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The UK
student market is notoriously difficult to reach. They don’t watch TV.
They have little loyalty to individual print titles. And the general
fragmentation of media in the UK makes it difficult to target them
accurately.
And yet
it presents an undeniably attractive opportunity: there are over 1.8
million students in Higher Education, representing 36% of all 18-24
year-olds in the UK, with a spend estimated of £13 billion per annum.
And, although they would be loathe to admit it, it is a highly
homogeneous market: 70% of them are from ABC1 households and 87% are
moving away from home for the first time, making independent purchasing
decisions that have lasting brand loyalty implications.
The
question is: how to reach them? Peter Miles, CEO of JVTV, was focused on
just this question when he struck upon the idea of tapping into this
market by developing a new, interactive media channel that would occupy
key “real estate” in universities. The concept seems simple: if you
can’t beat ‘em (or in this case reach ‘em) – join ‘em. Instead of trying
to get the students to the places you’re present, be present where
they’re at. And guess what? For a lot of students, that means the bar.
Founded
in 2001, JVTV has developed a proposition to install exclusive flat
screens for TV and student content in student bars and pubs while also
providing wireless Internet access in college pubs. JVTV has exclusive
10 year deals to provide interactive entertainment and WiFi services to
50 UK University Student Unions and represents an interactive gateway to
this market. JVTV are set to sign an additional 10 universities by their
September launch - representing a significant mindshare of more than 1
million individuals in this hard to reach, “mass niche”, student
population.
But
JVTV saw very early on that in order for the media to be effective, it
had to be interactive and reflect the interests of the target market –
rather than become just another TV blaring forgotten content in the
corner of the bar. JVTV thus worked closely in collaboration with the
student unions. Peter explains: “The concept is to get the system
embedded and then develop it in dialogue with the student community. We
say: ‘Here's 20 things we can do, you tell us which 3 or 4 you want to
do develop.’ Because we're only student union community we can develop
specifically a system that they want.”
Besides
offering regular TV content through its 24–hour network, JVTV will
provide extensive programming through broadband and video–on–demand
distribution channels. 'In theory the programming could be different at
every site,' Peter says. 'The branding and the advertising will be the
same throughout but the actual content will differ. I would say it will
differ marginally over most of the unions and greatly over a few.'
From the
advertisers’ perspective, this means advertising that is embedded in a
media that students want to watch.
As importantly, JVTV
offers a range of interactive promotions, including the ability to
create “call to action” scenarios to induce trial and purchase. An
example might go like this: during half time of a Liverpool-Manchester
United match, the screen starts flashing. The message is simple: for the
next ten minutes only, XYZ beer only £1 a pint!”. Peter smiles. “I guess
not surprisingly, these types of ‘call to action’ messages have proven
extremely popular with the students and very effective!”
JVTV is currently in
the process of identifying potential WiFi partners, another important
component of the services that they will be offering to students. An
investment and/or partnership with JVTV would provide prospective
partners with the use of the platform to cross sell other products such
as mobile subscriptions. This can be lucrative indeed: ARPU for student
mobile usage is approx £30. An added bonus would be increased brand
awareness by entrenching the operator as the standard for WiFi access
points in the UK.
JVTV has already conducted successful trials at four universities and is
preparing for a September launch in conjunction with 2003 freshers week.
Literally, a company to watch.
Ariadne Capital is working with JVTV to identify strategic investment
and sales partners.

For more information visit
www.jvtv.net or contact Alex Rahaman at alex@ariadnecapital.com
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