Oireachtas Joint and Select Committees
Wednesday, 18 January 2023
Joint Committee on Tourism, Culture, Arts, Sport And Media
Future of the Media Sector: Discussion
Mr. Rory Coveney:
To be honest, increasingly the consumption is happening there. It is not necessarily about bringing them back anywhere. It is about the consumption happening and it is about creating formats and shorter form video formats, etc., where the consumption of our core journalism happens on multiple platforms across the day now as well as on our long-form platforms, such as our television channels and player.
Commercially, there are some opportunities. I will not get into the specifics of it. With one social media platform, we had a commercial deal around short-form content around the World Cup which was the beginning of something interesting around sport. It is early days. In reality, the returns on cost per mille, CPM, rates on social platforms are tiny in comparison to broadcast audiences. It will not butter the parsnips, so to speak.
Does Mr. Lynch want to add something?
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