TV networks should be encouraged by the ad forecasts presented this morning at the UBS Global Media and Communications Conference. Global spending on the medium will grow 7.7% in 2014, up from +1.8% this year, Magna Global EVP Vincent Letang says, In the U.S., broadcast TV will benefit most from the mid-term elections and Winter Olympics. Spending will increase 9.3%, in contrast to this year’s 5.7% drop. Cable will be +7.8% vs. +4.4% in 2013. Much of the growth will come from technology and telecom companies as they introduce game consoles and gadgets — but auto and pharmaceutical spending will rise. Entertainment, however, will be down in 2014, due in part to efforts by studios to trim their release slates. Political spending likely will be about a third higher than it was in 2010 at $3B, Letang says. He also expects about $600M in spending around the Winter Olympics. Generally speaking “television and digital media are sharing the eyeballs and dollars that print and radio are losing,” Letang says.
Advertisers Will Spend $3.6B On TV For 2014 Elections And Olympics: Forecast
What's Hot on Deadline
'Jungle Book' Tide Rises & Drowns 'Keanu', 'Mother's Day' & 'Ratchet & Clank' - Saturday Night Update
Obama's Final White House Correspondents' Dinner Kicks Off With Will Smith, Priyanka Chopra, Bryan Cranston, WME & UTA Brass
Latest Business News
- Larry Wilmore Savages Media, Ignites Controversy During White House Correspondents Dinner Skewering
- Labor Department: Art Directors Guild Exec Director Is “Officer” & Must Stand For Election
- How A DreamWorks-Illumination Combo Beats Disney At The B.O.
- NFL Draft Day 1 Viewership Down From 2015; ‘Big Bang Theory’ Wins Demo
- Time Warner’s Jeff Bewkes Made $31.5M in 2015, Down 4.3%
- Home Entertainment Spending Fell 9% In Q1 Not Including Streaming Services