The idea of bringing advertising closer to entertainment and pop culture was always a theoretical no brainer but never a practical choice of the mainstream players
Physicist Michael Goldhaber coined a term in 1997 to describe how he believed the world economic order would change in the internet age. He noted that the present world economy is often characterized as an information economy. However, economies get built on underlying scarcity, whereas information is truly more abundant than ever.
What is scarce is people’s attention.
Therefore, he predicted correctly that “seeking attention†would become a core activity of the digital age. He called it the “attention economy†where attention is not only a resource but a currency: users pay for a service with their attention. Goldhaber wrote that the global economy is shifting from a material-based economy to one based on the capacity of human attention.
All consumer decisions are meditated even when seemingly impulsive. Hence we must ask:
Is influence proportional to fame?