TV Audiences
Mainstream: An audience that consumes a product that appeals to a wide range of groups and cultures. EXAMPLE- Instagram
Niche: The audience of a specialist interest media product that may only appeal to a small number of people or those who fall within a specific demographic profile (e.g. age, ethnicity) EXAMPLE- Lefty's, only market to left-handed people.
Chris Anderson: Longtail theory
First published in 2004, then as a book in 2009
Concerns mass vs niche products and audiences
The longtail theory is essentially a business strategy where a company will gain more profits from selling a lower volume of niche products to many customers than they would from selling a larger volume of products to fewer customers.
In 2010, digital sales of music began increasing, while revenue from CD sales was dropping. The longtail theory showed that millions of tracks are available both online and as a physical CD, however, 80% of the songs that were online didn't sell any physical copies.
As niche products are now more accessible to audiences, the audiences are no longer satisfied with mainstream products.
Shops have limited shelf and storage space but online retailers like Amazon can stock virtually anything. A shop is more likely to stock hits and mainstream products whereas Amazon can stock everything, creating millions of niche sales and therefore out-numbering the sales of hits.
When consumers are offered infinite choice, the true demand is revealed and it turns out that the more 'mainstream' products aren't as popular and the niche products satisfy narrow interests better.
Products at the head of the tail were the most accessible to audiences, but as technology has enhanced, niche products became more accessible.
Popular products at the head of the tail shift, demand from audiences and are replaced by a ‘long tail’ of niche products over time.
A little bit is missing here:
ReplyDelete- You need to analyse some data from the BARB website
- Can you explain what the Uses and Gratifications theory is and how it links to media products (you may wish to choose one product yourself)
Miss C