Who’d be a publisher right now? Revenues are dropping, print is going out of fashion (for most of the world), and people are no longer reading long form. So, what does one do? The answer may be to produce content for others.
Earlier this month Dubai-based publisher ITP announced the launch of ITP Live, a new division that would focus on five areas – creating a social media influencers’ agency, video content creation, digital sales representation, e-commerce, live events and training.
Another Dubai-based publisher, Motivate, works with companies to offer products such as video creation. To quote from Motivate’s own website, the firm is able to “conceptualise, storyboard, film, produce, host and share with our audience a beautifully crafted engaging video.”
Creating good content is only half of the battle. For firms seeking out content creation, the appeal of pre-existing media channels to distribute that content may be too good to resist. But, there’s the ethical question of boundaries. For a publisher which is offering a content creation service, should they also offer clients the opportunity to use their media vehicles to distribute that content? Would the usual editorial rules apply?
The Middle East’s publishing sector has been more fortunate than most when it comes to growth; with the exception of the downturn in 2008, relatively few publications have gone belly-up. However, the strain on budgets is telling. Many publications which had a roster of staff now only have one or two editors. With marketing budgets either shrinking due to the economy or being shifted to digital, will more publishers go down the content creation route? How will this affect their editorial policies and how will this affect the public relations industry?
For years, communications and marketing agencies have been the preferred option for companies needing either written or multimedia content. This content would have then been shared, either online or through traditional media channels. Will publishers now begin to compete with PR agencies? There’s lots of lines which are now being blurred. Where do you think we’re heading? I’d love to hear your views.