¡Feliz Cumpleaños MTV!
For 25 years now MTV has been quite successful at maintaining a pulse on global youth culture. Not only has it mastered anticipating youth trends, it has also known how to evolve its offering to meet their needs.
Recently MTV announced that later this year it will launch MTV Tr3s. Yes, yet another MTV channel. What’s different about MTV Tr3s is that it is targeted at 12-to-34-year-old bilingual/bicultural U.S. Latinos, featuring programming in both English and Spanish. It’s not the first of its type. In fact, NBC Universal’s Telemundo already offers mun2. But the fact that MTV is evolving its MTV En Español channel to a bilingual format confirms that multiculturalism is going mainstream.
Marketers are beginning to realize three imperatives for marketing to Latino youth:
(1) Marketing to Latinos is not about deciding between English or Español.
(2) Future generations of Latinos have a more multicultural and bicultural vision of the world.
(3) Even as they assimilate into the U.S. mainstream, young Latinos embrace the fusion between Latino and American cultures.
There are also the facts and figures that need to be considered:
• 70% of U.S. Latinos under the age of 35
• By 2030 Latinos will represent 26% of the under 18 population
• Latinos under 35 spend $400+ billion annually
• Latino teens will grow 62% between 2001 - 2020
What MTV and other marketers have identified is not simply a bilingual/bicultural sub-segment of the Latino population. They are tapping into an emerging new lifestyle category that will influence mainstream American youth culture in very possible way – fashion, food, music, customs, etc. The future of marketing to Latinos will go beyond language and will necessarily have to embrace a broader definition of what it means to be Latino in the U.S.
