Brian Solis 1st blog of the year was really rich fodder for me. Not only did I get the “Every Company Participates” post from it, but I also want to draw off something else he cited…the Center for Marketing Research’s Finding that use of video by the Inc. 500 actually fell from 45% penetration to 36% penetration in 2009. Some other categories also fell. For example, podcasting went from 21% to 12% (seriously, who listens to podcasts? I tried. Once. What a ridiculous idea), but that video would fall so dramatically was definitely breathtaking. What does it mean? Especially what does it mean when I know that we (EXPO) had a great year and I know that other video companies also had great years.
What it means is that video is hard. As in non-trivial. As in “can’t wake up this morning and decide that we’ll do video and be done by nightfall” hard. As Jeremy Allaire said in AllThingsD and then repeated in VideoNuze, one of the themes of online video has been the thought and desire of companies to do it themselves versus partnering with the Brightcoves or EXPOs of the world. The good news (as a vendor) is that people eventually realize just how hard it is, the hard part is that it takes a while to come to that realization.
Note also the sample they analyzed: the Inc. 500 are the fastest growing private companies in the US . Do I believe that the challenges of doing great video got to be too much for 10% of that group to take on during the nuclear winter of 2009? Heck yes. Does that say much about the Fortune 500? Or even the Inc. 500 in a more longitudinal sense? No, I don’t think it says much.
Which gets us to the punchline. Which is that video isn’t going away (unlike podcasting). Seeing is believing. It isn’t a question of whether media shifts toward video, it’s merely a question of how much and what forms and formats ultimately make the most sense.