devices. From 2005
- 2014, adults were most likely to say they would miss their TV set the most. Now mobile phones are the most-missed media device. The smartphone is also the device mostly used for social media and is the preferred device for the majority of online activities. Adding the increased usage of mobile devices to the existing laptops, streaming devices and smart TV’s means more screens overall are involved in streaming and more endpoints need to be served. The scale of streaming continues to go up, and there is no sign of it slowing any time soon.
“In this environment, IBC’s core audience needs to make the right decisions and back them up in their business models. Content streaming – both live and on demand – provides broadcasters with access to potentially new revenue streams, through consumers watching high quality content on their favorite devices,” Castles comments.
He believes that for those organizations seeking to exploit the potential offered by streaming, there exists the technology today for them to effectively build a scalable and profitable streaming business that complements their traditional broadcast operations. They can build their audience by using video on social media, for example, to drive traffic to their channels. They can effectively control the cost of distribution of streaming content, its quality (right up to 4k) and the reliability of the stream to make it comparable to TV broadcasts. Ultimately, organizations can maximize monetization of the new streaming audience.
According to the 2016 Big Broadcast Survey Global Trend Index from Devoncroft, the most commercially important issue over the next 2-3 years is multi-platform content delivery (broadcast, web, mobile, etc.). The big question is whether the industry is ready to make the required choices to address this issue. “For example, one of those decisions I spoke of earlier is whether or not to use a third party CDN to distribute content.” Castles remarked. “For some, having distribution in house, a do-it-yourself CDN if you will, is required for their viewer satisfaction and for their business; for others using an external CDN provider works just fine. By the way, Telestream solutions support both cases.“
“If we acknowledge this revolutionary change in consumer preferences and adopt a very different approach to multi-platform delivery workflows, the broadcast industry is able to take advantage of the most tremendous opportunity of our generation.”
Telestream has been active in the live streaming market since 2008 and it has been developing systems and platforms based on IP video since 1998. The company has more than 60,000 active licence holders for its Wirecast production and streaming platform. At IBC 2016, Telestream (stand 7.B26) will provide European debuts for two strategically important products for enterprise class streaming applications – Lightspeed Live Stream (live multiscreen encoding, packaging and delivery) and Lightspeed Live Capture (video capture & processing).
“With our experience and releationships Telestream is uniquely capable in streaming. We have solutions for building audiences online as well as preparing and packaging streaming video to be monetized on content owners’ websites and apps. At IBC, we are keen to talk to broadcasters and service providers who seek to address the tremendous opportunities presented by live and on-demand streaming,” concluded Dan Castles.
**- source: Stastista, 21 June 2016
Telestream provides world-class live and on-demand digital video tools and workflow solutions that allow consumers and businesses to transform video on the desktop and across the enterprise. Many of the world’s most demanding media and entertainment companies as well as a growing number of users in a broad range of business environments, rely on Telestream products to streamline operations, reach broader audiences and generate more revenue from their media. Telestream products span the entire digital media lifecycle, including video capture and ingest; live and on-demand encoding and transcoding; captioning; playback and inspection, delivery, and streaming; as well as automation and orchestration of the entire workflow. Telestream corporate headquarters are located in Nevada City, California. The company is privately held. For more information, visit www.telestream.net.