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Expert Advice put to Work

For the past year I have been working on a business plan related to the film industry called On It Productions. In the last post I mentioned Mark Cuban and Guy Kawasaki and their experience running and creating businesses. For this business plan I will take what Guy Kawasaki has said and put it to use. The central point of Guy’s advice was to use the 10/20/30 rule. What is the 10/20/30 rule?

To make a pitch in less than 10 slides
Take no more than 20 minutes, and
Use a font no smaller than 30 points.

In my opinion, this was very good advice since I began researching starting a business. It makes you become succinct in your ideas an in communicating them. The central point of my pitch is to Be On Target, On Point, and On Time. I am selling reliability, competence, and convenience. Everything else about my business is standard to the staff leasing industry. The specialization of On It Productions is that we cater exclusively to pre-production, production, and post production phases of the film industry providing crew staff. We utilize technology for a streamlined administrative and communication process. We promote using our website presence as the central portal of communication.  Using a font no smaller than 30 points in ten slides.

Regarding Mark Cuban, he looks for new angles. Things that have not been tried before. On It Productions relies heavily on technology to manage, execute, and communicate with all levels of customers. Our primary corporate philosophy is one of customer service. We view our employees as customers, our clients as customers, and our contractors as customers. We strive to interact with them in real time utilizing text, mobile apps, telephone, email, social media, and ultimately in person. We use these forms of communication to enhance our one on one personal service. When we interact with customers at all levels, our focus is to instill our values and establish rapport so that future communications using electronic formats are associated with a positive experience. Our account executives have the resources to extend the company to maximize name recognition and further promote our brand.

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Experts 
Views on 
Business
 Plans

When it comes to creating a business plan there are a few experts who could give you insight on tips of a well thought out plan. Today I will be talking about two two successful and well known angel investors and entrepreneurs: Mark Cuban and Guy Kawasaki.


Mark Cuban was born in Pittsburgh, Pennsylvania to a middle class family. At the age of 12 he was selling garbage bags door to door. That entrepreneurial spirit lead him to founding HDNet, Broadcast.com and MicroSolutions. Mark has invested in numerous other start up companies such as Mahalo, JungleCents.com and Motionloft.com. In 2004 Mark purchased the Dallas Mavericks, the 2011 NBA World Champions. He currently co-owns Magnolia Pictures and Magnolia Home Video. According to Forbes (forbes.com) he has a net worth of $2.5 Billion.

Mark is a trend setter not a follower. With business concepts he looks at things that are new and different, an example is the movie Bubble, which he release across multiple platforms in 2005 including theatre, cable, satellite Internet and DVD. This was to give consumers a choice as to how they wanted to see the film. (imdb.com). Mark is a regular angel investor on the ABC Network television show Shark Tank, where upstart entrepreneurs get an opportunity to pitch their businesses before Mark and other millionaires for investment partnerships. Mark frequently looks for the odd man out, non-traditional ideas that have the potential to make an impact on the world while at the same time, make him money.


Guy Kawasaki was born in Honolulu, Hawaii in the 1950s. He is the co-founder of Alltop.com and a former Chief Evangelist of Apple Computers.

Guy Kawasaki has tips for help with a business plan. He has a 10/20/30 Rule for a business plan PowerPoint Presentation.First, the presentation should be no longer than 10 slides. These slides should address his 10 different points which include “Problem, Your solution, Business model, Underlying magic/technology,Marketing and sales, Competition, Team, Projections and milestones, Status and timeline, Summary and call to action.” Second, the length of the presentation should be no longer than 20 minutes. Finally, the font size should be no smaller than 30 points. blog.guykawasaki.com
These key considerations because they are to the point, Short, and they demonstrate that the person presenting is well informed of their subject matter.Mr. Kawasaki has invested millions using these rules.



Other resources used in this blog
www.biography.com
abc.com
www.forbes.com
www.imdb.com
www.guykawasaki.com

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MTV’s Social Media Presence


Most major companies have a Twitter, Facebook or some kind of social network account. Major entertainment industry companies are no exception. MTV Networks is one of them.

MTV Networks is a division of Viacom and some of their networks include MTV, VH1, CMT, and Nickelodeon. But for MTV network in particular they have a major social media presence. Some of the reasoning behind this can be attributed to their young target audience and the greater ability to reach them through social media.  Their Facebook and Twitter page contains current updates about things on their network. These social media accounts, Facebook in particular allows for discussion boards and comments on various posts.

With more and more companies using social media it has morphed them into more customer friendly companies. With the ability for unhappy customers or viewers to freely air their frustrations, a lot more companies have become aware of that and try to correct their error if they can. For the viewer or customers it creates a sense of connection with the company that would not have happen without the use of social media.

For MTV their social media efforts have been successful. There is not much I would change about it. They add updated content on their pages regularly.  Most of it relates to upcoming programming. They could use individual’s comments from twitter and Facebook and use that to integrate more into their programming. I think doing exclusive contests through the social network platform would help increase their social network presence.

Individual shows on MTV also made good use of social media. According to an article “MTV’s social media success story.” The show “Skins” was promoted differently than MTV’s other programming because they began promoting the show 3 months before it aired rather than after the premiere.  MTV took advantage of several social media platforms including a Facebook fan page for the show, a twitter account for “Skins”, a tumbler page, 3 mobile apps and its own website.  With the help of so much social media buzz the show “Skins” premiered with high ratings for a cable network.

