The full 70-page MediaVillage Media Brand Equity Study with detailed insights on the brand equity of 147 media brands as evaluated by 1,200 advertiser and agency executives will be delivered via e-mail to current MediaVillage member companies. An executive summary is available for download below. For details, contact firstname.lastname@example.org.
Based on the new MediaVillage Media Brand Equity Survey of 1,200 advertiser and agency executives, the media industry is leaving behind strong relationships and positive brand equity as it places increasing dependence on data and analytics. While no one questions the importance of data to compete effectively in today's marketplace, media companies should be asking "at what cost to our brand?"
Data is required for competitive apples-to-apples comparisons; good storytelling about data, content, audiences and value is required to define its relevance to core constituencies of advertiser and agency decision-makers. In today's flooded media environment it's hard for a media brand to gain clear differentiation and relevanceand even more difficult to validate brand affinity with its audience or provide assurances of ratings and revenue growth sustainability. These four attributes, plus brand purpose, are the defining qualities of brand strength and vitality.
Advertising and media industry investments in data and analytics have grown exponentially in the past decade. Investments in building and retaining relationships and brand equity through content marketing, storytelling and thought leadership have declined precipitously and the industry is paying a heavy cost that will inevitably come back to haunt it. Among all major industries, media and advertising ranks at or near the bottom in investments in brand building through content marketing. Across all industries, companies spend an average of 28% of B2B marketing budgets on content marketing, storytelling and thought leadership. Category leaders invest more than 40%. Advertising agency and media companies spend well under 10%. * (Investment would be an inaccurate term, since ROI criteria are rarely incorporated into B2B budgets that are typically spent on outmoded trade ads, conference sponsorships, and boondoggle events.)
Social Media and SVOD Brands Top the Media Brand Equity Charts
MediaVillage organized the 147 media brands into 14 categories, defined based on their primary distribution model, content genre and/or target audience focus. The chart below reflects the comparative brand equity score of each category based on the composite average of media brands incorporated in each grouping. The overall equity score is based on 1-100 while Brand Strength, Brand Vitality and Brand Purpose reflect average 1-10 ratings.
The five attributes used by MediaVillage to define media brand equity are defined as follows:
AFFINITY In your opinion, how strong is the emotional connection between this brand and its audience?
RELEVANCE In your opinion, how culturally relevant is this brand (in the United States)?
DIFFERENTIATION What is the magnitude of difference between this brand and its closest competitors?
SUSTAINABILITY How would you rate the ability of this brand to thrive in the new media world?
BRAND PURPOSE: How committed is this brand to contributing to the greater good through its content and/or specific social responsibility efforts?
*Source: Content Marketing Association