Month: July 2020

Mood Media Files For Bankruptcy: What’s Next For Mood TV?

Mood Media, a company that provides TV (Mood TV) and music solutions (Muzak) to businesses, has announced that it is filing for bankruptcy as of early July 2020. This marks the second time that the Texas-based company has gone bankrupt, which begs the question: “What’s next for Mood TV?”

Mood is a reported 680 million dollars in debt, making it fair to anticipate cuts or changes to the service. A reduced support staff in particular isn’t out of the question when it comes to these companies’ responses to an immediate solution. Less updated content, or lower quality content may also be an option for them. Alternatively; users could potentially see an increase in ads on their TVs due to providers lowering the cost of running ads on their network in order to cope. Bankruptcy is rarely good for customers, creating distrust, and certainly showcases poor management and bad planning.

How are other TV providers doing during Covid?

Advertising budgets shrunk drastically during the first 6 months of 2020. Brands just aren’t spending what they used to on ads due to COVID’s impact on the market; which is bad news for Mood Media, Outcome Health, or any other streaming service that relies heavily on selling ad space to stay afloat.

TV technology works, without the ads

Anything can happen to the market; and when something does — like it did with COVID-19, these ad-supported TV companies struggle to find solutions to bridge the gap caused by a sudden decrease in ad spending. A better solution for business owners is a tv platform alternative that doesn’t rely on support from selling ad space to outside companies. You want to find a service provider who can be a strategic thought-partner and wants your business to grow and succeed; not a someone whose goal it is to make money off of selling ads on your television.

Related Article: “Free TV Services: What’s the Real Cost?“

 A Better Solution for the Business Owners

Ads shouldn’t be dominating your restaurant, lobby, or waiting room television. In fact, too-many-ads was probably one of the reasons you cut cable in the first place. Factor in a reduced level of service and support, especially now, and you begin to wonder why you’re continuing to use it.

Your TV should work for you and your business.

Whether you’re ready to make a change and switch to a new custom TV network, or have questions about what features are missing from your current TV; you can chat with the TV experts here. You can also go the DIY route and utilize a TV network and their content and overlay your own messaging by using brand new TV technology found at: http://rele.tv

Looking for Alternatives to Mood Media’s Mood TV in Light of their Bankruptcy?

Mood TV / Mood Media Corp files for bankruptcy.

If you’re a business owner who is currently using a custom TV network at your location(s), you know that custom TV is the future of business television. However if you’re currently using Mood TV, you might want to consider looking into a better alternative to the service. As of early July 2020, Mood Media announced that the Texas-based company would be filing for bankruptcy — for the second time since 2017.

Whether you’re a current user, or if Mood TV was at the top of your list of options; there are services out there with more features and less ads that you should know about. This article is your guide to settling on the best TV for your business, by the end you should know exactly what to look for in a custom TV network. However if you’d rather chat with a live TV expert and bring any questions you might have, you can schedule a call with one here.

Not in the Mood to deal with Mood TV?

You’re not the only one. Luckily Mood is not your only option. It’s Relevant TV is the best on the market when it comes to content, technology, and strategic support. Subscribing to the service gives you access to half-a-million videos spread across 40+ categories, which you can turn on/off at any time. The categories are like channels, except that you can block out the ones that aren’t a fit for your business. The videos are all short-form, which is important for waiting rooms, lobbies, and waiting areas.

Variety is what works.

With short videos and varied content, you appeal to a much larger audience; there’s a much higher chance of seeing something you like. The content that people enjoy the most are the little things they wouldn’t have found on their own. You want fun, or interesting segments that visitors can take something away from; whether it’s a joke, a fun fact, a travel destination, or a life-hack, showing them creates a positive experience for your visitors and builds trust in your brand.

Your brand – which they can see right on the TV.

It’s Relevant TV is about Connecting Your Visitors to Your Brand

Visitors will know exactly whose TV they’re watching with your brand/logo prominently featured in the corner. It’s Relevant gives you the ability to upload and manage your own personal messages; whether it’s scrolling side-ads, or actual videos – you can put it on the TV for visitors to see.

Your videos play seamlessly between IRTV’s licensed content.

