SAN FRANCISCO, Aug. 18, 2022 (GLOBE NEWSWIRE) — Samba TV, the leading provider of omniscreen data and analytics, today released its latest State of Viewership report, analyzing approximately 24 billion hours of linear and streaming during the second quarter of 2022. Samba TV’s targeted insights illustrated a viewership landscape marked by year lows in linear TV viewership, record saturation of the linear TV ad market, a tsunami of new content flooding streaming platforms, and an increasing likelihood for streaming subscriber churn.
“With 95% of all linear ad impressions now reaching only half of American television viewers, we have reached a tipping point for television and advertising more broadly. This is a wake up call moment for our industry. It has become a business imperative for the advertising market to evolve away from legacy practices that are leading to significant waste and missed opportunities to embrace new solutions that do not oversaturate the same potential customers with the same costly ads while leaving tens of millions of households largely ignored,” said Samba TV CEO and co-founder Ashwin Navin.
Samba TV’s State of Viewership Report provides a comprehensive overview of television, movie, Connected TV (CTV), and advertising viewership. Samba TV’s report sheds further light on changes in television viewership, which include:
- Consumption of Linear TV Drops to a Yearly Low as Nearly All Linear Ad Impressions Reach Only Half of American Households: In Q2, Linear TV dropped to a year low in minutes watched. With only half the population tuning in to traditional television each day on average throughout Q2 2022, advertisers face a heightened challenge in reaching the other half of household viewers through these mediums. Samba TV’s insights uncovered continued ad saturation across linear, with 95% of all ad impressions reaching only half of American households.
- Gen Z and Millennials Drive Shift Away from Linear TV: Millennials under age 35 watched nearly 25% less linear TV per week than households over age 35. Some decline in linear viewership can be attributed to different habits among age groups, with older generations remaining tied to linear and younger viewers switching to OTT services.
- Competition for Entertainment Content is at an All-Time High; Platforms Have Only 30 Days to Capture Audiences Before They Set Sights on Next Buzzworthy Streaming Show: In the world of streaming, the need to maintain fresh content is at a record high among platforms, with even the most-viewed series fizzling out after its first month and the rate of SVOD subscription churn increasing as viewers look to cut costs. Samba TV data shows over three quarters of 50-day premiere viewership on streaming platforms occurs within the first two weeks. By the 15th day after release, almost all top shows had driven more than 70% of their cumulative 50-day viewership. This jumped to more than 86% of the 50-day viewership after 30 days.
- SVODs Risk Churn with Limited Stickiness:
- Sports Remain Saving Grace for Linear TV, with Women’s Sports Demonstrating Explosive Growth: 80% of the top 50 reaching linear programs were related to sports, demonstrating how live sporting events continue to dominate the linear space. Notably, only four linear TV programs drove over 10 million household tune-ins this quarter, and each of them were tentpole sporting events. The Women’s March Madness tournament in particular saw a renaissance in viewership, experiencing an 81% increase in viewership year over year.
“A critical finding in the Q2 report points to the need for streaming platforms to think differently about how they market their content,” continued Samba TV’s Navin. “With more than $40 billion being spent this year alone on new content, consumers are overwhelmed by choices. Platforms need to ensure they are driving smart strategies ahead of content launches to draw in not just built in fans but broader viewers who may be interested. In today’s content streaming wars, just because you build it, doesn’t mean viewers will come to it. We need to be much more strategic about how we drive engagement before, during and after launches.”
About Samba TV
Samba TV has transformed the TV from a pane of glass on the wall to a window into the heart of audiences. We are the global leader in television technology powering real-time insights and audience targeting to enable unparalleled marketing efficiency and effectiveness. Our proprietary first-party data from tens of millions of opted-in televisions, across more than 20 TV brands sold in over 100 countries, provides advertisers and media companies a unified view of the entire consumer journey. Our independent currency-grade measurement has future-proofed advertising for the next generation, empowering advertisers to connect with their audiences on any platform, across every screen.
The content is by Globe Newswire. Headlines of Today Media is not responsible for the content provided or any links related to this content. Headlines of Today Media is not responsible for the correctness, topicality or the quality of the content.