Monetizable Sentiment Indices

Quick Read: Recently we’ve seen how being able to smartly parse the chatter on social media becomes valuable – especially for speculative trades. This heralds an interesting opportunity: i.e., monetising such knowhow of social sentiment, at scale.

Have you heard of BUZZ – the social sentiment ETF?

Social Media ETFs

In a previous post, we argued that there is a certain premium attached to being able to smartly parse and capitalise on the knowhow of the social media chatter on forums like r/WallStreetBets. This is best exemplified by the recently launched ETF by New York asset manager VanEck the ‘Buzz NextGen AI US Sentiment Leaders Index‘. Quoting the FT article..

The Reddit rebellion might have died down for the moment, but New York asset manager VanEck is betting that there is long term value in listening to social media chat and is launching a social sentiment exchange traded fund. The fund will invest in the stocks being most talked up on social media. (..)
Its underlying benchmark, the Buzz NextGen AI US Sentiment Leaders Index…aggregates investment-related content from social media sites such as Twitter and StockTwits, blogs and news articles. Machine learning and artificial intelligence are then deployed to attempt to “identify patterns, trends and changing sentiment which can affect market-based outcomes”. The 75 US large-cap stocks judged as having the highest degree of positive investor sentiment and bullish perception then form the portfolio, which is rebalanced monthly. (..)

The following tidbits from the interview with Jamie Wise, CEO of Buzz Holdings and the originator of the index, shed more light on some further specifics related to the ETF.

“This is not a Reddit meme stock ETF,” said Jamie Wise, CEO of Buzz Holdings. “This is about the broader conversation around stocks mentioned on social media platforms. We are using broad social media sources, principally Twitter and StockTwits.” Wise said it also uses Yahoo Finance, Benzinga and Reddit.
How to determine “social media buzz?” Wise says the index uses natural language algorithms that examines whether the comment is positive, negative or neutral, then ranks each stock based on the degree of positive sentiment and breadth of discussion. That’s key to understanding the index: stocks are weighted by sentiment, not market capitalization, and no one stock can exceed 3% of the index. It is rebalanced every month.
“We are aggregating the collective sentiment of the community” that comments on stocks on social media, Wise said.
Source

Is social media popularity a good way to pick stocks? Can stocks be manipulated on social media? Well the jury might still be out on that. But given the current dynamics, it is more likely that the larger question here might soon be skewed towards ‘when’ vs ‘if’.

Extending this thought further

If we are to extend this concept further, new opportunity pools could become evident. Start with any category where popular social sentiment matters, and you would see a monetizable product waiting to be packaged and sold. Few examples:

Sports
- Today, there are social media networks for sports gamblers like BetSperts, but if and when these networks manage to capture, index and channel the emergent sentiment on their platforms, they could very well monetise the same. (obviously this would be subject to the prevailing legal, regulatory and policy frameworks.)
- The idea: Derivatives for sports betting based on social sentiment indices built on realtime social media chatter. (BTW did you try Locker Room – the Clubhouse for sports fans, insiders and athletes?)
Music
- In 2003 iTunes revolutionised music ownership by letting customers purchase and download the music they want for just 99 cents per song. Now, how about letting the general public participate in the actual funding and co-ownership of their favourite artiste’s tracks/albums by facilitating fractional ownership à la securities on the stock market.
- The idea: Letting artistes raise funds for their album(s) through an IPO kind of offering to their fans/community. The value of these ‘stocks’ could be pegged to the sentiment/chatter/metrics on platforms like Spotify, SoundCloud etc. And we could have ‘exchanges’ that facilitate trading of these ‘stocks’ among the community. (Taylor Swift would perhaps not have to bother with her rerecordings then)

SoundCloud seems to have already taken a step in this direction by launching ‘fan powered royalties‘ last week.

Quoting from SoundCloud’s press release announcing the launch..

Fan-powered royalties levels the playing field for independent artists by tying payouts to fandom. Artists are now better equipped to grow their careers by forging deeper connections with their most dedicated fans; and, in turn, fans can directly influence how their favorite artists are paid. Fan-powered royalties reflect feedback from the independent artist community on SoundCloud who want equitable payouts, transparency, and control over their own careers.

