Monthly Archives: June 2011

Fame, Faith, and Social Activism: Business Lessons from Bono

Working Knowledge
June 20, 2011
By kim Girard

To
Nancy F. Koehn, the history of the Irish rock band U2 has it all as a business case study: teamwork, leadership, creative destruction, branding, and strategy.

Koehn’s case “Bono and U2″, co-written with Katherine Miller and Rachel K. Wilcox, reconstructs the story of U2′s meteoric rise in the 1980s, the band members’ journey to sustain and enhance their identity in the next two decades, and the ongoing commitment to balancing their music careers, fame, personal lives, and—in the case of three of the musicians, their Christian faith. At the same time, Koehn charts the lead singer Bono’s escalating, high-profile campaign against Third World debt, poverty, war and disease.

“Any CEO who thinks his or her job is about maximizing shareholder value is living in the past.”

Koehn, a Harvard Business School historian who has studied social entrepreneurs and leadership in the work of celebrities including Bill Gates, Warren Buffet, and Oprah Winfrey, was drawn to Bono’s commitment to conscious capitalism and to the question of what made Bono, well, Bono. (more…)

Turntable.fm and SoundCloud ushering in new era of social music

GIGAOM
By Michael Wolf
Jun. 17, 2011

Is 2011 the year of online music? It sure seems that way. From the introduction of iCloud and cloud music offerings from Amazon and Google to Spotify’s rapid growth in Europe to this week’s public offering by Pandora , digital music has never seemed more interesting.

    Or more social. As Om wrote in his post earlier in the week, hot new social music site Turntable.fm is proving to be highly addictive for many lucky enough to get a beta invite, and it is a sign that a more immersive, more alive web has arrived. (more…)

    What’s Next for RIM?

    Mobile Opportunity
    June 19, 2011
    Posted by Michael Mace

    Several people have asked for my thoughts on RIM’s financial troubles.  A computing platform runs on momentum.  When the platform’s growing, there’s a virtuous circle between the growth of the customer base, the introduction of new products, and the arrival of new developers.  Each one reinforces the others, and it produces strong, resilient growth.  Look at Apple’s current expansion for a great example.

    But if that momentum breaks, the same forces that help you grow can create a self-reinforcing decline.  The loss of customers reduces your resources, so you can’t spend as much on new products, so developers are less excited, so you lose more customers, and so on.  I lived through those cycles at both Apple and Palm, and they are very difficult to reverse once they gather momentum.

    Based on RIM’s latest financial report, it looks to me like the company may have fallen into a declining pattern in North America.  Sales in the rest of the world seem to be doing better, which is masking the severity of the problem in the US.  It’s hard to say any of this for sure, because RIM doesn’t release all that much detail.  But here’s what I think I am seeing in the numbers:

    –As the chart below shows, sales were down compared to last quarter, only the second sequential revenue drop since fiscal 2006. (more…)

    comScore: YouTube’s Time Per Viewer In May Tops 5 Hours, More Than Next 5 Sites COMBINED

    Video Nuze
    Friday, June 17, 2011, 03:37 PM ET

    posted by: Will Richmond

    comScore released its May 2011 U.S. online video rankings today which once again illustrated the extent to which YouTube remains the 800-pound gorilla of the online video market. For the first time, YouTube’s time spent per viewer during the month exceeded 5 hours, coming in at 5 hours, 11 minutes. That reflects nearly 2.2 billion viewing sessions generated from over 147 million unique viewers (83.5% of all Americans who watched any online video in May).

    Looked at another way, YouTube’s 5 hours, 11 minutes of viewership is more than the next 5 properties ranked had during the month, combined. The number 6 property, Microsoft’s sites, had 46.5 million visitors for the month, less than a 1/3 of YouTube’s, and 252 million viewing sessions, just 1/9 of YouTube’s (see below). Hulu is the only property remotely close to YouTube in viewing time per user, racking up 3 hours, 38 minutes per viewer in May from 196 million viewing sessions. But Hulu had 28.5 million unique viewers in May, less than 1/5 of YouTube’s. (more…)

    Literary Agents Try New Role as Self-Publishing Consultants

    Carla King

    Media Shift
    by Carla King, June 16, 2011

    With big publishing buying only the crème de la crème of books, and more authors turning to self-publishing, many literary agents are getting squeezed right out of the middle.

    But some savvy agents are acting as literary consultants to help their authors self-publish, a role that offers up new opportunities and challenges for everybody in the industry.

    I talked with three agents about their experiments to serve authors by widening their middle ground. (more…)

    Why Can’t the U.S. Build a Soccer Star?

    The Wall Street Journal
    JUNE 17, 2011

    By MATTHEW FUTTERMAN

    The United States has won more than 1,000 Olympic gold medals. It has produced 26 British Open champions, 14 No. 1 tennis players and two winners of the Tour de France. It’s the birthplace of swimmer Michael Phelps, volleyball legend Karch Kiraly and chess master Bobby Fischer. An American nicknamed “the dump truck” nearly became the grand champion of sumo.

