Viacom Unveils Findings From Global Research Study, "the Next Normal: an Unprecedented Look at Millennials Worldwide"

Viacom Unveils Findings From Global Research Study, "the Next Normal: an Unprecedented Look at Millennials Worldwide"

LONDON and NEW YORK, November 15, 2012 /PRNewswire/ --



Despite Significant Economic Concerns, Vast Majority of Millennials are Very


Happy, According to Landmark Study of Young People Across 24 Countries



Viacom (NASDAQ: VIAB, VIA) and its Viacom International Media Networks (VIMN)
division, today unveiled in-depth findings from its groundbreaking new study, "The Next
Normal: An Unprecedented Look at Millennials Worldwide," which provides the first truly
global portrait of this highly influential demographic. The findings were presented at the
Monaco Media Forum by Colleen Fahey Rush, Executive Vice President and Chief Research
Officer, Viacom Media Networks.



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The study spans every continent and delivers insights into the attitudes, values,
aspirations and perspectives of young people (ages 9-30) from 24 countries: Argentina,
Australia, Brazil, Canada, China, Egypt, France, Germany, Greece, India, Italy, Japan,
Mexico, Netherlands, Poland, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden,
Turkey, United Kingdom and United States. In total, this project included 15,000
interviews, in-depth explorations and expert contributions/commentaries.



"'The Next Normal' is the broadest single study of the Millennial generation to date,"
said Rush. "It is a truly detailed understanding of this complex generation from all
corners of the world, and is without a doubt the definitive guide to this demographic's
evolution. These insights will help inform our content and further strengthen our
connections with Millennial audiences around the globe."



The study revealed that the economy is the #1 factor impacting the Millennial
generation today, with 68% feeling personally touched by the global economic crisis. This
percentage increases in Spain (86%), Italy (85%), and Greece (80%). But despite
significant economic concerns, the vast majority of Millennials worldwide demonstrate a
strong sense of happiness and optimism.




- Over three-quarters (76%) describe themselves as "very happy."
- Millennials' levels of happiness outweigh stress levels by a factor of
over 2 to 1.
- Latin American Millennials report the highest levels of happiness, in
countries like Mexico, Argentina and Brazil.


"We have a wealth of research on how young people approach life, what they consider
important and how they cope with challenging situations," said Christian Kurz, Vice
President, Research & Insights, VIMN. "This study builds on Viacom's already significant
leadership in understanding our audiences and is a perfect example of our commitment to
extending this knowledge and expertise globally."



Following is a snapshot of additional key findings from the study:



MILLENNIALS SUFFER FROM JOB INSECURITY



Economic concerns have resulted in a legacy of fear around job security and doubts
about upward mobility.




- Unemployment outweighs world hunger as the top global issue that young
people want to see solved.
- Almost half of young people (49%) believe that job security will continue to
get worse.
- A full 78% would rather have a minimum wage job than no job at all.
- While 38% of young people in 2006 strongly agreed with the statement, "I will
earn more than my parents," that percentage is down to 25% in the post-crisis era.


...YET THEY FIND REASONS TO BE HAPPY



Spending time with family is the top driver of happiness for Millennials today.



"Thanks to the importance Millennials place on family bonds, the family unit today is
closer than ever," added Kurz. "'The Next Normal,' based on the widest ever cross-section
of Millennials, confirms that this emphasis on family is a global phenomenon."



Friendships, both real-life and online, are another key driver of happiness. Among
Millennials, there is a trend towards smaller circles of real-life friends compared with
online friends, which are skyrocketing.




- Over the past six years, Millennials have maintained about the same number
of best friends, but their wider circle of everyday friends is shrinking.
- On the other hand, Millennials average well over 200 online friends. In the
past six years, there has been a significant jump in the number of online contacts
whom they consider friends, but have never actually met in person.


TECHNOLOGY DOESN'T DEFINE,IT ENABLES



Rather than defining the Millennial generation, technology is more of an enabler. If
asked, a Millennial might say, "Technology doesn't make me who I am. It lets me be who I
am." Technology underpins relationships and plays an important role in sustaining
happiness and broadening horizons.




- Three quarters of Millennials believe social media has a beneficial effect
on relationships with friends.
- A full 73% of Millennials say access to the Internet changes the way they
think about the world.


