by Richard Kastelein (originally published at Atlantic Free Press)

Whilst the mainstream media players are quietly pushing their technology and innovation teams to the maximum across the world in a race to marry Social Media and TV, most of the public remains oblivious and left out of the loop, mainly due to offerings being in Proof of Concept (POC) stage or not even… and still on the chalkboard.
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(Originally published at Atlantic Free Press)

by Richard G. Kastelein

If we all thought the Facebook and Twitter social media growth phenomena were extraordinary, wait until Social TV hits your screens.

And it’s not as far away as you think — not only with the logical IPTV market, but also terrestrial TV. I recently attended the International Broadcast Convention (IBC) in Amsterdam, which bills itself as ’The content creation management delivery experience’. IBC2008 attracted 49,000+ visitors and 1,300+ exhibitors from more than 130 countries. This year is expected to be bigger. Last year, I was part of a team exhibiting at MIPTV in Cannes, and was expecting something a bit similar… but this was almost all about hardware and software and less about the actual formats and programs. However, this was not a disappointment. For embedded in the show there were some jewels… which have profoundly altered my view of Social Media, the future and the implication of reach that will touch billions not millions.
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One great term I really came to understand at PICNIC 2009 in Amsterdam was ‘disruptive technology’ and I realized that that’s really what really works in terms of building successful startups.

Following the sheep is such a hit and miss proposal. Thinking out of the box… opening up one’s mind to the changing landscape of convergence in media is really the key to being a successful entrepreneur.

My interpretation of Disruptive Technology is… it’s technology that turns an old economic model on it’s head and creates a new revenue model and helps change the behaviour of consumers.

Here’s some talks that really had an impact for me.

Niklas Zennström

Skype founder and now-billionaire Niklas Zennström, stressed in his talk that companies that are willing to embrace and develop disruptive technologies are the ones who can really have an impact and succeed financially. He also talked about being so broke between the time Kazaa failed and Skype started that he was back to working out of his apartment. What a long way he has come in a very short time. Kazaa failed because they were too early and could not develop a viable business model around it. They came up with Skype after they started a platform for developers called Jolt – which was an application building space and someone came up with a early idea of VOIP technology and how it can be used – which led to the development of Skype. And we all know how much impact Skype has had, particularly due to the adoption of the product and service with mainstream US TV such as Oprah and Dr. Phil.

He added that building products and services in Europe is a brilliant place, due to the ability to test in smaller markets (Holland, Denmark etc.) first, then reach out to the rest of the continent.

Now Zennström, worth over a billion euro, has a venture fund at Atomico Ventures, where he helps startups with money and advice.

“Entreprenuership is not a job, it’s a lifestyle.’

– Niklas Zennström

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by Richard G. Kastelein

This work is a summary of “Innovation at the Edge: Social TV and Beyond,” by Natalie Klym and Marie Jose Montpetit, MIT Communications Futures Program, September 1, 2008, link to the original paper.

The transition is happening. Convergence is inevitable. At least I think so.

How much longer will it be (or can we handle) until we move from our passive, numbing, anti-social, traditional TV screens to a more connected and shared, interactive TV space with family, friends, and communities?

Not long. There’s too much of a need for this change.

A full 57 percent of US Internet users reported browsing the Internet and watching the TV simultaneously, according to Neilson Ratings (PDF). On average, Americans spent about 2 hours and 39 minutes per month doing these activities together, with almost a third of their Internet time being spent in front of the TV. “This simultaneous activity is one reason we see continued growth of both Internet and TV consumption,” wrote Nielsen.

What does that mean?
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