Expert Insight on the Economic Crisis…From Online Video Elite!

Get a bunch of video creators into a room, with beer, and the conversation won’t ever stop. That fact was well-demonstrated at this Monday’s Vlogger Reunion fest at Annie’s Courtyard Cafe in Santa Monica, hosted by Next New Networks.
I asked those attending the shindig what they thought the best thing that might come of the ongoing economic crisis. Their answers reveal a surprisingly positive outlook for the future of new media (and, possibly, pornography).

From Monday's Vlogger Reunion party. Pictured include Michelle Deforest, Felicia Williams, Tim Shey of Next New Networks, Brigitte Dale, and the back of Kent Nichols' head.

From Monday's Vlogger Reunion party. Among those pictured, from left to right, are Michelle Deforest, Felicia Williams, and Tim Shey of Next New Networks, Brigitte Dale, and the back of Kent Nichols' head.

Rudy Jahchan (Galacticast): There’s a lot of opportunity for new media producers to fill in the gaps as a lot of shows go under — we can present a better price value for brands to promote their stuff. With the realization that a lot more people are turning to online entertainment, this could be a perfect opportunity for us to step in and fill that gap.
Woody Tondorf (HBO Labs): The MacGruber sketches on SNL.
Casey McKinnon (Galacticast): [to Tondorf] I was going to say the same thing!

Brigitte Dale (videoblogger, ABC Family): I think people are spending more time with other people. It sounds silly, but I think they really are.
George Ruiz (head of new media at ICM): People are being a lot more effective by getting rid of the extraneous. They’re focusing on the stuff that matters.
Felicia Day (The Guild, Dr. Horrible): The backlash against rich people. I would hope that maybe the tolerance for The O.C. and Gossip Girl and Dirty Sexy Money would be waning. Rich people aren’t that interesting to me, and maybe being in a crisis will make people stop watching [those shows].
Chris McCaleb (Big Fantastic): For people like us, the appetite for entertainment doesn’t go away; it only increases. Which is good for what we do — making stuff that’s free, that anybody can watch.
Kent Nichols (Ask A Ninja): The people who can survive the economic crisis will ultimately end up stronger and leaner and meaner. And with the current trend of independent entertainment, I think you’re going to see more people acquiring whatever content they can for free. I think that’s going to accelerate — and that also coincides with the digital changeover in February, where people are already going to be in flux about how they get their comfort media.
Zadi Diaz (EPIC-FU): Opportunity, actually, because I think people are more open to exploring things in different ways. So it’s a matter of not freaking out, staying stable, and making sure you’re looking at things clearly and exploring those opportunities around you.
Steve Woolf (EPIC-FU): A lot of companies that have been getting by on a wing and a prayer are going to have to own up to developing a reliable business model. Also, there seem to be more women turning to porn, and as a guy you know that’s never a bad thing. Some of the people in this room will be turning to porn in about six months, I guarantee.
Tim Shey (Next New Networks): I’m catching up on my drinking. I’ve been behind.
What do you think the best thing to come of the economic crisis might be? Leave a comment and let us know.