August 20th, 2009 • Industry News, Social Networks, Tools & Resources
Tags: facebook, nielsen, social media marketing, twitter, Word of Mouth
The weekend is almost here, so you decide that you want to go to the movies this Saturday. Do you make your movie pick based on advertising or do you ask a friend for recommendations?
Your friend, of course. And, as we know, the loose definition of “friend” now encapsulates social media peers. With the rise of social networking tools such as
Twitter and
Facebook, word of mouth now moves at the speed of an
iPhone. Think about it – as soon as someone leaves the movie theatre he or she can tweet instant raves — or pans — to hundreds of people just minutes after the credits roll. This phenomena has
Hollywood quaking in its
Jimmy Choos.
Gone are the days when TV commercials and newspaper ads dominated movie marketing. According to
Nielsen’s “Trust in Advertising” study, only 14 percent of people trust advertisements whereas 78 percent of people trust the recommendations of their friends. Empowered consumers now have a greater ability to influence companies, brands, and yes, even movies.
Studios are trying to gauge the impact of an avalanche of tweets and how it affects the staying power of a movie. This summer, movies such as
“Brüno” and
“G.I. Joe” have had unexpected tumbles at the box office — just within their opening weekends — while
“Transformers: Revenge of the Fallen” survived blistering critical reaction to become a blockbuster, reports
The Washington Post.
What’s the learning from this? Word of mouth — particularly with turbocharged social media channels – is a real and powerful force that can’t be stopped. Studios now have the opportunity to engage in conversations and directly engage with consumers. People want real-time news, and suddenly a studio can give it to them in a first-person way. Also, this may prompt studios to create quality movies instead of shoving garbage movies down people’s throats through aggressive marketing campaigns.
August 14th, 2009 • Fun, Industry News, Tools & Resources
Tags: Lynn Eastep, twitter, Word of Mouth, Yahoo
To launch their new home page, Yahoo! has created a fun word of mouth promotion called “Know Your Mojo” that uses Yahoo uses an algorithm to analyze your tweeting behavior. Once you’ve received the result, you can tweet your result, update your FB status and also receive ideas for new content to add to your personalized Yahoo! homepage.
Ranging from “Name Dropper” to “Wallflower,” the app makes conclusions about your tweeting behavior. So, what about my (lynneastep) social mojo? According to the result, my social mojo is “BFF”: “Your volume of @replies makes you everybody’s best bud.” Accurate? Well, I am pretty friendly if I do say so myself.
Though the “secret algorithm” is facetious (it’s about as scientific as a Cosmo quiz), it’s a fun way to spark word of mouth about their new homepage.
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