Weakness in the upfront marketplace appears a foregone conclusion for legacy and digital-first platforms. So what happens after that?
A strong scatter market? In the old days, that would have been the result. But nowadays? There are a lot more complications in play.
Looking on a granular level, TV ad …
Wayne, national TV ad spend for the broadcast TV networks, cable channels and national syndicators totals about $40-42 billion. If prime time upfront on the broadcast TV networks and cable channels works out to about $18 billion, that's not the only upfront buying that goes on for linear TV. At least $10 bilion will be spent for early AM, daytime, news and late night TV GRPs from the broadcast TV nets and cable as well as more for national Syndication--"Wheel Of Fortune" , "Jeopardy", etc. So the total upfront, across all sellers and dayparts for linear TV is more like $30 billion. How doe these folks come up with a linear TV "scatter" spend of $20 billion? Same question for streaming. Most estimates have streaming ad spend at $24 billion or thereabouts--a few a bit lower, a few a bit higher. Yet we are told that national TV ad spend for streaming will be $18 billion upfront and $10 billion for scatter. That doesn't compute as there are other kinds of advertisers using streaming besides traditional national TV buyers.