Subscriptions Will Drive Around Two-Thirds of 2024 Streaming Revenue in the US.

We may be in for a switch up in the world of streaming TV ads in the near future. Subscriptions are still the main moneymaker for platforms like Netflix, Hulu, and Disney+, bringing in roughly two-thirds of their total revenue. But according to new data from eMarketer, the rise of ad-supported streaming has lit a fire under the ad revenue of these platforms — making it grow faster than than of subscription revenue.

So how are streaming platforms attempting to gain an edge in this new ad-supported world? One of the most popular methods is through live sports. Peacock and Paramount+, in particular, made live sports a big part of their strategy to drive ad revenue, and are diving in headfirst to score big on ad revenue. In fact, Peacock’s exclusive NFL playoff game ended up generating about 3 million new subscribers. Max is also banking on live sports expanding its ad-supported viewership, having seen some promising results after adding live content during March Madness. Ultimately, with ad revenue growing faster than subscriptions, the battle for viewer eyeballs (and the ad dollars that come with them) is just heating up.

Connected TV in the News

WBD Debuts New Dune Series, Ad Products, and One WBD System at Upfront
Adweek
Warner Bros. Discovery unveiled a slate of new content, ad products and consumption metrics at its TV upfront presentation in Madison Square Garden. The pitch centered on WBD’s iconic intellectual property and a reenergized stable of television and film following last year’s writers strike.

Upfronts Season Is Back, but How Does Its Future Look? We Asked, You Answered.
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The upfronts are back, but will they continue to deliver? And what impact will this have on Connected TV advertising? Who better to answer that question than those who are immersed in branding and marketing every day?

Amazon VP Says Prime Video Ads “Connected the Dots Across Our Universe”
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At Amazon’s upfront presentation, the company’s execs told ad buyers that all of them would soon be able to benefit from the technology and data insights that have long been at the core of the company.