Sabrina Peduto, Andrea
Mitchell, Dave Berall, Deven
Smith, Gil Sena
Examine Youth Spending Power
Examine MTV
Propose Change
The Current population for
Americans ages 10-24 is
60 million
According to
RevenueToday.com that age range has $250 billion to spend
American’s ages 18-24 had $122 billion dollars in spending power in 2004
What do they spend that money on?
•
$3 billion a year on movies, DVDs, music and video games
Where does the money come from?
•
75% of college students have jobs
One of the largest networks on the planet!
Reaches more than 480 million households in 179 different countries.
There are 89 million domestic subscriber households
Is the #1 24 hour ad supported cable network among 12-34 year olds.
MTV’s total advertising revenue for 2006 was more than $1.4 billion
Viacom, who owns MTV Networks, total revenue for 2006 was $11.4 billion, the gross profit was $5.4 billion
MTV was named the “World’s Most
Valuable Media Brand” in 2005 for the 6th year in a row
• MTV Networks purchased the College
Television Network in 2002 and changed it to
MTVU
•
It targets 18-24 year olds
•
It is found on 740 college campuses and reached 6.5 million students
•
At UMASS the 11,000 students who live on campus pay about $1 million a year for telecommunications and receive a standard package which includes MTVU
Robert McChesney explains “Everything on
MTV is a commercial”
Basically superficial and commercialized
“reality” shows
Production cost is very cheap
Youth in America contribute a lot of money to the market place.
Companies who compete for that business are likely to advertise on MTV
MTV makes a great deal of money from advertising, which in essence is coming from youth
WE SHOULD DEMAND THAT MTV
PRODUCE PROGRAMING THAT
BENEFITS AND REPRESENTS THE
YOUNG PEOPLE WHO ARE
FINANCING THEM!
Revenuetoday.com
Viacom.com
The PBS Frontline Documentary Merchants of Cool
Harrisinteractive.com
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