Desperate for streaming profits, media giants look to a soft ad market for help

  • 📰 CNBC
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Media companies made their pitches to advertisers in the past week, going all-in on ad-supported streaming.

Still, it's early in the game, and it's unclear whether advertising will fill the gaps of unstable subscriber growth for streaming.There's been an uptick of consumers signing up for ad-supported streaming subscriptions. In the U.S., they grew nearly 25% year over year to 55.2 million in the first quarter of this year from 44.3 million in the year-earlier period, according to data firm Antenna. Growth in ad-supported tiers was on the rise last year, too.

Netflix, while noting it was still "in early days," said this week it had 5 million monthly active users for its cheaper, ad-supported option and 25% of its new subscribers were signing up for the tier in areas where it's available. Disney, which is also the majority owner of Hulu, has the greatest number of ad-supported subscriptions, followed by Peacock, Paramount+, Warner Bros. Discovery — which has the soon-to-be-merged Max and Discovery+ — and Netflix, according to Antenna. Hulu and Peacock are the two streamers with a majority of subscribers on ad-supported tiers, the data provider said.Another way of padding streaming businesses with revenue is through free, ad-supported, or FAST, channels.

For Fox, which is focused on sports and news on traditional TV channels, Tubi is its answer to streaming. As CEO Lachlan Murdoch had earlier noted in an earnings call, Tubi was a focal point at Fox's Upfront presentation last week. Executives cheered Tubi for making measurement firm Nielsen's streaming gauge report for the first time ever recently.

Executives at media companies including Warner Bros. Discovery, Paramount and Disney have said in previous investor calls that there remains room to grow on ad-free streaming options.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Why the Fed might hike rates in June, investment advice: Lindsey BellAnother Fed rate hike in June is a bigger possibility than investors think, according to longtime strategist Lindsey Bell. She told us why, and what to buy now.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »