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The Drum recently reported on 'How can brands effectively reach the Olympic audience with connected TV advertising?' in which they outlined why brands are putting connected TV at the centre of their Olympic strategies and what you can do to achieve 'medal-worthy' performance from your CTV campaigns. - The size of the Olympic TV audience is impressive, with over 3 billion unique viewers – almost 40% of the world’s population – tuning in to coverage of Tokyo 2020. For this year’s games in Paris, a billion people are expected to tune in for the opening ceremony alone. - The balance is tipping away from linear TV advertising toward CTV and streaming services. This year CTV will account for around a third (32%) of the $91bn spent on TV advertising in the US. By 2027 this will increase to 42% of $98bn. Another year or two and CTV will overtake linear. - This shift in ad spend is due partly to changing viewing habits, with 80% of US consumers aged 25 to 54 expected to watch CTV this year. The popularity of streaming services has been boosted by the arrival of live events – especially sporting events – which for many years had remained the domain of linear TV. Why brands are sprinting to CTV - 1. It allows one-to-one communication Traditional linear TV advertising has always been about mass reach, with ad spot selection based on broad audience demographics, e.g., preferred shows, preferred dayparts. CTV, on the other hand, is addressable, so brands can engage in one-to-one communication with individual households, which makes advertising more effective and efficient. 2. It’s cookie-free by design With Google finally withdrawing support for third-party cookies in Chrome this year, there’s a lot of talk about how brands can continue to deliver relevant, personalized advertising. But if brands look beyond traditional digital advertising, they’ll find cookie-free alternatives like CTV. 3. It’s easier to measure than linear CTV advertising is far easier to measure than linear TV advertising. That’s once again due to the unique identifiers within the CTV environments, as well as the return path for ad exposure data that makes associating a customer’s journey from ad impression to purchase simpler. 4. It’s engaging due to content choice With CTV, viewers have more control over what they watch and when they watch it. With all Olympic events for Paris 2024 being streamed on services like NBC Universal’s Peacock, viewers can watch the ones they’re interested in – anything from breakdance to kitesurfing – rather than just viewing what the major broadcasters choose to show. To read the full article; check out: https://lnkd.in/eEVEgXnu #redmediaplus #ctv #connectedtv #linear #Olympics

How can brands effectively reach the Olympic audience with connected TV advertising?

How can brands effectively reach the Olympic audience with connected TV advertising?

thedrum.com

Adam Gilsenan

Chief Media Consultant @ YOC

7mo
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