Yes, the vibe coming out of this thread and in other places is that social media is the saviour because BE did not know what he was doing so it has to work.
I can assure you you're misinterpreting the vibe of the thread, no-one is under the illusion social media will save F1. The fact that I just told you that in no uncertain terms and you're still pushing it is baffling.
By Bernie's own admission he made a mistake:
New and old owners agree social media could help Formula 1.
Print and word of mouth has not been stunted in Formula 1, however social media has been by the previous owners. Which is why it is a subject that is currently being discussion in numerous topics and is being pushed by Liberty.
This is what I have said about the previous owners (Bernie) and social media, that is the vibe. I'm struggling to get from what's been said in this thread and others to social media saving F1.
I could - if you really insist - find it said again in clear uncertain terms in other threads discussing social media where I or others have said social media isn't the savoir of F1, it's just an untapped option.
In all honestly I'm surprised there's any confusion, it feels like some of us are repeating the same things over and over in response to the same queries. Surely it's pretty clear now.
If the money pot grows no matter how the number crunchers are happy and they do not care how many are watching the sport. The pot of money they have now is the starting point and there is no way they are going to be happy unless it grows so yes they want to see their strategy of using social media to add revenue.
There are only so many more years Formula 1 can grow the money pot before viewers decline considerably and the value is no longer there. That is why at some point the owners whoever they are at whatever stage will have to build long-term or they won't be able to to increase ROI. That involves changes to on track entertainment as well as adapting with the times, we can't predict how that will play out but Ross Brawn seems very level headed and premeditated when it comes to the core product.
Zak Brown on Liberty
"They've sold it to strategic buyer as opposed to another financial buyer. So they will be making decisions that are strategic-led, what's best for the growth of the sport and the fans and the sponsors."
My point of all this is if the social network that should develop around F1 takes off and grows next year we should see a measurable difference at the first race so the jury is still out there on that. There will be those who say that a year is not long enough to gain any measurable growth but if it isn't then someone is laying down on the job or it is a flawed strategy. I think that the social media path is a valid thing that is inevitable once BE was booted but my gut feeling is those who it will reach are not interested in F1 and are involved in social media because it is an end in itself and they see that as the interest. If the numbers can be proven as growth derived from social media then I am wrong but I am a fence sitter concerning the whole thing right now.
You could be expecting results that would satisfy you too quickly, it will take time for Formula 1 to find the best social media route. Which content works and which doesn't, that isn't an excuse that's reality. Once they find the sweet spot it then has to break through on social media which takes time again. The core package also has to be good to co-inside with that, as with any promotion.
You can't just push a lot of content willy-nilly and expect to land in the laps of a new audience and see viewing figures rise. It definitely doesn't mean someone is laying down on the job or it's a flawed strategy. I'd be very interested in knowing what are you basing that statement on.
However can see the results after the first race as Kristian posted in this very thread.
Formula 1's new owners Liberty Media have got off to a fast start in their plans to drive the sport's digital growth, after fans reacted in record numbers to the 2017 Championship's opening weekend in Melbourne on social media.
Over the weekend the sport's official channels on Twitter, Facebook and Instagram generated 230m impressions, 6m engagements and 27m video views.
As has been pointed out if you post more you'll likely get more interactions, but that is simplifying it to an extreme degree.
Looking at my circle of friends and family both young and old tells me they won't bite and that includes a large number who are actively engaged in motor sport. My son is 28 years old, has raced since he was eight and has never shown any inclination to watch F1 on TV, he reckons it is like watching paint dry after experiencing the racing he has done in sprint karts and super karts. He watches one race a year, the Bathurst 12 hour and that's it.
Your son is edging towards the age of not being the target audience at 28 so that isn't a great example. He also is not a very good example because how many F1 fans or potential fans have racing experience from the age of 8 to 28 and therefore find watching Formula 1 (motorsport) less entertaining than taking part?
Also your son isn't the norm finding motorsport dull while also competing. Probably all F1 drivers today were huge F1 fans growing up, watching races when they weren't competing and each had an F1 idol. You're taking a single questionable example and applying it to the latter ends of youth and the core youth in it's entirety.
But people are right, until the product improves, this will never have a huge impact.
That's a given though Chunder. Improve the product and use marketing strategy to push the product. Why is this still being repeated as opposition to social media?
Formula 1 is putting in the work to have the marketing structure and opportunity there for when the product is a well oiled machine. There's no point waiting until that day comes and then thinking 'oh let's start a social media presence'
How F1 embraces that market is a sea change in the sport, and yes social media needs to be at the front of that, but it alone can't help much, the sport needs a total revolution to capture that market. And I fear that is never going to happen.
Agreed Chunder. Although you are a little more pessimistic than I am. I think it could happen or I'd like to think it could.
Yesterday, Vandoorne published a little video on Instagram. He was filming the escalator at Heathrow. Is this really what we want of social media ??
He wasn't promoting anything, juste filling the gap, kinf of.
You're confusing drivers on social media with Formula 1 using social media to promote Formula 1.
They are entirely different with different goals.
TL;DR We know the product needs to improve, we know social media alone won't turn Formula 1 around. Motorsport is in decline, if anything can turn that around it's F1, the strongest racing brand. Liberty and Bernie both agree social media is a worthwhile use of time (that is also very evident in other sports, brands etc) and it will take time but it's an avenue that can no longer be ignored.
Edited by RedBaron, 31 March 2017 - 08:08.