Download Periscope, Twitter's just-launched live video-streaming app,
and you'll find people broadcasting all sorts of mundane stuff: waiting
for AT&T to fix their wiring, getting out of bed in Silicon Valley,
looking outside their office window in Chicago.
Watch the videos, and you might ask yourself, is this really the next big thing?
It
could be. Check back in a few months, and you'll likely see much more
enticing content. After all, the first tweet, sent by co-founder Jack
Dorsey in 2006, simply said "just setting up my twttr." Now nearly 300
million people tweet photos and messages every month for work, play and
social commentary.
Twitter bought the company behind Periscope
earlier this year for a reported $100 million. The launch comes in the
heels of rival Meerkat's breakout at the South By Southwest Interactive
tech gathering in Texas. The simple app allows people to live stream
anything at the touch of a button and dominated conversations at the
festival. The app used to let users automatically tweet live streams
too, but since buying Periscope, Twitter limited Meerkat's access.
Meerkat,
rightfully worried about becoming second fiddle so quickly, announced
Thursday that it scored an additional $14 million in venture capital
funding.
Here are a few things to know about the emerging trend of live video streaming.
WHY NOW?
Meerkat
and Periscope are not the first live-streaming apps by any means. But
they are emerging as more people are shooting video with smartphones and
sharing their experiences on Facebook, Twitter, Snapchat, Instagram and
a slew of other platforms. And when it comes to business marketing,
smaller, emerging services might be more effective than getting lost in
the shuffle on big social networks, according to Forrester Research.
"Marketers
who prioritize investments in Facebook and Twitter's over-fished waters
are missing a big opportunity to engage with customers on smaller
social networks with emerging platforms like video," Forrester's James
McQuivey and Julie Ask recently wrote.
MEERKAT VS. PERISCOPE
Meerkat
was one of the big surprise hits of SXSW earlier this month. The app
initially let users automatically tweet live streams to their followers,
but that came to a halt after Twitter acquired Periscope and limited
Meerkat's access to its service. While the two have many similarities,
the automatic linking with Twitter followers gives Periscope a big leg
up.
Other differences: Meerkat streams are public-only and
live-only. Periscope lets users limit who can see their broadcasts and
offers viewers the opportunity to send heart icons to streamers, akin to
Facebook's "Like" button. Video streams also can be saved to replay
later.
Neither app works without Twitter - you'll need an account to get started. Facebook, so far, has been silent on this front.
POTENTIAL?
Remember
when sharing a photo of your breakfast seemed like a crazy thing no one
would ever want to do? It wasn't that long ago. Live streams might seem
equally crazy now, only to become second-nature in just a few months.
From news broadcasts to travel adventures and birthday parties and
weddings shown to far-away relatives, the possibilities are all there.
All you need is a Twitter account and a solid Internet connection on
your smartphone. For companies, there's major potential for advertising
and a way for brands to connect directly with customers.
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