A few weeks ago, Google CEO Eric Schmidt imparted this observation to an army of magazine executives visiting the Google campus:"The internet is fast becoming a cesspool where false information thrives....brands are the solution, not the problem. Brands are how you sort out the cesspool."
With 12 hours of video being uploaded to Youtube every minute (the equivalent of 250 always on channels with no repeats) you can see why it's on the man's mind.
It's also been on mine - it's going to be interesting to observe the evolving role of brands in creating and curating entertainment that resonates with audiences (if you missed Jane McGonigal's fantastic presentation on 'The Rise of the Happiness Brands' you can view it here).
Within our own networks, people we perceive to possess real social capital directly influence the entertainment we consume. I trust my friend Sonya's advice on anything fashion-ish and the cARTel's* advice when it comes to art gallery stuff.
But brands can help too - particularly online. If I know a brand suggests something edgy (American Apparel) or just plain interesting (HBO); if it represents credibility within a certain subject (like Johnsons does in baby) then that trusted signal can steer me through the cesspool and straight to the good stuff. And, it helps me build my social network capital.
I reckon it's a win win. What do you reckon?
