Research by Added Value shows how establishment awards such as the Oscars and Grammys are losing cultural relevance, while streaming media are gaining ground.
Not even the promise – and ultimate delivery – of Chris Rock skewering the Hollywood establishment at last week’s Motion Picture Academy Awards could make up for the void in cultural relevance represented by this year’s Oscars.
Events like the Grammys and the Academy Awards were once thought of as cultural juggernauts, bathed in searchlights, with the glamorous sheen of power and prestige. But their appeal and influence are waning, as are viewers. And, as a new study reveals, their places of cultural prominence are at risk of being overtaken by other, more culturally sharp, responsive, and relevant entertainments in the competing clamour for consumers’ attention.
The current cultural weaknesses of both the Grammys and the Academy Awards are reflected in SNAPSHOT, a new study by WPP-owned Added Value which analyses brands’ cultural relevancy, equity, and character. Both events are revealed as being on dangerous ground, at the risk of fading from cultural relevance. Their VIBE ( a multi-dimensional composite of how Visionary, Inspiring, Bold and Exciting they’re perceived to be ) fall below global benchmarks.
Of course it’s not that movies and music are any less important in our lives, streaming media brands Netflix and Spotify, have seen their Cultural VIBE soar.
The question of the relevance of awards shows is not helped by how, in very public ways, they’ve struggled to stay on top of cultural change. The adage that there is no such thing as bad publicity certainly doesn’t hold true in light of #Oscarssowhite.
— deray mckesson (@deray) February 29, 2016
Programmes intended to celebrate the apex of artistic talent in mainstream America, if not the world, have fallen from grace. A deeper analysis of VIBE reveals a stunning lack of Inspiration delivered by the Grammys, and even more so, the Oscars. Inspiration, defined by pride of association with the brand, perception of the brand making the world a better place, and desire to attach emotionally to the brand beyond its normal domain, is exceptionally low for both events.
As younger generations of Americans are themselves increasingly multi-ethnic and multi-cultural, phenomena like #Oscarssowhite push brands toward cultural inconsequence.
Contrast this bleak portrait of the Oscars and Grammys with the cultural vibrancy uncovered in SNAPSHOT of Netflix and Spotify. Driving Netflix’s and Spotify’s VIBE is their relevant disruption: they are both game changers that have upended entertainment consumption through the smart use of technology, connectivity and analytics, capitalising on our desire for seamless personalisation.
Naturally, the comparison of once-yearly events to services available 24/7 is not quite apples to apples. But that’s precisely the point. The younger, technology-native brands have the cultural edge on older, establishment icons whose formats, structures, and processes were developed during a different era, reflecting the cultural values and roles of those times.
The challenge for historic entertainment institutions like the Academy Awards (in its 87th year) and the Grammys (in its 57th) is figuring out how to stay relevant to and for this cultural moment.
If not, the risk is that not only will they be in danger of ceding the perception of their brands to the social media deluge of tweets, takes, and analysis that dominate the cultural conversation, but that they will fall completely, and forever, into cultural irrelevance, as much a relic of a bygone era as the video rental chains and cassette tapes of yesterday.