What Happened
Today marks the third day of the 2016 Mobile World Congress, where plans for 5G network have been dominating the conversation. Companies like Intel, Nokia, and wireless equipment supplier Ericsson all revealed their plans to push for the new wireless technology. Ericsson said it would start 5G radio test-bed trials this year, but pegged the full commercial roll-out of the networks at 2020. As more and more connected devices and data-rich personalized services become available, the demand for faster and more powerful networks will only grow.
Besides the developments in IoT, another driving force behind the push for 5G networks is the increasing consumption of mobile video. A 2015 study from the IAB confirms that 35% of viewers are watching more video on their smartphones, and they prefer to watch videos in apps rather than on the mobile web. Therefore, it is no surprise that Buzzfeed, the leading site in creating viral videos and branded content, announced at Mobile World Congress yesterday that it is launching a mobile app for binge-watching Buzzfeed videos. Available for both iOS and Android, the app currently carries no ads, but Buzzfeed says it plans to roll out native advertising down the road.
What Brands Need To Do
As digital video continues to draw consumer attention away from linear TV content and print media, brands must follow the eyeballs and start developing fun or useful branded video content to engage the audience, and take full advantage of the mobile video boom to reach customers. One way to do so is working with experienced publishers like Buzzfeed to create branded videos and distribute them through their content portals. But thanks to the field-leveling power of streaming platforms, where branded video content can live alongside traditional media content, brands can consider developing their own video apps as well.
To read more on how brands can reach viewers on mobile and OTT platforms with branded content, please check out the Appified TV section in our Outlook 2016.
Header image courtesy of mluxurystyle.com
