Tom Lesinski, CEO of NCM, discusses the resurgence of movie-going and the opportunities it provides for brands to reach a highly sought-after audience. They discuss the impact of recent strikes in Hollywood, the success of big movies like Oppenheimer and Barbie, and the importance of consistent theater attendance and blockbuster movies for generating interest and advertising revenue. They also explore the strategies for selling ads and targeting younger audiences, as well as the effectiveness of online advertising and data attribution in movie theaters.
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Quick takeaways
The resurgence of the cinema industry after COVID-related closures and writer and actor guild strikes presents a valuable opportunity for brands to reach a highly sought-after audience.
National Cinema Media (NCM) focuses on reaching millennials and Gen Z audiences through cinema advertising, which has been shown to be seven times more effective than digital advertising and four times more effective than television advertising in reaching millennials.
Deep dives
Optimizing Water Use for Greenhouse Gas Emissions Reduction
According to environmental reporting non-profit CDP, global water use, storage, and distribution contribute 10% of global greenhouse gas emissions. EcoLab, a company focused on water management, helps industrial facilities optimize water use in over 170 countries. By implementing more efficient water management, these facilities have the potential to reduce water consumption by up to 44%, trim energy use by up to 22%, and decrease corporate greenhouse gas emissions by up to 12%.
National Cinema Media's Positive Financial Performance
National Cinema Media (NCM), the largest cinema advertising platform in the US, reported third quarter revenue of $69.6 million, surpassing the estimated average of $54 million. With over 20,000 screens and 1,500 theaters in nearly 200 markets, NCM finished higher by 11.8%. The CEO, Tom Lassinsky, expressed optimism about labor agreements and the resurgence of the cinema industry after the COVID-related closures and writer and actor guild strikes. Additionally, he highlighted the positive impact of blockbuster movies like Oppenheimer and Barbie, which reignite interest and attract advertisers.
The Effectiveness and Targeting Capabilities of Cinema Advertising
National Cinema Media sells advertising based on forecasted business levels, guaranteeing audiences to advertisers on a CPM basis. The company focuses on reaching millennials and Gen Z audiences, who make up over 75% of their viewership. They emphasize the effectiveness of cinema advertising through studies showcasing its seven times higher effectiveness than digital advertising and four times higher effectiveness than television advertising when it comes to reaching millennials. NCM attributes its success to running ads after showtime and during trailers, capturing the attention of a captive audience in dark theaters.
Tom Lesinski, CEO of NCM, discusses how a resurgence in movie going provides an opportunity for brands to reach a highly sought-after audience. Hosts: Tim Stenovec and Barry Ritholtz. Producer: Paul Brennan.