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Home > The Digiday Podcast > How MIT Technology Review shifted its largest event to streaming
Podcast: The Digiday Podcast
Episode:

How MIT Technology Review shifted its largest event to streaming
Category: Business
Duration: 00:38:46
Publish Date: 2020-04-13 23:00:00
Description:

About a third of the MIT Technology Review's revenue comes from events, according to CEO Elizabeth Bramson-Boudreau.

That piece of the pie is obviously under threat as activity in the United States remains frozen by the coronavirus pandemic.

"We had to make a call on our largest event, called EmTech Digital, entirely on AI," Bramson-Boudreau said. "Our highest-yielding event."

"What were we going to do? Were we going to reschedule it? Or were we going to move it to a virtual event?" A few weeks before the event -- scheduled for March 25th -- they decided on the latter route, streaming 20 hours of content over three days. As a result, they were able to save "about 50%" of their sponsorship revenue for the event, according to Bramson-Boudreau. "We then rolled the remaining 50% into other digital products," she said. Dropoff among online viewers, too, was lower than expected.

She credited that relative success on a quick focus on recreating the event's interactivity. "It's the interaction that we can provide that's a value. We needed to find a platform that allowed for that kind of interaction, and the programming team really leaned into thinking about interactivity and community and how to foster that digitally," Bramson-Boudreau said.

Bramson-Boudreau talked about the benefits to being owned by MIT, how she thinks live-streamed events can be improved and how an economic downturn is a good time to spend.
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