NFL on Netflix, and Big Tech’s TV Upfronts Takeover
May 16, 2024
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Media analyst Rich Greenfield joins Matt to discuss the TV up-fronts, Netflix's NFL deal, YouTube's viewership data, Amazon's announcements, and the future of media. They also talk about the 'Wicked' trailer and two-part movies.
Streaming platforms like Amazon and Netflix are dominating TV upfronts, signaling a shift in industry power dynamics.
Advertisers are focusing on user engagement and time spent on streaming platforms for impactful advertising strategies.
Deep dives
Evolution of TV Upfronts: Streaming Platforms vs. Traditional Networks
The evolution of TV upfronts showcased a shift in dominance from traditional networks to streaming platforms like Amazon and Netflix. Amazon emphasized its massive Prime subscriber base with newly incorporated advertising while Netflix, with a smaller ad tier, focused on its cultural influence and upcoming NFL games. The absence of CBS and Paramount, and the presence of tech giants like Netflix at TV upfronts, marked a significant industry transition.
Importance of Time Spent for Advertisers on Streaming Platforms
The discussion underscored the crucial shift towards time spent as a key metric for advertisers on streaming platforms like Netflix, Amazon, and YouTube. While subscriber numbers and traditional metrics remain relevant, the focus is shifting towards engagement and user time spent on these platforms for impactful advertising strategies.
Netflix's Strategic Pivot to Advertising and Live Events
Netflix's strategic pivot to advertising and live events marked a significant departure from its previous stance. With the introduction of an ad tier and the acquisition of NFL games, Netflix signaled a new direction towards incorporating ads and live programming, strategically positioning itself for broader advertising revenue growth and engaging with advertisers.
Challenges and Changes in Talent Compensation at Netflix
A brewing conflict between talent and Netflix highlighted changes in talent compensation strategies. Netflix aims to align pay with performance, moving away from upfront buyouts for talents. The shift indicates a move towards a merit-based compensation model, potentially affecting industry dynamics for talent engagement and project financing.
Matt is joined by media analyst Rich Greenfield to give out their biggest takeaways from the TV up-fronts, including Netlifx’s three-year deal with the NFL, YouTube’s impressive viewership data, Amazon’s slew of splashy announcements, and why this year might mark a turning point in media (02:20). Matt finishes the show with a discussion of the newest ‘Wicked’ trailer and the future of two-part movies (24:55).
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