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Navigate the Future Blog

by Dave Van Dyke, President
Bridge Ratings Media Research

Video: The Future of Podcasting?

Dave Van Dyke May 28, 2024

The pivot to video podcasts is a strategic move by content creators and publishers to tap into the growing trend of video consumption, particularly among younger audiences. This shift is supported by data indicating that video content has a strong appeal to younger demographics, who are increasingly discovering new content through social media platforms.

Here’s a deep dive into why video may supercharge podcasting:

1. Enhanced Engagement: Video podcasts offer a more engaging experience compared to audio-only formats. The visual element can help to capture and retain the attention of viewers, especially when it comes to storytelling or demonstrating concepts that benefit from visual aids.

2. Social Media Integration: Video clips from podcasts can be easily shared on social media platforms, which are predominantly used by younger audiences. This not only helps in discovering new voices and creators but also serves as a gateway for potential new listeners to the full podcast

3. Increased Accessibility: Video podcasts can be more accessible to people who are deaf or hard of hearing, as they can include subtitles or sign language interpretation. This inclusivity broadens the potential audience base

4. Monetization Opportunities: Video content opens up additional revenue streams through video ads, sponsorships, and platform-specific monetization features, which can be more lucrative than traditional podcast advertising.

5. Listener Preferences: Data shows that there’s a substantial increase in podcast listenership over the last decade, with 49% of Americans ages 12 and older having listening to a podcast in the past month. This figure has remained relatively constant since 2020, indicating a solid listener base that could be further expanded with video content

6. Market Trends: The podcast industry is witnessing a growth in the number of listeners, with projections indicating that over 504.9 million people worldwide are expected to listen to podcasts by the end of 2024. On average, listeners spend around 7 hours per week on their favorite podcasts, and the popularity of comedy and true crime podcasts has increased rapidly over the past few years

So, the pivot to video podcasts aligns with the evolving media consumption habits and preferences of younger audiences. It leverages the visual nature of social media platforms to enhance discovery and engagement, offers greater accessibility, and provides new monetization avenues for creators. As the podcast industry continues to grow, integrating video content could indeed supercharge podcasting and attract a broader, more diverse audience.

But there are challenges to a video pivot.

1. Technical Complexity: Video production requires a higher level of technical expertise compared to audio-only formats. Podcasters need to be proficient in video recording, editing, and streaming technologies.

2. Increased Production Costs: Video podcasts can be more expensive to produce. They often require additional equipment like cameras, lighting, and editing software, which can be a significant investment.

3. Time-Consuming Process: The process of creating video content is generally more time-consuming. It involves shooting, editing, and post-production work, which can be daunting for creators who are used to audio-only formats.

4. Platform Dependency: Video podcasts may rely heavily on platforms like YouTube or social media for distribution, which can be a double-edged sword. While they offer a large potential audience, they also come with platform-specific rules and algorithms that can affect visibility and monetization.

5. Audience Expectations: Shifting to video may alter audience expectations. Listeners who are accustomed to the intimacy and flexibility of audio might not transition to video, especially if they consume podcasts while multitasking.

6. Content Saturation: The internet is already saturated with video content, making it challenging for new video podcasts to stand out and capture attention in a crowded market.

7. Accessibility Concerns: While video can be more inclusive for some, it can also present accessibility issues for others. Ensuring that video content is accessible to all, including those with visual impairments, requires additional resources like captioning and descriptive audio.

Despite these challenges, many podcasters find the pivot to video worthwhile due to the potential for increased engagement, audience growth, and revenue. It’s a matter of balancing the benefits with the challenges and finding creative solutions to overcome them.

← The Symbiotic Symphony: How Music Streaming Complements RadioThe Allure and Appeal of Podcasting →

How On-line Playlisting Can Save Music Radio

For music programmers who have been utilizing on-demand streaming data to properly align their on-air music with true music consumption, here's some news: Playlisting has become the dominant way most music fans listen.

At Bridge Ratings we have been tracking music consumption through on-demand streaming services for over four years. We now share this data with our music radio clients seeking to properly align their on-air song exposure to their listeners' actual consumption.

In a typical year we process and analyze hundreds of millions of streams from across the U.S. and, more specifically, by market and station.

Over the past three years we have undertaken an analysis of music streaming consumption and learned almost immediately in the fall of 2015 that playlisting plays a significant role in the way the average person consumes music through on-demand streaming platforms.

Playlist is a term to describe a list of video or audio files that can be played back on a media player sequentially or in random order. In its most general form, an audioplaylist is simply a list of songs, but sometimes a loop.

What We've Learned

[More...]

Read the full article in the Navigate the Future Blog.

For further information or advisement contact Dave Van Dyke:  dvd@bridgeratings.com  |  (323) 696-0967

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