CNBC reports NBCUniversal has received more than $1 billion in national advertising commitments for the 2020 Summer Olympics in Tokyo, the company said Tuesday.
On a conference call with reporters Tuesday, executives said this reflects double-digit growth over where it was pacing eight months before the Olympics in Rio de Janeiro, Brazil in 2016. Dan Lovinger, EVP of Advertising Sales for NBC Sports Group, said the company expects to surpass Rio’s total of $1.2 billion in national ad sales. The Olympics will run between July 24 and August 9, 2020.
There’s interest from new advertisers too, executives said, with more than half of advertisers committing being new to the summer games.
A report from Interpublic Group of Cos.-owned media research group Magna released Monday said national TV ad sales declined by 3% in 2019 to $42 billion this year and will decline further in 2020 “even factoring the incremental ad revenues generated around the Summer Olympics.” Meanwhile, digital media is expected to grow 11% in 2020, to reach 60% of total ad spend.
But NBC executives, who said more than 7,000 hours of coverage will be delivered from Tokyo, are thinking more about audiences than where they’re watching. With so much of linear TV’s audience decamping in favor of digital platforms, executives said the company has created a “single audience guarantee” for whether a viewer is watching via linear television or on a digital platform. The cost of ads range between $1 million and more than $100 million, they said.
Executives said this enables advertisers to “toggle back and forth” to take advantage of spikes in viewership — making so they’re not really delineating between a linear viewer or a digital viewer, they said.
No comments:
Post a Comment