Streaming Revenue Will Overtake Pay TV in Q3 of 2024
by Frankie Karrer
2 Min Read
Your destination for the latest CTV stats, trends, and insights.
2 Min Read
When it comes to advertising channels, new research has revealed that television is one of the most important influencers of consumers. A recent survey from The TVB found 49% of respondents believe TV was more important for awareness than all other media platforms combined. In fact, the report found that 90% of online shoppers said that TV ads influenced their search selections. This is likely caused by the cross-device behavior of TV viewers—according to a report from eMarketer, 74.2% of US adults will use an internet-connected device while watching TV at least once a month in 2022.
So it’s no wonder that advertisers are investing more into television advertising this year. The same eMarketer report found that of the $345.99 billion that is expected to be spent by advertisers on media this year, around $144.55 billion will be spent on both linear TV and Connected TV (about 42% of total ad spending). Ultimately, as the advertising industry becomes increasingly fragmented and complex, it looks like TV is one of the channels that best captures the attention of consumers and leads them to convert.
Making Programmatic Work in Connected TV
2021 was the year of Connected TV, and 2022 is poised to be even bigger as it remains one of digital advertising’s fastest-growing platforms.
Is the Price (of Content) Always Right?
While the matter of content quality is mostly subjective, both media-buyers and publishers are debating if there’s a way to standardize and put a value on content.
80% of CMOs Turn to Agencies for TV Strategies Amid Streaming Shift
The shift to streaming has opened new opportunities for advertisers and driven an increase in ad spending. However, the shift has also fragmented the ad buying process and made it increasingly difficult for CMOs to manage on their own.
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