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Internet TV -- Is it Time?

It will be interesting to watch the growth curve of Revision3 Corporation, from the founders of Digg. They are trying to create a true internet TV station, featuring original content, podcasts, video blogs, etc. Of course, it's getting a bunch of buzz, both on Digg and in the rest of the world. For context, the "Diggnation" show is downloaded about 250k times per episode.

On the other hand, see what Craig has to say about the relative success of the Disney downloads on iTunes. Wow, huge success, right? Well, hmm.

What's the lesson here in both cases? The media tends to over inflate the "success" of new ventures and undercount the impact of established business models. If "Diggnation" were on a national cable or broadcast feed, would 250k viewers be seen as success or the road to to cancellation? You decide....

Published Wednesday, September 27, 2006 8:56 AM by FrankShaw

Comments

 

Jason said:

250k for a niche content show in technology is HUGE. G4 TV/Tech TV would have 10-50k folks watching on a regular basis.

diggnation prob. has 1/3rd that number watch each show... so, 75k folks watching is just amazing.

75k x $50CPM x 50 shoes a year = great money.
September 28, 2006 4:32 PM
 

FrankShaw said:

Jason, you are totally right -- but is Diggnation going to stay a niche tech show?
September 28, 2006 8:07 PM
 

giafly said:

Media is kind to new ventures that don't compete. "Diggnation" is not a success until they run the first "threat to children" story about it.
September 29, 2006 6:52 AM
 

Andrew said:

Considering they make 50-100 grand a week on almost zero investment, then yes, it's a HUGE success.  

DL.TV, TWiT and Revision3 are all pulling bigger numbers than TechTV every had.  The shows are accessable worldwide by anyone with an Internet connection, and they bypass the big media chokehold -- Awwww.

September 29, 2006 9:25 AM
 

Joe Coughlin said:

I've decided. And it depends on which direction the barometer is going. If it's 250k viewers and falling, it would be failing. If it's 250k viewers and rising...get on the bandwagon.

For an emerging technology (pod/netcasting) and a niche show? A quarter of a million pairs of eyeballs is amazing. Soon, they'll be matching and exceeding the primetime ratings of MSNBC. Is anyone cancelling MSNBC? Is Keith Olbermann on the way out? No, of course not. His ratings, though lower than Bill O'Reilly, are increasing, especially in the money demo.

I'm sure they've already get more viewers each week than Rose's previous employer G4. So the real question is this...if you're a tech company, why would you buy on G4 and not on any Rev3 shows? Early adopters are watching Rev3, not G4. Cool is being decided there.
September 29, 2006 9:38 AM
 

Peter Pap said:

"Jason, you are totally right -- but is Diggnation going to stay a niche tech show?"

Diggnation is, yeah sure, that's the whole point of the Revision3 umbrella.  It allows them to expand into other shows without having to break that niche for their current shows.

Sure that doesn't imply the same sort of "success" that Diggnation has.  I think that's the good thing about IPTV, it's a lot more easier to take risks.
September 29, 2006 9:59 AM
 

Jared Mehle said:

250k downloads does not equal 250k viewers. These are only the downloads you can count. There are sites (namely diggdown.net) that redistribute Diggnation. There's also people who download diggnation, burn it to a CD and bring it over to a friends house to watch on a TV. The point is, you can't really make any assumptions about the success of the show based on the number of downloads. I'll give you that there's not really much else to go on in this space, but I don't think you can say Diggnation is a success or a failure based on those numbers either.
September 29, 2006 10:03 AM
 

Jim Louderback said:

Traditional cable channels require a tremendous amount of overhead, from satellite transponders to highly paid cable sales execs that wine and dine Comcast and Cox.  And don't get me started on the talent....

These new internet-based shows are attracting a loyal, passionate audience that's learning something and being entertained in a different way.  It doesn't have to be "Survivor" type audience numbers to be successful.  What it does need, however, is an easier way for advertisers to buy across all the shows in a predictable and reportable way, so that they don't have to track and verify a thousand different tiny ad insertions.  And it needs some sort of way to guarantee how many eyeballs actually watched.
October 3, 2006 5:27 AM
 

FrankShaw said:

Jim, you make a great point -- in some ways, the infrastructure is super young. What will make things really take off is when the big advertisers have the confidence in the reporting to really dive in.
October 9, 2006 7:30 AM
 

Lawrence Davis said:

I wasn't aware there was an internet TV station.  I thought the only "TV" that existed were regular TV, cable TV and satellite TV

http://www.1-satellite-tv-facts.com

March 7, 2008 1:01 PM
 

Paul Loving said:

This article about Internet TV is very interesting.  Thanks for sharing.

http://www.1-satellite-tv-facts.com/Direct-TV.html

http://www.1-satellite-tv-facts.com/Dish-Network.html

May 22, 2008 6:53 AM

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