I think that Disney sees the power of YouTube and understands that things are changing due to Web 2.0 and that they need to relent, in some ways, on the tactics of old. After all, Nickelodeon who is owned by Viacom openly encourages mash-ups featuring their characters and one SpongeBob SquarePants mash-up has "been viewed more than seven million times!" That's potentially free advertising revenue coming into Nickelodeon and when it comes to business the bottom line is always the deciding factor.
Here's one of my favorite SpongeBob mash-ups, SpongeBob and friends perform Slayer's "Raining Blood" (disclaimer: the views reflected at the very end of the video are not shared by me, that thing with the baby, but it's the best version I could find).
Slayer's bassist and vocalist Tom Araya wearing a SpongeBob
T-shirt. SpongeBob Photoshopped with a Slayer T-shirt.
New media fosters creativity because things like video recording, editing software, and social medias allow people to take their creative talents and broadcast them easily, cheaply, and quickly over the internet.
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