Essentially, any context where popular sentiment (now readily available through the hose pipes of social media) lends itself to be indexed and tracked, could potentially be transformed into a monetizable opportunity to unlock value and disintermediate the equation between creators and fans.

And we might perhaps see more such opportunities becoming evident thanks to the alignment of these three forces:

the emergence/growth of platforms that democratise and aggregate media of all types on the Internet
the rapidly growing creator economy and associated ecosystems and
the rise of new modes of interdependencies between (1) and (2) connecting the users’ utility, consumption and communications patterns at scale

Even then we are perhaps just seeing the tip of the possibility iceberg.

[Featured Image: Source]

Of Similarities and Split Screen

Quick Read: There are ads that try and communicate a message of ‘contrast’ and there are those that communicate ‘similarity’. While the former type of ads ride on a diverse set of story telling devices, there seems to be an interesting trend in the story telling devices deployed by the latter set. It’s the ‘Split Screen’.

A lot of advertising is meant to tease out / explain / amplify an element of a brand that is supposedly in contrast w.r.t the competition. Think about it for a moment and think of the core narratives behind most of the ads that you see around.

A lot of advertising narratives tend to fall into this camp, where they try to land a message through a narrative that is designed to communicate a contrast – sometimes in a straightforward manner or sometimes in perhaps a tongue in cheek style.

A few share worthy ads of that kind below.

1. Jeep, Anti Manifesto

(Agency: Arnold Worldwide. H/T: Bhatnaturally)

And oh, btw just for fun, see this one and it’s hard to not think that the Jeep’s creative team didn’t have this in mind while conceptualizing the above work.

2. Fevicol, Ezee Spray

(Agency: Ogilvy)

3. Eko Kom, Flight Attendants / Garbage Collectors

(Agency: Havas, Prague. H/T: Bhatnaturally)

As you can see, ads that have ‘contrast’ as the core message, ride on a diverse set of story telling devices.

Interestingly, this is in contrast with ads where ‘similarity’ is the core message.

When similarity is the core message..

.. there seems to be an interesting trend in the story telling devices that most of them seem to draw upon. Most of such narratives are rooted in a singular story telling device – the split screen.

Sample the following examples.

1. The Day Before

(Agency: Leo Burnett Chicago)

2. McDonald’s

(Agency: Agency: Leo Burnett Chicago)

3. John Lewis

(Agency: DDB Worldwide)

4. Coca Cola UK

(Agency: David The Agency, Buenos Aires)

For the record, the split screen as a story telling device has also been used in ads that seek to communicate a contrast.

Like this one from Apple.

In fact this entire campaign for iPhone (in May 2017) had creatives that all used the split screen.

What other story telling devices have caught your eye in the recent past?

(Featured Image: Split screen of Paris Vs New York)

The Overview Effect

Quick read: Overview Effect – a phenomenon from space travel can have some great creative parallels in the arts.

There’s a strange phenomenon that happens to astronauts when they see Earth from space. Most astronauts describe this as a cognitive shift in awareness, a state of mental clarity or a sense of deep connection.

This state called the “overview effect,” occurs when you are flung so far away from Earth that you become totally overwhelmed and awed by the fragility and unity of life on our planet. It’s the uncanny sense of understanding the ‘big picture’ and a humbling appreciation of our infinitesimalness in comparison – all at the same time.

Recently, two creative technologists have created an oddly mesmerizing website that provides something approximating the ‘Overview Effect’ for the rest of us.

Check it out at astronaut.io

screen-shot-2017-01-30-at-5-31-47-pm — astronaut.io

Andrew Wong and James Thompson created an algorithm that picks YouTube videos fitting specific criteria: uploaded within the past week, with generic file names (IMG, MOV WMV) as titles, and zero views. And juxtaposed this seemingly endless stream of random videos against a view of our planet from low Earth orbit. (source)

The result is a fascinating glimpse at the mundane, perplexing, and oftentimes sweet events of everyday life juxtaposed against the monumental, mystical and often times sublime views of the planet earth.

