Several months ago I wrote an article on Bitcentral, the dominant provider of news production systems known for their efficient media workflows and their highly anticipated FUELTM digital platform solution. FUEL empowers and enables TV stations and content providers to open up new revenue streams by giving viewers the choice to watch a newscast from the beginning any time they want, personalized to their viewing preferences on their TV, phone, tablet or computer. FUEL helps overcome the lack of monetization on YouTube, Facebook and the like by teasing content on social media and monetizing it on a broadcaster-controlled platform. This is a long overdue game changer for broadcasters and media companies because FUEL gives them the right tools, the right products and the right analytics to better monetize their content and advertising across all platforms. With that said, I have been waiting for an early adopter win to validate the technology and my prediction. Luckily, I didn’t have to wait long and Bitcentral didn’t disappoint.
Cowles Broadcasting’s KHQ in Spokane, WA, has recently integrated Bitcentral’s FUEL digital platform into their newsroom workflow. KHQ needed an easy path to generate new digital revenue utilizing their existing assets that would increase viewer engagement, thus creating more advertising avails. After their due diligence in researching technology options, KHQ turned to Bitcentral to take advantage of FUEL’s Linear on DemandTM streaming channel functionality and automation, which seamlessly delivers stories across all devices and digital platforms personalized to each viewer.
“We are incredibly excited about integrating this transformative platform that figures to forever alter the media landscape,” said Neal Boling, Cowles station executive. “We look forward to seeing how much FUEL can maximize new digital revenue using our existing assets. It’s time that digital ad dollars stay with the content owners, and FUEL is doing that for us,” added Boling. Mr. Boling presented at last month’s News Technology Summit discussing his station’s successful shift to FUEL’s digital-first integrated workflow, server-side streaming engine for live newscasts, and delivering content the way it’s consumed for an immediate audience consumption, replacing on-air ads with targeted digital ads.
Fred Fourcher, Bitcentral’s founder and CEO remarked that the company was excited to see KHQ benefiting from FUEL’s comprehensive feature set. “Cowles is a great match for FUEL because of their multiple stations and desire to take advantage of and expand digital content across their enterprise,” continued Fourcher. “FUEL provides a personalized viewing experience as engaging as TV, resulting in longer viewing duration, which increases monetization of our customers’ online video content.”
After almost two decades of TV stations being online, broadcasters are only achieving a fraction of the online ad revenue they could potentially capture. FUEL is turning that around with its simple-to-deploy, end-to-end workflow that makes it easy to “spin up personalized channels” – which combined with a great viewing experience is resulting in initial 4X viewer duration times. Bottom line for TV stations is longer viewing times, more ads, and more revenue. Not a bad win-win scenario.
His agencies’ services, for over two decades, have helped garner early stage and growth companies significant brand exposure, resulting in either acquisition or IPO, with a total valuation of over $2.0 Billion.
Mr. Chan is a serial entrepreneur, philanthropist, author and angel investor. He played key executive roles early on in helping to usher in both digital audio and digital video technologies for the recording, broadcast and post production industries. His expansive background spans over three decades in ever increasing executive roles in operations, business development, engineering and sales/marketing in the information technology, media & entertainment, storage and networking, and other related high technology industries. He is an active mentor and senior advisor to many established and start-up companies, a market/technology analyst, and has over two decades of experience in brand development, management consulting / company turnarounds, creative advertising and public relations.
A graduate of California Polytechnic State University, San Luis Obispo, Mr. Chan is celebrating his 12th year as a board member of the Fullerton College Foundation, 16th year as an Entrepreneur-in-Residence and mentor for the Small Business Institute at California State University Fullerton and incubators. Additionally, he is a volunteer member of DECA (Delta Epsilon Chi and Distributive Education Clubs of America); an advisor to the College of Engineering's Global Waste Research Institute, incubator mentor, Cal Poly, San Luis Obispo and a member of the President’s Green and Gold Society. Passionate about hospice care, he was the past Board President for the Healing Hearts Association; and is a regularly featured speaker at many MBA and Doctorate level lectures around the country. He has presented and published over 30 papers worldwide, is a book co-author, an editorial board member for the Society of Motion Picture and Television Engineers, Senior Editor for Broadcast Beat Magazine, past Senior Editor for Computer Technology Review, and is a regularly featured Contributing Editor to many US and international trade publications for over 30 years.
View Cognitive Impact services at www.cognitiveimpact.com. Curtis can be reached at firstname.lastname@example.org; Office: (714) 447-4993 or email@example.com.
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