Why Instagram is opening up to long-form videos

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Hoping to build on the success of short-form videos in Instagram Stories, the Facebook-owned social media platform on Wednesday announced a new app for long-form videos. IGTV, as the app is called, will allow creators to produce 4k videos in a vertical format specifically optimised for mobile viewers. It will also allow users to produce videos longer than the current 60-second limit. This move can be interpreted as a direct attack on YouTube, currently the most popular video platform for influencers and video bloggers. Although there will be no advertisements on IGTV initially, Instagram CEO Kevin Systrom said that advertising is „obviously a very sensible place to land“, adding that „there will be a way for creators to make a living“, which will be essential if his company is to lure some popular vloggers away from YouTube, where they can earn a fortune. As the following graph shows, it makes sense for Instagram to open up to long-form video. According to Ooyala, a video analytics company that collects a variety of data on video consumption on behalf of its clients, found that smartphones accounted for 54 percent of all long-form video (20+ minutes) consumption in the first quarter of 2018, up from just 29 percent two years earlier. Infographic: Why Instagram is Embracing Long-Form Video | Statista Further infographics can be found at Statista

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