Is Facebook a content or conversation source?

Back in May, Matt Locke, Richard Sambrook and I had a conversation about the future of Social Entertainment.  (In case you are thinking “My that’s a wonderfully catchy, if opaque, buzz word. But what on GoogleEarth does it mean?”; Social Entertainment is a term we coined a few years back to represent the idea that as social networks grow to parallel the influence of mainstream media channels, so too would traditional media companies need to progress their content and communications to fully embrace the social sphere).  Not rocket science, perhaps, but we’re interested in the implications of Social Entertainment, especially with regard to how entertainment companies communicate with audiences.

It’s highly probable that no one listened to the podcast back in May (I haven’t asked for the statistics lately, in case my worst fear was confirmed and we had chopped down trees, but no one was around to hear the loud thud of timber on the forest floor).  So if you didn’t, let me summarise: We talked about some meeja things and at the end Matt and I made some predictions for the next 12 months.

The erudite Mr Locke suggested that the talent rather than the media brand would continue to increase in influence and that this posed both a problem for the brand and an opportunity for talent looking to take advantage of the currency of their social profiles.  The case of @ITVLauraK (nee @BBCLauraK) perfectly illustrates this issue.  Both Tom Callow at TheWall and Jemima Kiss at the Guardian sum up the ramifications better than I could.  Congratulations Matt.  You were right.

Back in May, I felt the interesting shift would be the inverse of our original Social Entertainment theory.  I.e. Social Entertainment originally concentrated on how traditional entertainment companies could leverage social channels to engage audiences.  I predicted (again, perhaps not radically) that Social brands would expand to become fully fledged media channels and businesses.  This was based on increasingly professional content finding its way onto YouTube – but I thought that Facebook, Twitter and the like would increasingly become media channels – producing and distributing content, not just hosting conversations around it.

Interestingly, our annual research shows a conflict in consumer perception, here.  As this graph shows, consumers now think of social networks as a form of entertainment.

However, when asked who are the top-of-mind entertainment companies, consumers do not name new social or internet brands.  No Facebook, no YouTube, no Spotify.  Only the old dogs are named (I can’t actually show you the brands, but we do have this info should it be of interest.  Let me know if so).

And so here we are at the 22nd September 2011 and the f8 conference.  Much has already been written about the social updates (I’d recommend the Mashable picture gallery, if you’re looking for a quick summary of what it’s all about).  But I’m most interested to hear about how content companies and entertainment channels are going to be integrated in Facebook. Is this the coming of age for Social Entertainment?  True my prediction, unlike Matt’s, has yet to come to full fruition.  But with the f8 announcement, we may well be one step closer. The integration, assuming the often vitriolic users embrace it, will mean that Facebook becomes a powerful, if not the de facto, promotional channel for content owners and publishers.  This presents an opportunity but also a challenge for entertainment brands.  Content has always driven conversations. But some content is more naturally geared to social conversations and ‘lean forward’ programming than others.  For all entertainment brands, programs and channels, not applying Social Entertainment is, from today, arguably not an option.  It’s a simple dilemma; innovate and  collaborate, or risk not being talked about at all.

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