Right About Now with Ryan AlfordSearch 664 episodes
Social Media Strategy

Why did music video budgets drop from $200,000 to $10,000?

Answered independently in 3 episodes, by 3 different people. Every line below is verbatim from the transcript, timestamped to the moment it was said.

Matt Alonzo: Director, Editor, and Award Winning Filmmaker
Tyler Webb - Chief Revenue Officer and Co-Founder of Cinebody
Weekly Marketing and Advertising News: Facebook To Pay Creators $1 Billion; Jeff Bezos Spaceflight;  Marketing budgets plummeted to 6.4%
The short answer

What the archive says

01OneRepublic used a social call to action to crowdsource clips from over 58 countries and roughly 10,000 clips for a charity music video that raised about four to five million dollars in its first week. source →

In their words

What 3 people actually said

I kind of felt it was coming marketing budget budgets are Slipping they've shrunk to 6.4 percent Average of total revenue marketing budgets across all brands nationwide.
Ryan Alford · Weekly Marketing and Advertising News: Facebook To P (30:59)
And so they're locked in quarantine and then they just start writing, right? And so long story short, they wrote a great song which blew up all over the world. And in order to create their music video, they literally put out a call to action from their social media following.
Tyler Webb · Tyler Webb - Chief Revenue Officer and Co-Founder of (15:57)
They both were street kids So we didn't have much growing up But the one thing that we did have on my dad saved up to go get was a video camera And he just had this video camera in my face constantly.
Matt Alonzo · Matt Alonzo: Director, Editor, and Award Winning Fil (3:50)
The episodes

3 episodes answer this

Also asked as

The same question, the way other people ask it