Zia Daniell Wigder’s Post

Another new forecast is live! #CTV #adspend is set to grow even faster than we projected in March 2023 as the gap in market size b/t traditional & digital TV continues to shrink. All growth will come from #digital. 𝗕𝗶𝗴 𝗴𝗿𝗼𝘄𝘁𝗵 𝗳𝗼𝗿 𝗖𝗧𝗩 𝗮𝗵𝗲𝗮𝗱 The new Insider Intelligence report by Paul Verna went live yesterday; the official title is𝙏𝙑 𝙖𝙣𝙙 𝘾𝙤𝙣𝙣𝙚𝙘𝙩𝙚𝙙 𝙏𝙑 𝘼𝙙 𝙎𝙥𝙚𝙣𝙙𝙞𝙣𝙜 𝙁𝙤𝙧𝙚𝙘𝙖𝙨𝙩𝙨 𝙃2 2023: 𝘿𝙞𝙜𝙞𝙩𝙖𝙡 𝙂𝙧𝙤𝙬𝙩𝙝 𝙈𝙖𝙠𝙚𝙨 𝙐𝙥 𝙛𝙤𝙧 𝙀𝙧𝙤𝙨𝙞𝙤𝙣 𝙤𝙣 𝙩𝙝𝙚 𝙏𝙧𝙖𝙙𝙞𝙩𝙞𝙤𝙣𝙖𝙡 𝙎𝙞𝙙𝙚. It shows that the combined spending on TV and CTV will grow by over $12B between 2023 and 2027, but that reflects an increase of $17.8B from CTV and a decline of $5.6B from linear TV. Amazon will be a major driver of CTV ad spending as it gets ready to add an ad-supported tier to Prime Video in 2024. 𝗧𝗵𝗲 𝗼𝗻𝗴𝗼𝗶𝗻𝗴 𝗱𝗲𝗰𝗹𝗶𝗻𝗲 𝗼𝗳 𝗹𝗶𝗻𝗲𝗮𝗿 𝗧𝗩 𝗶𝘀 𝘂𝗻𝗽𝗮𝗿𝗮𝗹𝗹𝗲𝗹𝗲𝗱 The report also notes the unprecedented nature of the ongoing decline in traditional TV ad spending. Paul writes: "𝘌𝘷𝘦𝘯 𝘸𝘪𝘵𝘩 𝘢 𝘧𝘳𝘢𝘤𝘵𝘪𝘰𝘯𝘢𝘭 𝘪𝘯𝘤𝘳𝘦𝘢𝘴𝘦 𝘯𝘦𝘹𝘵 𝘺𝘦𝘢𝘳 𝘥𝘳𝘪𝘷𝘦𝘯 𝘣𝘺 𝘱𝘰𝘭𝘪𝘵𝘪𝘤𝘢𝘭 𝘢𝘯𝘥 𝘖𝘭𝘺𝘮𝘱𝘪𝘤𝘴 𝘴𝘱𝘦𝘯𝘥𝘪𝘯𝘨, 𝘵𝘩𝘦 𝘱𝘦𝘳𝘪𝘰𝘥 𝘧𝘳𝘰𝘮 2025 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 2027 𝘸𝘪𝘭𝘭 𝘮𝘢𝘳𝘬 𝘵𝘩𝘳𝘦𝘦 𝘺𝘦𝘢𝘳𝘴 𝘰𝘧 𝘤𝘰𝘯𝘴𝘦𝘤𝘶𝘵𝘪𝘷𝘦 𝘠𝘰𝘠 𝘥𝘦𝘤𝘳𝘦𝘢𝘴𝘦𝘴. 𝘛𝘩𝘪𝘴 𝘩𝘢𝘴𝘯’𝘵 𝘩𝘢𝘱𝘱𝘦𝘯𝘦𝘥 𝘴𝘪𝘯𝘤𝘦 𝘸𝘦 𝘴𝘵𝘢𝘳𝘵𝘦𝘥 𝘵𝘳𝘢𝘤𝘬𝘪𝘯𝘨 𝘛𝘝 𝘢𝘥 𝘴𝘱𝘦𝘯𝘥𝘪𝘯𝘨 𝘪𝘯 2008." Clients can access the full report and forecast via the link in the comments. #OTT #FAST #streamingtv

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics