A Cambrian Explosion of creativity
What’s happened? It could be compared to the Cambrian Explosion that saw complex life forms emerge on earth millions of years ago. It’s theorized that the chance convergence of environmental factors saw a sudden (in evolutionary timeframes) development of complex species.
The same explosive development is happening in the platform world now. A Scottish mailman singing sea shanties has earned a worldwide audience. An American singing and skateboarding to Fleetwood Mac won the internet and parlayed his new fame into a commercial career. Even politicians are successfully attracting attention: Rep. Alexandria Ocasio-Cortez’s Twitch stream that encouraged voting drew 430,000 concurrent viewers5.
User-generated content is as old as the internet. But the current explosion of creativity, virality and engagement is taking things to a whole new level. Some recent work that we did with the World Economic Forum to explore the future media landscape highlighted the trend towards content creation democratization. There’s a new class of consumer-creator emerging.
Combining creativity with virality, they are reaching global audiences in the millions. UK-based broadcaster ITV aired user-generated remakes of popular ads, which drove higher brand impact than the originals. On YouTube, MrBeast ––who now has more than 53 million subscribers– initially captured attention through the viral spread of his video in which he counted to 100,000 in real-time and now creates mega budget viral videos like eating $100,000 ice cream. The distinction between professional and amateur is fading away as new platforms give direct access to content creators whose success or failure is determined by their ability to engage, not their career standing.
A global, captive audience
COVID drove a need for creative platforms and influenced a demand for content that’s light-hearted and, above all, fun. TikTok, for example, makes it very easy for users to watch quirky, short-form video content. If something doesn’t grab their attention, they can flip to the next video without having to choose from a list of suggestions. And TikTok makes it easy to watch instantly. There’s no sign-up or list of preferences to check. Users download the app and away they go. Algorithms serve content to users according to likes and dislikes, but TikTok has also become highly sophisticated at understanding what is in each piece of content to increase relevance and personalization. Ads also rarely get in the way of the user experience because TikTok has encouraged advertisers to make content that fits the platform's tone and style.
That sets a tone for what the platform carries that seems to have struck a chord with its users. In short, they’re looking for a distraction from the grimmer reality of lockdowns and bad news. Its content is exactly right for these times.
But looking to other media also shows a surging appetite for new content that’s breaking through national barriers to reach global audiences. Bridgerton, one of the biggest lockdown hits of the pandemic on Netflix, hit the number one spot in 82 countries6. Lupin (the first French-language series to make the top 10 in the US) has already had 60 million views worldwide7 since its release on January 8, 2021. One outcome? A considerable rise in content spending as incumbents battle with new competitors for consumers’ attention.