product diversification identifying and attracting …...traditional formats in attracting new...

20
Product Diversification Identifying And Attracting New Audiences

Upload: others

Post on 01-Jun-2020

5 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Product Diversification Identifying And Attracting New Audiences

Page 2: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Alternate Concert Formats

Encounters

Pulse

$2.50 Mini Journey (extended traditional)

Page 3: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

• One-Hour Concert

• Dialogue from onstage host

ENCOUNTERS

• Projected video supports commentary

Page 4: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

ENCOUNTERS

• Performance followed by 45-minute reception with musicians

• All tickets $25, includes 2 free drinks

Page 5: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

PULSE – LATE NIGHT AT NEW WORLD SYMPHONY

• 9 PM – 1:30 AM, $25

• 20 minute contemporary classical music sets interspersed with DJ-spun music sets

• Program notes projected and available via mobile device

• Unplugged set elsewhere in the building allows for a pristine listening environment

Page 6: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

• Lighting, video and proximity to artists creates an immersive, engaging experience

• Variety of activities make the event feel participatory

Page 7: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Activities audiences engage in while at

Pulse

Page 8: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

$2.50 Mini-

Concerts • 30-minute performance performed at

7:30, 8:30 and 9:30 PM

• All tickets $2.50

• Short, live commentary by one or two musicians, accompanied by projection of complimentary images, videos or illustrations

Page 9: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate
Page 10: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

What did we find out???

Page 11: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Afterwards, did you talk about the experience with others who attended?

Impact of alternate formats is just as high – if not higher – than more traditional formats

Page 12: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Satisfied

1

1.5

2

2.5

3

3.5

4

4.5

5

Mini-Concerts

(n=1,136)

Encounters

(n=994)

Journey

(n=309)

PULSE

(n=564)

Averg

ate

Rati

ng (

1=W

eak/N

ot

At

All,

5=Str

ong/A

Gre

at

Deal)

Average Rating of Impact by Format (2010 - 2013)

Emotional Resonance - Strength of emotional

response

Aesthetic Growth - Better equipped to

appreciate classical music

While longer programs can offer more variety, the value and impact derived from shorter concerts can be very strong.

Page 13: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Audiences are younger

Total

(n=3,003)

Mini-

Concerts

(n=1,136)

Encounters

(n=994)

Journey

(n=309)

PULSE

(n=564)

Age

18 - 34 11% 13% 4% 1% 24%

35 - 44 14% 14% 7% 1% 31%

45 - 54 16% 18% 10% 7% 25%

55 - 64 21% 23% 23% 21% 12%

65+ 39% 32% 56% 68% 8%

NWS DEMOGRAPHICS BY FORMAT

2010 TO 2013

Page 14: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

More Diverse

Total

(n=3,003)

Mini-

Concerts

(n=1,136)

Encounters

(n=994)

Journey

(n=309)

PULSE

(n=564)

White 74% 68% 82% 86% 59%

African-American, Hispanic, Asian,

and Other/mixed29% 36% 21% 13% 46%

Race/Ethnicity

(Select formats, 2012/2013 season only);

Multiple selections allowed

NWS DEMOGRAPHICS BY FORMAT

2010 TO 2013

Page 15: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Attracting new patrons

Page 16: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Alternate performance formats outperform traditional formats in attracting new audiences

(Paid Events in 2012-13 Season)

48

10

1435

1104

Page 17: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Traditional concerts Alternate formats

Number of concerts / year

48

10

% of overall event mix

83%

17%

% of new-to-database patrons

60%

40%

# of new-to-database

accounts

1435

939

Paid Events

Alternate performance formats outperform free events in attracting new patrons

(2012-13 Season)

27

10

686

1104

Page 18: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

% of first-time, alternate-format patrons that have made additional ticket purchases

Encounters $2.50 PULSE

Spring 2013 16.0% 17.7% 10.1%

Fall 2012 33.3% 6.8%

Spring 2012 24.4% 30.3% 25.1%

Fall 2011 39.1% 25.3%

Spring 2011 40.3% 27.7% 37.2%

Fall 2010 47.1% 43.2%

Seas

on

en

tere

d t

he

dat

abas

e

Page 19: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Are you thinking “we can’t do that?”

Yes, you can, and others are too!

Research Partners Charlotte Symphony, Detroit Symphony Orchestra,

Kansas City Symphony, Memphis Symphony Orchestra, Pittsburgh Symphony Orchestra, San Diego Symphony

Page 20: Product Diversification Identifying And Attracting …...traditional formats in attracting new audiences (Paid Events in 2012-13 Season) 48 10 1435 1104 Traditional concerts 60% Alternate

Summary of Primary Findings

The prospective audience is at the center of the strategy

Uncompromised performance of classical music is assumed

Audience survey data and intuition combine to create ever better alternate format experiences

Building audiences takes time and patience, but a development cycle can

accelerate the acquisition process

Shorter performances can be as emotionally powerful as longer ones

New audiences are hungry for contextual information, especially when provided by musicians – informed leads to transformed

The more integrated the team – patrons, musicians and staff – the more

powerful the strategy