The insight here could be about the possibilities that can be achieved w.r.t driving a shift in the viewers’ perspective when an object is made to interact with a meta object. E.g., what if a character in a story interacts with someone that typically exists in a dimension higher to that of the character, like the author?

Let’s take two examples.

The Gunfighter

Think of an actor in a film as an object.

Now think of the narrator of this film. A narrator is conceptually meant to be at a degree higher in dimension or abstraction vs an actor in that film, in order for him to be able to narrate the story to us. Right?

But what if the actor in the film is made to interact with its narrator?

The result? See it for yourself here. The Gunfighter

Directed by Eric Kissack, The Gunfighter has won several awards across categories like best narrative, best short film, best comedy etc and was the official selection for various film festivals.

Old Mout Cider even commissioned him to shoot a film with the same narrative device for their ad. (see here)

The Museum’s Ghosts

This eponymous photography project by Andrés Wertheim is an experiment on similar lines.

The premise as stated by Andrés Wertheim is simple.

It is assumed that when people go to a museum, they carefully observe the paintings and sculptures and thoroughly read the explanatory panels.

But what if the characters portrayed in nearby paintings looked upon visitors while they aren’t paying attention, what unusual scenes would we find ?

Through double exposures made in camera, Andrés Wertheim merged in a single photoframe, both planes of the visible reality – the audience in a museum’s room and the portrayed characters on the same room’s walls – trying to create a dialogue between them.

The Museum’s Ghosts as a photography project, has also been featured in National Geographic for its creation of such surreal scenes that place art and its observers together in a new imagined dimension.

The bottomline

Whether it’s art walking off the walls to interact with the visitors of a museum, or the characters in a film being able to interact with its’ narrator, or a micro level human narrative getting juxtaposed against the macro level perspective of the planet earth, they all have one thing in common.

They are all examples of objects interacting with meta objects, compelling us to re-evaluate and reconsider our perspectives of the world within and around us – perhaps just like in the ‘Overview Effect’ as experienced by a space walker when looking back at our planet earth.

(Featured Image: Photos being shot from International Space station. Source)

Access Restricted

Quick Read: Want to generate footfall or demand? Sometimes all it could take is a board saying “Access Restricted”.

Iceland is renowned for its fairytale landscapes, waterfalls and dancing midnight lights. But of all the places, an unusual site has become one of its most talked about destinations – a site of a plane crash.

Sólheimasandur beach in Iceland is a desolate site, but for the mangled remains of a US Navy’s C-117 aircraft. It was in November 1973 that the aircraft crashed at the site with the crew onboard having miraculously survived.

After the crash, the U.S. military removed everything that was salvageable in the aircraft and left behind the 10,000 pound shell by the beach. For over four decades since then nothing much happened around it.

The landowners of the site almost forgot about it and were perfectly content to let time and nature slowly eat away at the twisted wreck.

(Photo Credit: Eliot Stein. Source)

But steadily over the years it has become a not so well kept secret among photographers – who lent it an extra air of surrealism, by way of their documentaries and photographs.

In recent times it came to be used as a location for destination weddings. Not to be left behind Bollywood even managed to get Shah Rukh Khan to lean backwards, spread his arms while not forgetting to romance Kajol over its fuselage!

(Still from the song in Dilwale)

Hell even Justin Bieber skateboarded on the plane’s roof in a music video in November 2015.

Expectedly it led to a steady increase in visitors to the site and got people into driving all over the place with little consideration about the property around. So in March 2016 the landowners’ of the site decisively put up signs banning all access to the area.

…and then things started to go crazy!

(Google Trends showing a spike in searches for the crash site in March 2016)

All it took was a “No Entry” sign.

Now, hundreds of people every day are reportedly following GPS coordinates to a remote, unmarked gate on the side of the road and trekking four kilometers through a barren lava desert to try their chances at seeing the plane’s twisted remains.

How Hitchcock Got People To See “Psycho”

When Psycho hit theaters, critics weren’t given private screenings. Instead Hitchcock created buzz for the film by exerting an unusual degree of directorial control over the viewing experience of the audience.

