Screenvision makes its upfront pitch as the more attentive alternative to TV
Though it has historically attracted only a small portion of video ad dollars committed to television platforms, cinema ad firm Screenvision pitched media buyers and marketers at its upfront presentation Tuesday night with the notion that it delivers a far more attentive audience than any other video or digital alternative out there.
Whether media buyers and planners buy the argument remains to be seen as this year’s upfront marketplace begins to move.
Screenvision, which is the second-largest cinema ad firm behind market leader National CineMedia, is hoping to take advantage of the fact that NCM is in the process of emerging from bankruptcy proceedings. John Partilla, Screenvision’s CEO, said he believes the company will be able to get its ad revenue back to pre-pandemic levels due to that reality, as well as the fact that people are returning to movie theaters in large numbers again, based on growing box office receipts. He and chief revenue officer Christine Martino said forecasts predict 1 billion movie tickets will be sold in 2023, within 5% of the number in 2019 — and then 2024 is expected to surpass 2019.
It doesn’t hurt that linear and connected TV viewership remains in flux.
“Our value and our relevance has markedly increased, for the simple reason that there is just no denying that the linear TV viewership and impressions continue to steadily and significantly decline year upon year,” Partilla explained to the audience. “And it’s also pretty evident that the available universe of ad-supported streaming inventory simply can’t nearly compensate and make up for linear TV’s impressions decline.”
Martino said attention research Screenvision conducted via Amplified Intelligence showed that on average, 75% of moviegoers’ attention is focused on ads shown in between the content Screenvision presents before the movie starts. She added that percentage is double the attention of TV and CTV, and four to six times that of digital and social media.
“They’ve literally put their phones away and they’re staring at the big screen waiting to be entertained,” said Martino.
One media agency group director who attended the upfront was impressed with the attention data Screenvision trotted out. “In a fragmented video marketplace, attention matters more than ever,” said the director, who declined to speak on the record. “The data put forth by Screenvision is compelling and illustrates the impact that cinema can deliver.”
Martino also noted that the audiences attending movies are getting younger, with 80% of the moviegoing crowd under 40 years of age, which represents a 5% increase over 2019 attendance. Specifically, she added, Gen Z makes up the biggest growth group, who are expected to purchase 300 million tickets this year — the same cohort that are cord-cutters.
What that cohort does watch a lot of is TikTok, which has to do with why Screenvision announced a partnership with the popular but challenged social platform to provide content within its pre-movie content.
Before having Partilla take the stage again for a Q&A with director Spike Lee, Martino pointed out that the writers’ strike, which threw a wrench into the programming slates of the main TV and streaming companies, will not affect theatrical films due to their longer lead times.
How Adobe is adding new generative AI tools for enterprise clients and everyday users
The company says "hundreds" of brands and agencies are generating content with Adobe Firefly and a new beta version of Adobe Express.
How a new data-driven TV ad product from Blockgraph aims to harmonize varied data feeds
GraphPort aims to harmonize multiple datasets into one usable stream, notably when brands or publishers are relying on other sources for first-party data.
MediaMath and Viant are in talks to potentially join forces
Potential outcomes include one of ad tech's most storied names debuting on the public markets via a buyout.
SponsoredWhat the measurement and currency discussion really means to TV advertisers
Ali Mack, head of TV and agency, Experian Major streaming video providers have recently made headlines by adopting new currencies for ad measurement, threatening Nielsen’s long-standing TV ratings monopoly. NBCUniversal, for example, has certified iSpot and VideoAmp as currencies for advanced audiences and formed the Joint Industry Committee with Paramount, TelevisaUnivision and Warner Bros. Discovery. […]
The Trade Desk launches slew of updates in its quest to wrest ad dollars from Walled Gardens
CEO Jeff Green announced a series of overhauls to The Trade Desk's platform to loosen the vice-like grip the industry's Walled Gardens have over advertisers' budgets.
How made-for-advertising publishers are stopping the ad industry’s sustainability goals
Name brand publishers can try all they want to reduce their carbon footprints, but some experts worry that made-for-advertising sites will prevent much progress from being made.