Jul
14
2009

MySpace – Returning to Entertainment?

I was living vicariously through WSJ’s Julia Angwin’s Mogul-fest tweets last week (ironically throughout the week she tweeted that several moguls didn’t see the future in Twitter).
While in Sun Valley, Angwin reported a brief interchange with Murdoch regarding the future direction of MySpace. Murdoch stated that MySpace needed to be re-focused “as an entertainment portal.”
Having followed MySpace via Hitwise over the last five years, I was interested to see what user behavior revealed regarding MySpace’s positioning in the online entertainment space. Clickstream (or what sites were visited immediately prior to and after a subject site or industry) provides an interesting angle on that question.
At one point in its history MySpace was the most significant contributor of traffic to Entertainment – Mutlimedia sites (YouTube remains the #1 site in that category) providing over 35% of traffic to the category. As the chart below illustrates, that percentage now hovers below 10%.
myspace5.png
As I wrote in Click (and Angwin goes into much greater depth in her book), MySpace’s initial growth focused on community and music. Here’s a chart of MySpace’s contribution of traffic to the Music – Bands & Artists category.
myspace4.png
As a top 5 site with 3.45% of all U.S. Internet visits, MySpace remains a massive force to be reckoned with. However, as the two charts above illustrate, the site has become increasingly removed from Entertainment and Music traffic.


    • Tim
    • July 14th, 2009

    Bill, any chance of remapping Myspace’s contribution to Entertainment over time in tandem with Youtube’s contribution? Be interesting to see the comparison.
    Cheers (and thanks for Click)
    Tim

  1. Bill,
    Fascinating seeing the decline in the stats.
    Mid-2006, when Bands and Artists Upstream was taking off, was the same time I blogged: Will MySpace monopolise music marketing?
    It was based on observing that London-based indie bands were suddenly all adding a MySpace URL to their street posters: http://tinyurl.com/mazpl9
    MySpace could still do well with an entertainment-based strategy, given News Corp’s massive video assets, but it’s Bebo that has taken the lead with its Open Media approach of inviting media owners to establish a presence there and also in commissioning a wide range of original online TV shows.

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