Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If Morgan Freeman can be the de facto voice of God, why cant Harry Styles be the voice of a good nights sleep? Or, for

If Morgan Freeman can be the de facto voice of God, why cant Harry Styles be the voice of a good nights sleep? Or, for that matter, Lakers star LeBron James as the aural manifestation of a winning mindset? Those are exactly the bets being placed by the rising tide of mindfulness apps that are leveraging celebrity talent to help bridge the gap between self-actualization and Hollywood entertainment. Meditation app Headspace released a new Netflix show in early January, Headspace Guide to Meditation (with two more series planned) and, last year, inked a deal with Kevin Harts production company to produce content, on the principle that laughter is the best medicine. The Calm app has used famous voices in addition to Styles, theres Matthew McConaughey, Idris Elba, Laura Dern, Kate Winslet and Lucy Liu, to name just a few for its Sleep Stories, atmospheric tales aimed at lulling listeners into a peaceful slumber. Last year, Calm also debuted a 10-episode series, A World of Calm, on HBO Max, awash in atmospheric imagery with narration provided by the likes of Priyanka Chopra Jonas and Keanu Reeves. Audible (owned by Amazon) also has calming bedtime stories, some read by familiar names like Nick Jonas, Tony Shalhoub or Sean Diddy Combs. And Chris Hemsworths health and fitness app, Centr, features guided meditations read by Thor himself. Calm was launched in 2012 by co-founders Alex Tew and Michael Acton Smith as an app focused on meditation. But when data indicated that usage spiked before bed, Sleep Stories was launched to fill a void. I think its about broadening, taking the tools of mindfulness and making them available to a larger audience, says Chris Advansun, Calms head of Sleep Stories. Adding a narrative structure naturally led to using actors, like Winslet. She was a Calm user and interested in Calm, and did a story for us, Advansun says. Shes connected to this in her personal life. He adds, I see the Sleep Stories as taking inspiration from meditation but being separate from mindfulness. And while the intentions are wholesome, even the most Zend out guru knows that using celebrities is an easy way to attract new customers and grow brand awareness. Calm no doubt is under pressure to expand its reach after a December round of outside investment led to a valuation at just over $2 billion. Things seem promising, though: The company, which has been profitable since 2016, boasts more than 4 million paying subscribers with plans ranging from $14.99 a month to $399.99 for a lifetime option. Calm, too, was poised to benefit from a fraught political year compounded by the pandemic. As such, during 2020, daily downloads doubled and consumers listened to more than a billion minutes of meditations, stories and calming aural soundscapes a 100 percent year-over-year increase. Within that banner year, Styles was a highlight: The day his Sleep Story, titled Dream With Me, was released in July, the app crashed for a whole day because of heavy traffic. Meanwhile, Headspace, which started as a meditation app in 2010, is sounding more like a studio-streamer. Sam Rogoway, chief product and content officer, calls Headspace Studios a multi-platform content studio creating and distributing mindful living content through premium TV and film projects, thought-provoking podcasts, inspirational digital content and partnerships with world-class talent and experts. As far as what opportunities lie beyond classic exercises like body scans or focusing on ones breath, Rogoway adds: We believe that mindfulness should incorporate all areas of ones life, not just when we sit to meditate. So were constantly expanding our offerings to make Headspace as valuable for our members as possible. That translates into playlists curated by chief music officer John Legend and a series called Monster Meditations for children made in partnership with Sesame Street. By partnering with Harts production company, LOL Studios, Headspace also is looking to command a piece of the fitness space (with Mindful Runs that will be part of the apps Move Mode) and even comedy a YouTube series called Meditate With Me will feature talent like Tiffany Haddish and Hasan Minhaj talking about their own relationships with meditation and sharing lighthearted takes on their inner monologues while trying to reach mental nirvana. We have always been committed to demystifying meditation and introducing mindfulness concepts and making them approachable and available to as many people as possible, Rogoway says. Comedy is a way for us to reach new audiences and help break those barriers. We know laughter plays a role in peoples overall sense of happiness and joy, and we feel that there is a place to merge both comedy and wellness, which made Kevin an ideal partner. And while it might not be raking in the profits of Hollywoods Golden Age, the company has venture capitalists foaming at the mouth. With more than 2 million paid subscribers (costs are $12.99 monthly or $69.99 yearly), Headspace raised $93 million in Series C funding last February. Four months later, it secured an additional $47.7 million. This commingling of fame and wellness speaks to macro trends that are defining the social media age, the first being how far celebrities will go to push their healthy lifestyles upon the masses. Sharing a meditation practice can be seen as akin to sharing ones diet or workout regimen and, more crucially, sharing a bit of themselves. There also are the complex ways in which storytelling is changing and how audiences consume their entertainment. Twitter threads are the new articles, Instagram Live is the new QVC, and TikTok is the new MTV. Boundaries that once were firm are now blurring, and today, everything is a form of content. And if these past four years have taught any lessons, its that the U.S. is a country in dire need of self-care. Market research firm NPD noted late last year that stress-relieving self-care products as a category experienced a sizable upswing. The election, social unrest and a widespread pandemic have everyone on edge and looking for ways to find serenity. In a time of uncertainty and added stress, we have seen a dramatic increase in appetite for mindfulness related content from consumers as well as networks and streaming services, Headspaces Rogoway notes. In the meantime, with political and cultural turmoil coming from all sides, meditation apps are here to provide people with tranquil thoughts and calming whispers. And theres nothing more soothing than a familiar voice.

Question 1 The shift towards mindfulness apps through content streaming is gaining popularity in todays world. (a) Demonstrate how the motivation of consumers have shifted towards the rising trend of content streaming for better mental health with the use of the five (5) circumstances of motivation change (Changing lifestyles, changing trends, environment, Interaction with others, experiences). (20 marks) (b) Using the Trio of Needs model, discuss which one of the three needs comes out strongly when someone chooses to listen to Harry Styles Sleep Stories and why? (5 marks)

Question 2 (a) Compare the consumer imagery of Headspace, Calm, Audible and Centr. You are encouraged to research further on the brand to build the relevant imageries. (16 marks) (b) Audible has approached your group for help to find out where they can innovate further. Construct a perceptual map based on your findings of them and the three competitors brands in Q2a, and propose one (1) area that Audible can innovate against based on the map in the mindfulness apps category. (9 marks)

Question 3 (a) Your group was asked by Calm to help them increase the number of users. Differentiate the type of promotional messages that you would develop for the following personality market segments: i. Variety-seeking ii. High dogmatic iii. Visualizers (15 marks)

(b) Using any theory of behavioural learning, analyse how Calm can increase the adoption of its application. (14 marks)

Question 4 With examples from the case, use the basic communication model to verify how Headspace is practicing effective communication with regards to: (a) The sources (b) The channels (c) The receivers (21 marks)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

CompTIA Sec + Final Assessment nmap switches and outputs examples

Answered: 1 week ago