Accordingly the showings of the film began on a tightly-controlled schedule in theatres in New York, Chicago, Boston, and Philadelphia. And a firm “no late admission” policy was put in place.

(A standee to announce No Late Admission policy for Psycho. Source)

Theatre managers initially balked at the idea, fearing financial losses. But Hitchcock had his way.

And he was right.

Long lines formed outside the theaters, pulled even more people in and Psycho went on to enjoy critical and commercial success.

Sydney Opera House says “Come On In”

Sydney Opera House is the most Instagrammed destination in Australia.

The challenge: Only 1% of those who upload a photo ever go inside.

Sydney Opera House found who these people were, recorded personalised invitation videos on the fly, and got them to step in to experience the Opera House from inside with exclusive access and perks.

See the case study video here

While it is definitely a smart intervention that effectively leverages relevant consumer touch points on the fly to get people to step inside, I wonder if the management of the Sydney Opera house had considered the contra idea.

…that of putting up a sign saying “Access Restricted”.

(Featured Image: Sólheimasandur plane crash site by Eric Cheng. Source)

Imagination. For Selling and Unselling

Quick Read: Evoking imagination has always been a classic trick in the marketers’ book. Let’s see some recent examples where it’s been used to sell. And to unsell.

Man-eaters and the ritual of imagination

For four years, Dutch designer Daniel Disselkoen made the same journey on the same tram route to his art academy, and realised that he had stopped looking out of the window and being curious about what he might see. So he developed a simple little real-world hack called Man-eater.

Predicated around the idea that familiarity with a subject, our environment, surroundings or routine can limit discovery, Man-eater is a simple yet compelling call to action to invoke our imagination to make extra ordinary out of the ordinary.

Is at about seeing the world through a child’s eyes?

Museum of Childhood

Museum of Childhood (yes, there indeed is a museum by that name!) says exactly the same thing in its recent campaign – wherein with a bit of imagination, the medium and the context become the key parts of it’s message.

(Check out the other executions at this blog post)

Banana Bunkers that look like…um.. bananas?

It appears that it doesn’t require a hell lot of imagination to see why this particular product of GroupOn turned to be its most popular post on Facebook ever! But GroupOn’s real imaginativeness came to the forefront in what happened after the post went live.

Knowing full well of what is to come, they decided to stay ahead of the hilarity and replied each and every one of the comments on their Facebook post. Check out this snapshot of the epic comments that followed!

Now that’s some great imaginativeness to combat (and perhaps even abet) imagination!

And meanwhile else where..

Can imagination be used to ‘unsell’?

‘The Gun Shop‘ had recently popped up on Manhattan with a store front that read “First Time Gun Owners” in big, bold letters. The catch? Each gun in the store had been tagged with its history: from shooting a mom in Walmart to the Sandy Hook massacres. The result: imagination that just ‘unsells’!

This video captures it well.

The Gun Shop has been a pop-up demonstration created by New Yorkers Against Gun Violence – a partner of States United Against Gun Violence that seeks to make families and communities safer.

Can you think of any other examples?

(Man-eater – H/T Neil Perkin | Museum of Childhood – H/T L.Bhat)

Featured Image: The Gun Shop store front on Manhattan, Source

Annotations About Annotations

Quick Read:Who would have thought what had begun as a traditional 17th century readers’ habit of jotting down some thoughts and gossip on the margins of a sheet of paper could turn out to become a concept for world domination?

Annotations are in vogue today!

In the 17th and 18th centuries, it was traditional for newspapers to include space for readers to jot down thoughts, gossip, and observations before passing along their copy to others. Some papers kept their margins wide for such notes; others, like the very first American newspaper, Publick Occurrences, included an entire blank page.

Annotations are an extension of that tradition.

(Annotations in Boston Gazette and Country Journal (1770): Source)

…Saying this, Quartz – a popular blog, annouced the opening up of its margins to users’ comments – also known as annotations.

