LOS ANGELES\u00a0 – A lot can change in a year.<\/p>\n
A year ago, as the pandemic bedded in, ad buyers were holding on to their money, pushing it down the marketing funnel and calling for a delay to the upfronts<\/a>, the traditional annual season in which TV and video networks pitch for advance ad spending commitments.<\/p>\n Fast-forward to May 2021 and, whilst pandemic economic effects have far from disappeared, a few circumstances are coalescing to make the Upfronts and IAB NewFronts a little different.<\/p>\n In this video interview with Beet.TV, Jay Prasad, chief strategy officer for TV at ad-tech company LiveRamp explains why this time it is different.<\/p>\n “Last year, you know, I don’t even think Peacock was launched yet, Discovery Plus wasn’t out yet, Paramount Plus in its combined form wasn’t out yet,” Prasad says.<\/p>\n “So this is now the first year with all these massively built-up platforms that are owned by the traditional TV media companies that are being combined with a return to normal in live linear with sports.”<\/p>\n Prasad thinks the emergence of the new, network-backed AVODs, plus increasing advertiser appetite for a new kind of media buy, will drive adoption of connected TV (CTV) advertising.<\/p>\n “I think this year’s upfronts are very much going to be focused on what the opportunities are for marketers to really embrace the platform,” he says. “Not just because it’s like digital – it’s because it has unique content experiences, viewing experiences, interactive and creative ad units that don’t exist in traditional TV.”<\/p>\n Over half (54%) of US digital media professionals naming it a leading priority for 2021, per an October 2020 survey<\/a> by Integral Ad Science.<\/p>\nThe new fronts<\/h2>\n
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CTV trends up<\/h2>\n