Jay-Z Writes New Rules for Music Millionaires

jayzblueprint

Jay-Z says he’s writing new rules. But for whom?

The multi-millionaire rapper created a firestorm of PR by launching an innovative deal with Samsung to distribute 1 million copies of his new Magna Carta Holy Grail album through a special app exclusively on Samsung phones before the album went on sale publicly July 9. Samsung reportedly paid $5 for every album, meaning Magna Carta Holy Grail sold $5 million before a consumer purchased a single copy. Samsung became a music distributor overnight. And the Recording Industry Association of America was inspired to change the way it tracks the sale of digital albums to account for the 1 million units sold instantly.  It’s no wonder Jay-Z has been tweeting about creating #newrules, and Billboard has gushed about “Jay-Z’s New Blueprint.”

jay-z-s-magna-carta-holy-grail-album-artwork-displayed-next-to-real-magna-carta

Essentially, two big brands, Jay-Z and Samsung, are distributing music together as Jay-Z and Nokia did 10 years ago. But how repeatable is the Jay-Z model for the entire music industry? The example of Radiohead is instructive. Radiohead, another Continue reading

Real-Time Marketing Gets Real

Only marketers who understand how to interact with the always-on consumer in real time will succeed. That’s the premise of a new book written by my iCrossing colleague Rob Garner, Search and Social: The Definitive Guide to Real-Time Content Marketing. Search and Social is the primary resource for helping CMOs become real-time content marketers with always-on consumers.

Garner is certainly not the first pundit to comment on real-time marketing (a brand being always present for the always-on consumer). Regis McKenna was writing about real-time marketing in 1995, as noted by Richard Fouts of Gartner. Continue reading

4 technologies every CMO must know

In 2011, IBM released a report that identified the four biggest challenges keeping CMOs awake at night: the explosion of data, social media, the proliferation of channels and devices, and shifting consumer demographics. Those challenges also represent growth opportunities with emerging technology as the catalyst. To help marketers anticipate and respond to a constantly changing marketplace, I have collaborated with four of my colleagues at iCrossing on a white paper, Four Technologies Every CMO Must Know in 2012.

Four Technologies Every CMO Must Know in 2012 uses (I hope) approachable, down-to-earth language to explain geeky sounding terms like HTML5 and Hadoop – and discusses their business impact on marketers. For instance, a section on the data management platform (DMP) focuses on how a DMP helps marketers segment audiences and customize content more effectively.

The paper is the result of the efforts of Doug Bryan, Mac Ling, Malcolm Leach, Matt Pouttu-Clarke, and myself. We combined subject matter expertise ranging from analytics to mobile. As we say in the white paper, it’s important that marketers get into the habit of becoming more comfortable with technology, and it’s also pretty easy to do so thanks to the proliferation of free content from the likes of Forrester Research, Gartner, and Mashable.

What technologies are you tracking?

Are you experienced?

Engagement-based marketing is all the rage. Forrester Research, Gartner, and JupiteResearch have all published major commentary on engagement in the past 12 months. Agencies like my employer Avenue A | Razorfish are talking about the importance of building brands through experiences that engage consumers, online and offline. David Polinchock of the Brand Experience Lab publishes a popular blog, The Experience Economist. In reality, marketers have been pursuing the holy grail of engagement since Starbucks proved that you could charge a premium rate for a cup of coffee if you provided a memorable experience (probably even before that). So why all the talk now – and why will agencies like mine continue to talk about engaging experiences? I can think of three reasons:

Continue reading

Are you experienced?

Engagement-based marketing is all the rage. Forrester Research, Gartner, and JupiteResearch have all published major commentary on engagement in the past 12 months. Agencies like my employer Avenue A | Razorfish are talking about the importance of building brands through experiences that engage consumers, online and offline. David Polinchock of the Brand Experience Lab publishes a popular blog, The Experience Economist. In reality, marketers have been pursuing the holy grail of engagement since Starbucks proved that you could charge a premium rate for a cup of coffee if you provided a memorable experience (probably even before that). So why all the talk now – and why will agencies like mine continue to talk about engaging experiences? I can think of three reasons:

Continue reading