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Story Arcs in Primetime Television

For all of the television fans this post will interest you. Today most scripted television shows have a storyline throughout the season called a story arc rather than a season of self-contained episodes. This could either keep viewers hooked throughout the season or make more viewers ready to give up on the show if they miss an episode. However, with the availability of many past episodes available online that may not be an issue either. Non-the less most shows use story arcs not just dramas like “Lost” but sitcoms like “Modern Family” as well. Just a few decades ago story arcs were used for soap opera shows. Story arcs also make syndication a bit tricky since the episodes would need to run in sequential order to make sense to a new viewer. There are shows that have story arcs as well as episodes that could be stand alone while barely grazing the arc, some might call those filler episodes. Shows with running storylines gives more dimension to the character and often involves a more darker and serious show.

This is why for the die-hard fanatics of a television series with story arcs that gets cancelled can be frustrating.  Long running television shows usually get cancelled due to a slump in ratings at the end of the last season. However, this system is based on the model of self-contained episodes rather than story arcs. Therefore, unless the network and the producers have decided it previously, all of the story arcs are not resolved by the final episodes. One example of this is the show “Firefly”. It was cancelled after only airing 11 episodes afterwards there became such a fan base for the series that a movie was created called “Serenity” in which the story arcs were resolved. There should be a new model of canceling a series possibly allowing for a shortened new season in which the story arcs are resolved, earlier notification of the cancelation which gives enough time to resolve the story or what some shows like “Lost” and “Desperate Housewives” have done by agreeing on an end date for the series years in advanced.

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Digital Marketing


In the last 20 years the world has seen technology change in ways unimagined prior.  Technology including the wide spread use of the Internet has altered almost every industry. This includes the entertainment industry, film and television to be specific. With this huge convergence to the digital realm comes the prevalence of digital marketing. More and more ads are being put on the Internet compared to print or television. Companies are also creating viral ad campaigns to attract new customers in different ways.  Most television shows not only show on air but online as well. Most of this has to do with people in society wanting things on demand. Now it is so easy to keep up with two different shows that air at the same time on different networks. Viewers have the option of recording them both on their DVR or watching them online at a later time. Movie trailers are now shown on the Internet.  Ads are very prevalent on web sites with a lot of traffic. Major business model for many websites is to make it free to the subscribers and charge for advertising. For statistics on online advertising visit: http://www.grabstats.com/statmain.asp?StatID=342. This shows that digital marketing is very heavily relied on for many companies especially those that are trying to reach a younger audience. In addition to pop ups, ads on the side of the page or ads during a video there is email spam. It is the digital version of mass mailing people. And just like those flyers people throw them away, in this case they delete them or put them in spam folders. Companies try to get patrons to sign up for an email news letter or something similar that way the individual receiving it is more likely to view it. Expanding even more into the digital marketing realm is the world of social networks that consist of the major ones like Facebook and Twitter. Not only do you have companies paying to advertise on those sites you also have them creating accounts and creating a fan base to interact with. Creating yet another layer of digital marketing.

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Informative Podcasts On Legal Issues


Recently I was listening to a few podcasts discussing entertainment law. I have listened to three podcasts including Entertainment Law Update Podcast premier episode, episode 018 and Episode 10. The first podcast was the Premier episode of Entertainment Law Update. You can find more information about the podcasts on the website http://www.entertainmentlawupdate.com. Gordon Fire Mark and Tamera Bennett discuss entertainment related legal issues. They both have experience with some areas of entertainment law and intellectual property. The podcast has interesting discussions. One of the issues they were talking about was in regards to a film called Push, later renamed Precious. Both Lionsgate and Weinstein Company wanted the exclusive rights to distribute the film in the US. Apparently the producers of the film agreed to a deal with Weinsten Company and then later agreed to one with Lionsgate. The question asked in the podcast was, “When is a deal a deal?” at the time of the podcast in 2009 all 3 parties were in litigation. Gordon’s view was that in this situation there should be plenty of terms outlined in the agreement sated clearly. Tamera’s question about this issues was that with the ability to sign contracts online with an e-signature how could that apply and effect copyright.
The second podcast I listened to was also part of the Entertainment Law Update series, episode 18. This was created more recently. One case they touched on briefly is the lawsuit between the creators of the film The Hurt Locker and an Iraq war veteran who was suing because he thought one of the characters in the movie depicted him in a defamatory manor. In the podcast Gordon says that the creators are responding with a claim of anti SLAPP(Strategic Litigation Against Public Participation) motion in the state of California which is a defense against a claim that restricts of free speech. The creators are seeking that the veteran pay all of their attorney’s fees.
The third podcast I will talk about is Episode 10 in the Entertainment Law Update series. A major film industry related topic it talks about is the film Avatar. Since it was a big award winning movie there have been several lawsuits filed  for which individuals are claiming that they created the idea of the movie. Gordon asks the question what is protectable and what is not? Tamera explains that copyright does not protect an idea and there are always going to be similar ideas. I think there are only a finite amount of basic themes but many ways to express them. Gordon says that making the people blue and other little elements like that do not make a copyright by them selves but putting it together does.
Over all the podcasts in this series are very informative on legal issues not just for film related cases but all areas of entertainment. These podcasts are a great thing to listen to get opinions from entertainment attorneys about current entertainment cases.

More for more information on these podcast visit http://www.entertainmentlawupdate.com

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