Medium – the acclaimed blog publishing platform – introduced this concept of ‘notes’ that let readers comment (annotate) on specific paragraphs of the story instead of at the bottom of the piece.

Today Soundcloud allows users to annotate audio; Gawker Media allows users to annotate images and New York Times experimented with annotations around news as a more participative means of user engagement.

Annotations – as a creative narrative device

Even novels have begun to adopt annotations as a narrative device. S. – a novel previously featured on BrandedNoise – has at least four different interconnected narratives unfolding at the same time. One such narrative is the dialogue between a guy and a girl who read and discuss a book through their notes passed on to each other written as annotations.

(This is how an actual page of S. looks like. Image source)

If there is one book that you should buy – even for the sheer experience of just leafing through its pages and marveling at its creativity and design. This is it!

‘Annotations’ as a billion dollar idea?

Genius.com – a Andreessen Horowitz backed startup – is believed to be testing a new feature: the ability to annotate any page on the web, adding a new stratum of knowledge to the largest store of information in human history.

Currently in beta, the new functionality lets users add genius.com/ to the beginning of any URL to access a version of the page on Genius. The page is fully annotatable, so users can highlight and annotate any text on the page and view others’ annotations. (source)

(Annotations from Genius.com: Image Source)

Enough and more is already being written about Genius.com and its stated goal of “annotate the world”, with some even predicting that Annotate would soon transcend into the class of those fundamental verbs of contemporary culture, such as Google and Like!

Bonus read: Recently a mysterious billboard had appeared on the streets of Manhattan. (see the featured image above) Whereas most billboards are logo delivery vehicles, this one is unclaimed. The billboard is the work of Emily Segal for Genius.com. A great post on this avante-garde marketing campaign here.

Inspiration From Across The Category Fence

Quick Read: Sometimes, the best idea for a brand campaign might be just around the corner, albeit with another category. Even when the core of the campaign idea is ‘Originality’. And perhaps rightfully so.

Inspiration from across the category fences is no new news. But that’s no excuse why we should take such instances for granted. Some recent examples of brands taking inspiration from other categories and appropriating them in a way that is relevant to their campaign idea/ brand personality. Virtual High Five (Coke – KLM) In May 2013, Coke had this huge hit campaign that ‘connected’ people from different countries (India – Pakistan) through what it called as ‘Small World Machines’.

Cut to this year (Sep 2014), KLM gave a reason for Amsterdam and New Yorkers to ‘get connected’ through this Virtual High Five campaign.

As this article says, KLM’s deployment of this idea is clever because it underlines the message that while technology has the power to interactively connect people like never before, it’s airlines that have the ability to physically connect people faster, easier and more effectively than we have ever experienced in the past.

(Source: Creative Guerrilla Marketing)

Unique, Original & Extraordinary (Absolut – Coke) In Sep 2012, I wrote about Absolut’s brilliant execution of their limited edition design series called Absolut Unique. A story of carefully orchestrated randomness powered by 35 different colors, 51 different pattern types all governed by algorithms meticulously devised to induce a method to this madness of design.

(Source:Absolut)

Result: A first of its kind design spectacle at a massive scale resulting in over 4 million bottles where no two bottles are alike. See the video here.

And then in 2013, Absolut followed this up with Absolut Originality. Video here.

Cut to this year (Oct 2014), a new campaign for Diet Coke in Israel revolves around the concept “Stay Extraordinary,” as part of which it produced over 2 million different bottles using a printing system that printed every bottle with a different look. Video here.

Any other examples of well executed campaign ideas inspired from different categories?

(Featured Image: Absolut Originality)

Making And Breaking Memory Structures

Quick Read: Generating awareness or influencing consideration, driving distinctiveness or establishing differentiation, the key is to effectively leverage memory structures.

Distinctiveness is said to be the key in driving penetration and hence growth. But what sort of distinctiveness is most effective?

In other words, when a brand is launched/re-launched, how do you strike that elsuive balance – between being rooted in the current to drive enough familiarity, yet bring in an element of newness to drive differentiation along a chosen set of dimensions to drive favorability.

The key lies in memory structures.

