Live Video Casting – the New TV
Imagine being the owner, executive producer, director, actor and programmer for your own live TV station. Stop imagining. No, the FCC didn’t offer you a free license to operate neither did Rupert Murdoch just toss you the keys to one of his TV channels. You are now streaming your video content live on one of the available channels on such web services as LiveStream, Ustream, Stickam and Justin.tv to the entire world. Not much capital investment needed (3G phone or webcam) and no license to operate required. Live video casting is not new to the internet but what’s new is that 3G technology expands the boundaries to provide and view content anywhere anytime.
This isn’t blogging – this is live which is quite a different social dynamic. For example, you’re a talented musician and want to get your material recognized. By advertising a free live concert with the service provider, you perform and people can see your raw talent knowing there has been no editing to fudge the performance. Not everyone is plugged in to a broadband connection because they’re at the local pub but 3G puts the performance in your hand. Of a more corporate nature, a CEO wants to address all his employees with the latest company news. Some of his employees are at their desks and others are on the road with their 3G handsets. An announcement is sent out that the boss wants to address the entire company and you can tune into www.livevideocast/XYZcorp at 1PM and he’ll also field the IM questions you may have. Or perhaps there’s that once in a life time event – your 5 year old daughter is performing her first ballet recital and you have family that can’t be there because they live all over. Imagine the joy your daughter will have when she knows grandma, grandpa, aunty May, uncle Buck and all the cousins are watching her live. People can host their own cooking shows, sitcoms, provide coverage for their son’s little league final (CBS didn’t want to pick up the rights) or offer a home improvement show with advertising for carpenter services. With 3G, you can view or stream live from anywhere. All these scenarios have recording options as well.
For a provider of live video casts, the opportunities for some sweet moolah are as limitless as the imagination. There’s the advertising, airtime, recording fees, etc. How people watch video has change considerably in the last few years. How they watch live video is about to change thanks to live video casting value added services and 3G.