    [SP_MAIN2]

    ZUMAPRESS.comU.S. midfielder Landon Donovan reacts after missing a shot against Guadeloupe during a 1-0 U.S. win in Group C play of the CONCACAF Gold Cup.

    But there’s one feat that this wealthy and populous nation hasn’t achieved yet and, if recent events are any indication, won’t achieve any time soon.

    No American man has ever become a bona fide international soccer superstar. (more…)

    Why Brazilian cyber cafés still matter

    TNW LATIN AMERICA
    Sunday June 19, 2011

    Almost half of of all Internet access in Brazil take place in cyber cafés, based on figures published in 2010 by the Center of Studies on Information and Communication Technologies (CETIC). The proportion is slightly lower than in previous years, due to the democratization of Internet access from home, but it’s still relatively high: cyber cafés play a crucial role in Brazil, especially for the poorer communities.

    The democratization of the Internet in Brazil

    Cyber cafés in Brazil are called ‘LAN Houses’ (LAN meaning ‘Local Access Network’). There are around 100,000 in total, reaching an estimated 30-35m users. Most of them are located in lower-income communities, where inhabitants belong to the C, D and E classes – in Brazil, official statistics divide the society in 5 classes, E being the poorest. The C class, often called ‘the new middle class’ by the media, includes people with an individual monthly income of US$188-$815 (R$300 to $1,300). The emergence of this ‘new middle class’ is one of the most interesting trends of the last decade, and it already represents just over half of the population, expected to reach 60% by 2014. (more…)

    Europe’s Digital Agenda Assembly: A conference fit for a continent’s future?

    TNW EUROPE
    Sunday June 19, 2011

    “Europe gets geeks” seemed to be the core message at the heart of the European Commission’s first ever Digital Agenda Assembly this week. This wide-ranging event was designed to help thrash out information and communication technologies’ role in Europe’s future.

    Taking place in the unusual location of a vintage vehicle museum in the centre of Brussels, the two-day event comprised speeches, panel debates and a number of workshop events where attendees had a chance to actively help shape the Europe’s digital policies.

    It was a fascinating look at how the people at the heart of European political power see the Internet – but even with 1300 people in attendance, it’s not clear if everyone who should have been there truly had a voice. In particular, the Internet startup entrepreneurs we cover every day right here on The Next Web seemed thin on the ground. (more…)

    Research: Latin America digital ad revenues to double to $2,2 billion by 2015

    Portada
    Jun 16, 2011

    While print and broadcasting have recovered after the deep recession 2008 – 2009 recession. PwC’s Global entertainment and media outlook: 2011-2015 says that since that time, digital has emerged as the central driver for media companies business operations, consumer connections and revenues. This is in line with Alan Sokol’s statement during our recent 2011 Latam Advertising and Media Summit that media companies are increasingly being valued based on their ability go grow digital revenues. Alan J. Sokol is Senior Partner at New York City based Intermedia Partners, a private equity investment fund.

    Overall, the U.S. E&M market is expected to grow at 4.6 percent compound annual growth rates reaching $555 billion in 2015 since 2010—while internet ad growth rates are expected to be double that over the same period. (more…)

    Most Urban Latinos Are Bicultural: Nuvo TV Survey

    MCN Staff — Multichannel News, 6/15/2011 6:54:00 AM

    NuvoTV, which will re-launch from its present branding as Sí TV on July 4, released new Census analysis indicating 76% of America’s Hispanics in large cites are bi-cultural Latinos.

    This number roughly represents enough people to fill the site of the most recent Super Bowl – Cowboys Stadium – 35 times over, the network said.
    Analyzing data from the 2010 U.S. Census, nuvoTV indicated that for the first time ever, Latinos are the majority population in 28 U.S. cities with 100,000 inhabitants, further evidence of BCLs being America’s fastest growing demographic.

    According to nuvoTV, BCLs, defined as those Latinos who speak English “exclusively,” “very well,” or “well” at home, in these larger cities exceeded more than 3.6 million, a number that exceeds the population of Connecticut.
    This latest analysis complements the network’s exclusive proprietary study, which projected the BCL population at approximately 38 million of the 50.5 million total U.S. Hispanics. In fact, BCLs accounted for approximately 82% of the 15 million gain in U.S. Hispanics since the 2000 U.S. Census.
    “The bicultural Latino population is the engine that is driving the growth of the overall Hispanic segment in the United States,” Rafael “Rafe” Oller, nuvoTV’s senior vice president of marketing, said in a statement. “There is great opportunity for entertainment brands, like nuvoTV, to emerge and service this audience with culturally relevant messaging and programming. It’s a segment that’s simply too powerful to ignore.”
    nuvoTV’s projections for the large-city U.S. bicultural latino market are based on applying the most recent government-reported American Community Survey (ACS) data against the population figures released to date by the U.S. Census Bureau. 2010 Census data measures the number of Hispanics living in 28 cities with total populations of 100,000 or more; ACS data surveys all Hispanics ages 5-plus on a variety of topics, including in-home English language ability.