Next Big Thing: Live-streaming
Live streaming your world is on the cusp of becoming the next big thing.
Twitter today announced the launch of Periscope, an app that lets you broadcast live to the world... from your cell phone. And with that the next big thing looks like it has arrived.
Twitter delivers real-time conversation. With Periscope, they now offer real-time video that feels more immediate than anything Snapchat or Instagram can deliver.
Of course, early efforts like Justin.tv, Ustream, Livestream, YouNow have been with us for some time, but never really caught on huge with the general public.
But now, it looks as if the time has finally arrived for live streaming in the same way that cord cutters have been with us for some time (roughly 2% of the US market) but look about to takeoff in 2015.
If you believe the pundits and the venture capital folks, people are finally taken with the idea of live broadcasting from across town or across the world with nothing more than a smartphone and a data connection.
One more thing for parents and educators to worry about. Brace yourself for the coming deluge of debate that will follow the ability to live stream discretely from any smartphone. Think about the implications of this technology for personal privacy, for public safety issues (think voyeurism of all kinds), not to mention the inevitable attraction of the platform to purveyors of porn.
Better 3G and 4G networks, larger bandwidth data contracts, the quality of our smartphones, their video recording capacity, not to mention social platforms to notify people of your broadcast, have helped make 2015 the potential takeoff point for real-time video.
And, seeing the opportunity, tech big boys like Twitter are pouring money into live stream video — Twitter bought Periscope for US$100 million last month — hoping to lockdown an early head start in market share.
Meerkat — Periscope’s most obvious competitor — has been all the rage among early adopters of new tech for the past week. The creators of Meerkat are said to be in the process of raising US$14 million in VC funding. Meerkat uses the Twitter API to deliver live streaming via the Twitter infrastructure, giving users the ability to notify followers of an upcoming live feed via tweets. Not surprisingly, Twitter recently started blocking Meerkat’s access to its social graph.
Twitter’s Periscope ups the game on Meerkat by letting you not only stream live to the world, but also make your video stream available for replay up to 24 hours later. Meerkat’s live streams are ephemeral. While you have a local copy of your Meerkat live stream on your phone, Meerkat doesn’t make your video available for replay. For now.
Another advantage for Periscope is that the lag time between the video stream and the ability to comment on it with Periscope is better for the moment than with Meerkat. This ability to deliver high quality real-time video, and the ability of the audience to respond to the broadcaster in near real-time, is the game changer with these platforms.
The possibilities of these live-stream platforms are legion, from impromptu captures of one’s everyday life, to first-person breaking news citizen journalism, to broadcasting public events of all kinds to the world, as well as all the more sordid potential applications of unfiltered real-time video.
And wait until the digital marketers get a hold of these channels for promotion, as they are already starting to.
Get ready for live-stream spam choking up all your social media feeds.
For the moment, Periscope and Meerkat are available only on iOS. Get the apps on the iTunes Store via these links— Meerkat and Periscope.












