Wetpaint CEO Ben Elowitz on the Future of Digital Media
This is the second chapter of our Rebooting Media think-tank series. In this video, our thought leaders address the question:
Do curators bring value to content creators, or are they just stealing content?
Hear media industry executives debate the pros and cons of web curation in the video and read the most salient comments below.
Curators are the new editors.
As we’re overwhelmed by an increasing number of voices and information channels, we look to curators to sort through the clutter and tell us what’s important.
“I’m one of those people who reads or watches or listens a little more than the average person. If a person wants to stay up to date on certain topics but they have a family or a job or a life, curation services can help break through and deliver.” —Jason Hirschhorn, Media ReDEFined
“A curator is an editor, essentially. You become a trusted source by doing the hard work for your audience and telling them what’s important, whether you’ve written it or not. Traditionally that’s been the role of great newspapers; now that function is being spread across the web.” —Erick Schonfeld, TechCrunch
Publishers have a love / hate relationship with curators.
Curators help to expand a publisher’s reach, but the publisher risks losing credit (and traffic). Curators who link back and republish only enough to pique interest will keep publishers happy.
“A lot of money goes into making a piece of content, and then it shows up on somebody else’s website where they are ‘curating.’ That’s one word for it, and ‘stealing’ would be another. That’s a difficult balance: we want them to put our content out there but, ultimately, if you don’t come back to us, then we’re not capturing the full value.” — Jeff Berman, NFL Digital
How does curation become a real business? Just add creation.
Curators provide a valuable service to consumers and publishers. But can you charge for someone else’s content? The most compelling model going forward will be a curation / creation mix from trusted voices.
“I’m interested in content curators that are getting into the creation game. Buzzfeed, for example, was a driver of viral content. Then they shocked people by hiring editors and journalists and breaking a story. They took content that they owned and used the tools and algorithms they had to publish it into the social feed.” —Greg Clayman, The Daily
Part 3: Paid vs. Earned Media
For more from these thought leaders and others, download a PDF of the full publication Rebooting Media: The Digital Publishing Revolution for a Fully Social Web.