4.3 • 847 Ratings
🗓️ 22 May 2023
⏱️ 30 minutes
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0:00.0 | Hi, I'm Missa Kwonger. And I'm Ryan Hunt. And we co-host Stadio, a football podcast on the Ring of Podcast Network. |
0:06.7 | If you like soccer or football, make sure you search for Stadio, a football podcast on Spotify or wherever you get your podcasts. |
0:17.6 | It is Monday, May 22nd. The television upfronts wrapped up this past week in New York. |
0:23.4 | If you're unfamiliar, those are the annual presentations for advertisers where they go through |
0:27.3 | all the new fall shows and wine and dine the brand reps and argue why they should be spending |
0:31.6 | billions of dollars on TV, not YouTube, although YouTube now does its own presentation. |
0:37.2 | I didn't go. I'm not an upfronts fan. |
0:39.7 | The parties mostly suck and everything's webcast these days. |
0:43.1 | Plus this year, the writers strike prevented stars and showrunners from even participating. |
0:47.6 | Instead, we saw people like Damar Hamlin and Greg Gutfeld on stage. |
0:51.5 | But there was one new and interesting thing at the up fronts. |
0:55.2 | Netflix. After years of saying it would never sell advertising and kind of looking down on the |
1:00.1 | whole ad market, Netflix now sells ads. They've offered the cheaper ad tier on Netflix for |
1:05.3 | about six months now. They said they've got about five million ad tier subscribers. Not bad for |
1:10.6 | that amount of time, but a small fraction of the 230 million subscribers worldwide. |
1:15.7 | Still, there were the top executives, Ted Sarandos and Greg Peters, doing their own pitch to these same advertisers, |
1:21.8 | arguing why Netflix is the best platform for ads. |
1:25.1 | They had some good arguments. |
1:26.5 | The level of viewing kind of blows away all the other |
1:29.0 | streamers. Three times the others combined, they said. And they positioned their entry into ads as the |
1:34.1 | equivalent of inventing the binge model for shows. Innovative, they said. I'm not so sure about that. |
1:39.7 | But it was a decent pitch, especially since Netflix scrapped a live upfront in favor of a tape presentation because of the strike. |
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