The videos are 100% automated, meaning the technology does all of the work for you. All you have to do is select your own videos/messages and hit Upload when you want them to appear on your TV, It’s Relevant does the rest. Other services often require you to manually build a playlist. Playlists are bad, especially looping playlists — they’d have the opposite effect of what you’re paying good money for. Companies are very good at making playlists sound like effective business tools — don’t fall for it.

Your TV is not just a digital sign.

It’s Relevant is more than digital signage, it’s real TV. The service provides more of what people enjoy watching, and less of the “computer screen feel” that digital signage companies employ. People don’t like watching signs, they like watching TV, and TV is what you get with IRTV.

The Best Custom TV Network for your Business

It’s Relevant TV comes with the world’s largest library of licensed short-form content, a fully automated video system, an easy-to-use interface, live social media integration, and a dedicated support staff that’s there to troubleshoot any questions that come up. Whether that sounds like what you’re looking for, or you’re still on the fence; chat with the TV experts at ItsRelevant.com to see what the technology can do for your business.

New Ways to Advertise on a Limited Budget during COVID-19

The coronavirus (COVID-19) is forcing the ad market into a tight corner as major restaurants and retailers are closing their doors. Since mid-March, major sports organizations such as the NBA, NFL, and MLB have suspended their games; adding the sports entertainment industry to the list of industries impacted by the outbreak.

According to a 2015 study, the sports industry alone accounted for an estimated 37% of total broadcast TV ad spending.

Experts are predicting the ad market to suffer a decline of up to $3 billion in 2020. With so many industries shutting down and customers staying home, businesses across the country are experiencing big budget cuts. However, advertising and marketing are just as important as ever. Despite their limited budgets, business owners are looking for new ways to advertise.

Adjusting to the Ad Market Crisis: How to Advertise on a Limited Budget

Make your spending count.

People quarantining themselves and practicing social distancing doesn’t change the fact that your business has products and services that you need to sell. If you’re intent on keeping your business open, you need to get those services noticed. Traditional television advertising is still among the most expensive advertising mediums, so now’s not going to be the time you’re likely going to want to make a large TV ad spend. But, you can put ads on your own TVs for close to nothing. If you have a television in your business, consider putting your ads for those products and/or services on your TV itself; target consumers while they’re physically in your location.

Advertise directly to your visitors when they’re in your business.

The corona-crisis has created a unique opportunity for in store advertising. People are limiting how frequently they go outside; however if your business sells essentials, or provides a comfort food or service, you can count on repeat business from your loyal customers during this time.

Give them more reasons to come back. Or, gently educate them on any goods, services, or specials to take advantage of while your customers are there. A custom TV network for your business is the best way to achieve either; both because it’s cost effective, and the best way to captivate visitors.

A COVID-free TV is better for your business.

Advertising Platforms to Avoid

WARNING: Avoid Billboards and Outdoor Advertising!

Outdoor advertising is only effective when the message is getting MASS amounts of exposure. The high cost alone is hard to justify, especially in the case of small businesses. However the combination of working with a limited budget, and the limited number of people going outside during the outbreak makes outdoor advertising a poor investment at this time.

Advertising Platforms that are Still Relevant

CONSIDER: Social Media and Free Streaming Platforms

According to Forbes, more people pay for streaming services than cable, with 69% utilizing at least one internet streaming service. Additionally, those who use internet streaming services are subscribed to 3 services on average. Because of the increased amount of people staying at home during the outbreak, experts anticipate a growth in ad spending on geo-targeted streaming platforms like Hulu, and social media platforms such as Facebook and Twitter.

A Service to Consider for your Business

Recent changes to the ad market are forcing businesses to get creative. Previously suggested in this article; a custom TV network is the solution that forward-thinking business owners are turning to instead for advertising.

Bridging the gap between TV Networks and a DIY TV display is It’s Relevant TV.

Business owners are uniquely positioned to take advantage of the TVs inside of their locations by transforming them into effective marketing tools. Whether your goal is to improve visitor experience, promote your services, or get people to come back more often, a custom TV network is the best, most cost-effective way to achieve all of the above.

If you are ready to jump into having your own TV network, It’s Relevant TV operates an online store that allows you to pick up everything you need with an inexpensive self-install kit here: http://rele.tv