News

How the market is redefining video entertainment for millenials

How the market is redefining video entertainment for millenials

As part of Casual Connect Europe 2016, Arnd Benninghoff, CEO of MTGx Digital Ventures, gave a talk on redefining video entertainment for the millennial market.

He started by identifying some celebrities that millennials like, including YouTubers PewDiePie and KSI, which is likely because of millennials interest in watching online videos.

This "new breed" of creator is now on par with the traditional TV production company, because, as Benninghoff says, "the story is compelling and resonates with the audience."

Moving out of the parent's basement

Millenials are also worth advertising to, he says, because they are actually a richer market than most consider, with 53% in full-time employment, and 30% being top earners.

But Benninghoff sees an opportunity here with eSports, a sport that is "already rivalling traditional sports" for viewership, and appeals to the millennial market because of its online nature.

The content producers are swiftly becoming multi-channel networks, and working together to reach even larger audiences of millennial audiences.

Don't smother them

So Benninghoff suggests that eSports will grow by working with these content producers, which will lead to growth in the market.

But he also warns that when working with this new breed of creator, you shouldn't "kill them" with your corporate message, and should instead give them the space to make what they want, as they know their audience better than you ever will.


Editor

Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.

Comments

No comments
View options
  • Order by latest to oldest
  • Order by oldest to latest
  • Show all replies