As this insightful paper says, while driving distinctiveness for a brand, a key consideration is how much of your mix should reflect the existing perceptions of your brand locked in consumers’ “memory structure”, and how much should break with this.

And why are memory structures important?

This is because, as per Phil Barden in Decoded, we are known to first process any new stimulus from a brand (advertising, packaging, activation) “implicitly”. This is a subconscious reaction based on our intuition & past experiences locked in our memory structures. And that’s where most of the heavy lifting is said to happen before the rational mind kicks in for decision making.

(Implict and Explicit processing of stimulus, Source)

So it must come as no surprise that some of the smartest techniques in creating awareness for new brands are those that do a great job at playing with our existing memory structures.

Two recent, notable (and slightly non traditional) examples.

Dumb Starbucks Coffee

(The Dumb Starbucks Coffee store in LA. Source)

No it’s not a joke. This has been an actual store with everything from the signage, menu, the cup sizes, right till the music CDs sold by the cahsier looking exactly like that in a Starbucks Store, albeit with one small modifier – the word ‘DUMB’ as a prefix.

And why DUMB? Parody law.

As this awesome FAQ reads: “Although we are a fully functioning coffee shop, for legal reasons Dumb Starbusks needs to be categorized as a work of parody art. So, in the eyes of the law, our “coffee shop” is actually an art gallery and the “coffee” you’re buying is considered the art. But that’s for our lawyers to worry about. All you need to do is enjoy our delicious coffee!”

Rated as one of smartest Guerrilla Marketing stunt by Comedy Central to generate buzz around their new show, this attempt created a social media sensation in just 2 days before it faced a ‘notice of closure’.

Despite being a shortlived ‘experiment’/art installation (or whatever we chose to call it), by playing smartly on our existing memory structures “Dumb Starbucks” proved itself to be an ingenuous idea from a venture that wanted a big bang for a small budget.

And boy did they get it!

CitizenM Hotels

Can you create awareness by challenging our existing memory structures of a category?

A new campaign from CitizenM hotels shows how. See the ad here

I liked how it evokes all the memories that we have of conventional hotels untill it just shatters them, thereby piquing our interest levels in the brand. In fact – depending upon the viewer’s context – I would argue that it does a briliant job at more than just generating awareness.

All managed by neatly piggy backing on our existing memory structures of a category.

(H/T to L Bhat for the CitizenM film, and to Robert for this riff on Dumb Starbucks. Featured Image: source)

Selfies And The Art Of Sky Diving

Quick Read: Selfies as a mode of expression via pictures, videos or 3D shapes is gaining main stream traction. GoPro is a fascinating company that took an unmet ‘selfie need’ and expanded it to encompass newer grounds with great success, while gaining a cult like status.

It is believed that Robert Cornelius took the first ever selfie in the year 1839.

Ever since then, over the span of 175 years, the humble selfie has evidently made spectacular inroads into our popular culture. Today we see world leaders, hollywood celebrities, protesters in police vans and even the Pope having all smiles for the selfie. No wonder then, today we have:

Studies that investigate selfies using a mix of theoretic, artistic and quantitative methods
Social Media experts relentlessly analysing why some selfies become iconic
And philosophers posing the ultimate existential question – Why Do Selfies Matter?

In fact – given our recent advancements in 3D printing – it is inevitable that we even have the 3D printed selfie today!

(3D Selfies. Source, TWINKIND)

According to this paper, while selfies have been called different names like a symptom of social media-driven narcissism, a way to control others’ images of us, a new way not only of representing ourselves to others, but of communicating with one another through images, or even as the masturbation of self-image, the one that stands out the most for me is the concept of selfie as a device to control others’ images of us.

This primal urge to control others’ image of us seemed to have proven to be a gold mine for a company that is now on its way to a hotly anticipated IPO. Think Video Selfies. And think about all the exciting activities like surfing, skiing, snowboarding, auto racing, river rafting, sky diving etc. And you get the picture.

Hang on. Did we just say ‘Video Selfie’?

