Social Media Still Has Little Marketing Impact in Hollywood
Social media is an opportunity unfulfilled in Hollywood. It bears surprisingly little to no impact on the success of films and TV shows, according to a group of seven film studio executives speaking here at The Grill.
The social imprint of talent, while appreciated, rarely impacts the casting decisions made by these movie studio bigwigs. Working with actors who maintain large social presences is a plus, "but it certainly doesn't drive anything," says Sue Kroll, president of worldwide marketing and international distribution at Warner Bros. Pictures.
The most socially savvy actors in Hollywood will tweet something every day from the set or table readings "and it hasn't made a difference," Kroll adds. "If the combination of things is not right... it's not going to matter. You have to get the whole mix of it right, and [social media] alone is not enough."
Facebook and Twitter have been courting film and TV studios for years, but the rather frank assessment by Kroll and her colleagues suggests they've done little to effectively win over those calling the shots in this town. Social media's ability to lift the reach and engagement of TV shows doesn't appear to be as solid as the latest research from Twitter shows.
Magic Trumps Social Reach of Talent
"All of us are in the business of creating magic for people. That magic is so much more important than the social reach of talent," says Greg Silverman, president of creative development and worldwide production at Warner Bros.
Facebook and Twitter aren't the first or the only social networks trying to gain the interest of major entertainment studios, they just happen to be the two largest players doing so today. Few individuals understand why Hollywood is so reticent to embrace social media more than Chad Hurley and Chris DeWolfe, co-founders of YouTube and MySpace, respectively.
The pair are no longer involved in the companies that brought them fame and fortune, but their thoughts on the future of social media carried a unique perspective here.
Hurley, now the CEO of the video creation platform MixBit, says he's intrigued by the rise of anonymous sharing but he believes identity still serves a greater purpose online. The instances where identity might be holding someone back from sharing content are rare, he says.
"If you want to become famous, you share it with the world," says Hurley, explaining why MixBit decided to drop the capability to upload videos anonymously.
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Social Media Still Has Little Marketing Impact in Hollywood