PRIDE AND TOLERANCE



Millennials are displaying a growing sense of national pride and interest in
maintaining local traditions. At the same time, they have an increasingly open and
tolerant view of other countries and cultures.




- 83% agree "I'm proud to be [X] nationality," up from 77% in 2006.
- 76% agree that it's important to maintain their country's traditions, up from
68% in 2006.
- 73% think it's great to have people from other countries coming to live in
their respective home country, up from 51% in 2006.
- 86% describe themselves as tolerant.
- 84% agree "my age group has the potential to change the world for the better."


"A key priority for VIMN is to provide its audiences around the world with 'glocal'
content --programming that strikes the right balance between global and local themes,"
continued Kurz. "Our findings from 'The Next Normal' indicate a truly positive display of
'glocalisation' in action among Millennials at an even deeper level."



THE NEXT NORMAL: "WE" VERSUS "ME"



This study indicates that "The Next Normal" is much more "we" than "me." Key defining
traits for the Millennial generation include a sense of global community, newfound
tolerance and flexibility, increased creativity and a powerful desire to share and
connect.




- 87% are actively curious about the world.
- 87% apply the phrase "sharing and connecting" to themselves.
- 85% describe themselves as able to adapt quickly to change.
- 93% globally believe it's our responsibility to treat all people with respect,
regardless of race, gender, religion, political viewpoint or sexual orientation.


Notes to Editors:




- The global quantitative survey was conducted in June/July 2012 with a
sample of more than 11,300 respondents. The sample of approximately 450 respondents in
each country (900 in the UK) covered three age groups, each of approximately 150
interviews: 150 x individuals aged 9-14 (last wave Millennials), 150 x ages 15-24, 150
x ages 25-30 (first wave Millennials).
- Fieldwork and data processing was carried out by GFK NOP MEDIA AND
ENTERTAINMENT with IPSOS providing fieldwork support in Saudi Arabia.
- Study design, analysis and reporting directed by JO MCILVENNA LTD.
- The primary research undertaken for "The Next Normal" was enhanced by
additional analysis based on 3,400 Millennials and 665 parents of Millennials in the
U.S.
- In addition, we were able to draw on qualitative explorations including
content analysis, focus groups, online QualBoard discussions and interviews with
generational experts.


About Viacom



Viacom is home to the world's premier entertainment brands that connect with audiences
through compelling content across television, motion picture, online and mobile platforms
in over 160 countries and territories. With media networks reaching approximately 700
million global subscribers, Viacom's leading brands include MTV, VH1, CMT, Logo, BET,
CENTRIC, Nickelodeon, Nick Jr., TeenNick, Nicktoons, Nick at Nite, COMEDY CENTRAL, TV
Land, SPIKE, Tr3s, Paramount Channel and VIVA. Paramount Pictures, celebrating its 100th
year in 2012 and creator of many of the most beloved motion pictures, continues today as a
major global producer and distributor of filmed entertainment. Viacom operates a large
portfolio of branded digital media experiences, including many of the world's most popular
properties for entertainment, community and casual online gaming.



For more information about Viacom and its businesses, visit http://www.viacom.com.
Keep up with Viacom news by following Viacom's blog at blog.viacom.com and Twitter feed at
http://www.twitter.com/Viacom.



About Viacom International Media Networks



Viacom International Media Networks (VIMN), a unit of Viacom Inc. (NASDAQ: VIA, VIAB),
is comprised of many of the world's most popular multimedia entertainment brands,
including MTV, Nickelodeon, Comedy Central, BET, Paramount Channel, VH1, VIVA, COLORS,
Game One and Tr3s: MTV, Musica y Mas. Viacom brands are seen globally in more than 600
million households in 170 territories and 37 languages via more than 200 locally
programmed and operated TV channels and more than 550 digital media and mobile TV
properties.






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Viacom and Viacom International Media Networks

CONTACT: For further information, please contact: Seema Alibhai, VIMN, +44-203-580-2106, seema.alibhai@vimn.com. Bernadette Simpao, VIMN , +1-212-654-4311, bernadette.simpao@vimn.com. Neena Koyen, Viacom Inc., +1-310-752-8452, neena.koyen@viacom.com


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