GoPro

2002. On a surfing trip to Australia, Nick Woodman wanted to take a selfie. Albeit with a twist. He wanted to capture quality action photos of his surfing. Having met with limited success, his desire for a camera that could capture him surfing in ‘professional angles’ started to take shape. And thus the name ‘GoPro’ was born for his company that would subsequently go on to sell small, waterproof, wearable cameras that you can use while doing exciting stuff.

(How to take kickass selfies with GoPro. Source)

Today GoPro makes what it calls ‘smaller, lighter, mightier still’ HD video cameras with a 170-degree angle view under their line up of HERO series to capture and produce high quality content along with an entire ecosystem of mounts, accessories, software and applications.

But what makes GoPro an extremely fascinating brand is the street cred that it earned for itself as an unconventional media company. Sample these..

The GoPro Ad: Instead of advertising, the company aggressively hands out GoPro cameras to extreme athletes asking them to simply shoot and bring back their footage. A small in house team then edits the footage, slaps a hip sound track, throws in the GoPro logo and boom – A stunning free GoPro Ad! (Interestingly – given the versatility of the GoPro camera – a lot of footage that they get from users is so astounding that people are known to insist it had to be fake.)

GoPro on YouTube: GoPro’s YouTube channel ranks among the top 100 with nearly 2 million subscribers and 455 million views of its 1600+ videos posted till date. In fact as per this article, the number of videos with “GoPro” in the title has grown so much—60 percent from 2012 to 2013—that watching 2013’s crop alone would take you 2.8 years. Reportedly GoPro is expected to make about $1.7 million per year from its YouTube channel alone.

The GoPro Channel: In CES 2014, GoPro announced plans to unleash its unique brand of action sport videos on Xbox Live for both the Xbox One and 360. In fact, Virgin America inflight entertainment system already lists this channel that features curated GoPro content where users will also be able to purchase GoPro products directly online.

Expanding cultural footprint of GoPro’s media content: GoPro has strategically carved an outsized cultural footprint for itself by being part of several high points in recent history. Take the recent opening ceremony of the Sochi Olympics, where many athletes were seen filming themselves with GoPros or Felix Baumgartner‘s record-breaking jump from 128,100 feet for the Red Bull Stratos mission. Chances are that you must have seen the footage filmed by one or more of the seven HD GoPro cameras used in the mission.

(GoPro Super Bowl Ad 2014 featuring the Red Bull Stratos mission)

GoPro, Apple and Red Bull: While some observers see GoPro as a company that clearly wants to create a kind of ecosystem, similar to that of Apple, with a devoted fan base addicted to its hardware and software and a thriving core of creators and consumers, there are also those that think, GoPro could make for a new sort of hybrid company, the way Red Bull is both a drink maker and powerful media brand.

Jason Stein, founder of Laundry Service, a digital media agency in New York even says:

“Red Bull has become this media entity, created around the lifestyle of people who drink Red Bull, GoPro is doing the same, but the reason I think they have more potential is that their product is an actual media device.”

Hence analysts expect that GoPro could create revolutionary possibilities in content creation and consumption in the days to come. This article even speaks about a future possibility where the company could sign agreements with sports leagues to place GoPros within the games. So when you tune into your NBA or NFL or IPL, imagine getting a live feed from whichever player you want!

Beyond Hardware

Evidently the GoPro story is no longer about a hardware maker that had captured two-thirds of U.S. sales and 45 percent of the global pie of the pocket digital camcorder segment (source).

It’s about software and experiences. It’s about enabling awesome creative expression and adrenaline packed content production – the non traditional way. It’s about brilliant marketing that is inspired by this unique culture. All borne out of one key human need – to be able to influence other’s image of us by showcasing those fleeting experiences and moments that (we think) could define us.

Like perhaps a selfie.

3D Printing, Value Chain and Lawyers

Quick Read: 3D Printing as a technology can can have revolutionary implications on all the 3 key stages of a value chain – Manufacturing, Distribution and Retail. And not to forget lawyers!

Let’s Start With Manufacturing

Today Lego finds itself going to war with the 3D Printing technology. Why?

