CHICAGO –\u00a0 The COVID-19 pandemic has prompted many advertisers around the world to keep their wallets closed. But could spending be about to spring forward in a big way?<\/p>\n
In this video interview with Beet.TV, Matt Spiegel<\/a>, head of media at TransUnion, says diminishing ad prices, more opportunistic ad buys and targeting technology will combine to welcome in a new tier of brand advertiser that traditionally had not played in TV.<\/p>\n For one, Spiegel thinks seasonal “back-to-school” and holiday diary markers will see healthy ad spend.<\/p>\n “There’s going to be a lot of pent up demand come this holiday,” he says. “I think there’s going to be a lot of money there.”<\/p>\n Couple that with a raft of content, like top-tier sports, that otherwise have pocketed premium ad spend; Spiegel suggests it leaves remaining content, with cheaper ad rates, ripe for newcomers.<\/p>\n “I think it opens the door for a lot of new advertisers,” he explains. “A lot of new categories that have historically been crowded out (will) likely have room to play.<\/p>\n “TV has often been a big-marketer game, especially linear television, because it’s a high dollar commitment (and) often a longer-term commitment.<\/p>\n “As more dollars are kept to be spent at the moment of opportunity … you leave room for the torso of clients that are not the big spenders but are in many categories that, especially right now, can spend more money.”<\/p>\n The upfront ad sales season is the time of year when programmers traditionally tout their upcoming content slates to secure upfront ad buy commitments.<\/p>\n But securing advance bookings from brands in this environment could be more difficult than before, whilst many TV broadcasters are significantly discounting their ad rates in a bid to stop haemorrhaging under-pressure advertisers.<\/p>\n Spiegel agrees that “the (TV) upfront has probably changed forever”.<\/p>\n He imagines new advertising coming from higher-education e-learning providers, all kinds of subscription services and from fitness operators launching digital content strategies.<\/p>\nDoor is opening<\/h2>\n
Upfronts have changed<\/h2>\n