When that famous ball dropped in Times Square to mark the start of 2015, millions of viewers around the world had access to the event thanks to Ustream’s six-hour live streaming broadcast. It was a most appropriate beginning to what Ustream CEO Brad Hunstable is calling “The Year of Video.”
“I think 2015 will be the year of video,” Hunstable recently told the International Business Times, “so it’s sort of fitting that we bring this into the new year with this really interactive, really HD, high-quality New Year’s Eve presentation.”
So what is driving this surging interest in live streaming video? One word: business.
“The business model for Ustream has been traditionally advertising,” Hunstable said, “but what’s interesting is over the past few years we’ve really doubled down our efforts to become a SAAS [Software-as-a-Service] company. We’ll license and sell our technology to media companies and enterprises that need really powerful and highly scalable video solutions.” (Read the full article here.)
Hunstable echoed those same sentiments when he spoke with SiliconANGLE at IBM Impact 2014:
“If you look at where the growth is happening in video — most people don’t realize this — most of the growth in this next wave is going to happen within the enterprise … The enterprise is a tremendous opportunity, and what you’re going to see coming from Ustream, we’re going to continue to provide really robust solutions that solve the needs of these organizations for productivity, transparency, to connect with consumers and their employees in deeper ways … Every corporation today is a media company.”
The data supports Hunstable’s assertions: According to a recent study by The Aberdeen Group, 95 percent of Best-in-Class marketers are using video as part of their content marketing mix.
So, will 2015 be “The Year of Video?” We think so!