Because, what has happened over the last decade to music, newsprint, film and photography now seems to be threatining the world of shapes and objects. As this Washinton Post says..

Soon hobbyists…. will be able to craft their own (lego) bricks, thanks to 3D printers that make fabricating those plastic parts as convenient as going to Toys R Us. With such technology, entire structures can now be reverse-engineered, reduced into a pile of components and snapped together in minutes.

Lego’s sophisticated molding process that currently enables it to produce 55 billion Lego pieces a year is probably not under an immediate threat from the 3D printers. But once the technical challenges like being able to meet the established tolerance levels for finish, texture and fit of various materials and being able to operate at scale are solved, which – many experts believe is just a matter of time – Lego might be at a major risk.

(Lego Ironman, Source)

So the recent remarks from Lego’s CFO John Goodwin who said “3-D printing is a fascinating development and certainly opens up a lot of new avenues” gain significance as a first ever major acknowledgment by Lego about the impending storm.

This has even led to some analysts predicting that the future for Lego could be as an Intellectual Property publisher of the digital models of their blocks, not unlike the modern record company which doesn’t actually create physical tracks anymore but just owns the IP rights of their music.

Moving Over To Distribution

Distribution (and inventory management) are known to be Amazon‘s expertise. But faster shipping can come at a price. For e.g, in Q1 2013, Amazon’s shipping costs were 4.7 percent of revenue (source). So it has reportedly been testing the grounds for newer, cheaper and faster delivery methods like drones.

But here is – what could potentially be – the billion dollar question.

What if the whole value chain starting from maintaining inventories of raw materials, industrial scale manufacturing, packaging, palletising, shipping, bulk breaking, transporting, warehousing to distributing were to become redundant? What if we manufacture goods just in time near the final destination?

As this article says, that’s where 3D printing comes in – by producing goods in exactly the ordered configuration precisely when they’re needed, 3D printing is ideal for filling gaps in the supply chain (which reduces uncertainty), keeping inventory low more generally (which saves companies money on shelving) and reducing waste (which occurs when the goods aren’t sold).

Called as Just In Time manufacturing, UPS has already started to venture into this business model in a small but significant way. And the initial results are reported to be more than encouraging.

(3D Printer at a UPS Store, Source)

So when the largest shipment/logistics company in the world begins such seemingly ‘odd’ experiment around On demand 3D printing, it can only indicate one thing.

Even the distribution behemoths are swearing by the mantra – if you can’t beat them join them.

And Finally Speaking Of Retail

This year’s SXSW – the annual music, film, and interactive festival being held in Austin as we speak now (from March 7 – 11) has been generating a good amount of buzz.

Oreo‘s Trending Vending Machine is an example.

Envisaged by Mondelez as a fun experiment with Twitter, the concept is a mash up between the vending machine experience and social media based real time marketing. Named, Trending Vending Machine, it has been offering the SXSW attendees Oreos with 3D printed flavours picked from trending tweets and delivered to the attendees in 2 minutes (source). This marketing effort includes the hashtag #eatthetweet.

Hanging out at the @Oreo trending vending lounge and checking out 3D printing! #eatthetweet pic.twitter.com/yNH77LaYzV

— Channing Jones (@channingjones_) March 9, 2014

While this certainly makes for a pretty good engagement driving initiative by Mondelez where the world of social media hashtags meets cookie cutter biscuits – literally, the underlying story here could be that of the emergent possibilities of 3D printing in the retail sector where:

Inventories for the retailer are non-existent and limitless at the same time!
Shopper engagement becomes the norm, in fact the key enabler for the whole set up
And finally personalisation becomes a category code, and not just a fancy differentiation strategy

In fact, going by this logic, 3 D printers could even upend the very concept of retail sector as we know it today!

After all, why would anyone even bother to walk down an aisle when all they need to do is perhaps just download a design, chose a nearest 3D printer and click PRINT?

Or shall we call it MAKE?

Some food for thought on a related note: Thanks to 3D Printing, professions like Intellectual Property and Law can be in good demand for a long long time to come!

(Featured Image: 3D Printed edible Lollies at CES 2014, Source)