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The Rebirth of Radio Thanks to Social Media

Event Interactive 2011
Format Panel
Organizer Elliott Hurst Supernova Interactive
Description With the dramatic success of the Seeds and River City Rocks Radio contest communities, Supernova Interactive has discovered the key to stimulating Radio revenues, while simultaneously strengthening Radio's relevance to the audience. Radio is entering a 4th renaissance: in the 50’s TV threatened radio and they responded with the Top 40 format. In the 70’s the FM band became available and radio responded by limiting the AM band to "Talk Radio", while music was pushed to the higher quality FM band. In 2000, radio was again threatened with listener fatigue, the consolidation of the radio stations, and the Internet. The shift to the online consumption of media requires a new approach for connecting traditional channels to new audiences in an exponential / viral capacity. This is where Supernova Interactive has succeeded for over 18 years. By having an online platform through which local bands can promote themselves, music programmers can carefully hand pick the best crowd-sourced music to play on air; then radio again becomes the lynchpin in emerging artist development. Through these newly evolved online social networks for Radio, Supernova Interactive is helping build a local market that will get bands on the radar while engaging audience and generating real revenues for Radio.
Questions
Answered
  1. What does online community mean to the Radio music industry, beyond the fan club?
  2. How can Radio leverage social technology to effectively engage their audience, in a way that remains relevant to music?
  3. How does the Supernova Interactive platform monetize Radio listener engagement and create new revenue streams?
  4. How do the social features of the platform give independent bands a conduit to achieve mainstream Radio recognition?
  5. What is the true value of using local bands and fan engagement to create a solid revenue stream for Radio?
Level Beginner
Category Social Networking
Tags independent bands, music recommendation, radio