This week’s upfronts may be judged in relation to recent NewFronts: Presentations highlighted advances in streaming, ad targeting, short-form video, and AI.
US connected TV (CTV) ad spend will continue to grow through 2027, when it will reach $40.90 billion, according to our forecast. Apart from a small bump next year, ad spend on TV (including broadcast and cable TV) will decline over the next few years. Still, TV’s share of total ad spend is larger than CTV’s, indicating it remains a key player in marketers’ ad strategies.
Big Tech balks at EU’s proposed AI Act changes: The EU is proposing strict AI regulations and a Microsoft exec wants none of it. An AI-induced myopia is at play.
Anthropic could overtake OpenAI’s lead with latest upgrade: The startup has invigorated its Claude chatbot with a larger memory in a move that could draw enterprise users away from ChatGPT.
Amazon doubles down on fast delivery: The retailer uses AI to reduce the distance it takes to fulfill orders, and prioritizes items that can be delivered quickly in search results.
The company's plan to pause 5G network construction could impact cell tower leasing and potentially slow overall 5G adoption.
The UK can’t keep up with fraud: After billions of pounds lost and solutions that don’t go far enough, it keeps trying.
Regional banks clamoring for customers and deposits must update their digital marketing strategies.
Meta showcased upcoming AI enhancements for its business solutions, emphasizing messaging apps and video. It aims to leverage AI to drive innovation until the metaverse matures.
MoneyLion’s search tool pairs AI with consumer data—neither of which makes it stand out.
YouTube’s attempt to stop ad blockers reveals an essential conflict: After quarters of ad revenue losses, YouTube is making a move that may be unpopular with users.
Eurovision can allow marketers to strike a high note: The yearly singing competition embraces inclusion with a global audience that’s larger than the Super Bowl.
On today's episode, we discuss Snapchat's first quarterly revenue decline since going public in 2017, what to make of the social platform's My AI chatbot, and how concerned we should be by Snapchat's inability to innovate (without being copied). "In Other News," we talk about TikTok ads bringing viewers back to bigger screens and what people are doing on different social media platforms. Tune in to the discussion with our analyst Jasmine Enberg.
US digital ad spend growth will return to double digits next year at 11.2% growth, following 2023’s slower growth of 7.8%. Growth certainly won’t return to the 37.6% growth we saw in 2021, but it will increase steadily. Come 2025, US digital ad spend will pass $300 billion and keep climbing to nearly $400 billion by the end of 2027.
TikTok and generative AI have changed the brand marketing game more than any other development since the pivot to mobile, and social media marketers must adapt. Here are six takeaways from CMOs and marketing professionals on how to do just that.
Twitter’s CEO is a strategic pick that ultimately won’t do much: Linda Yaccarino is an experienced exec, but it may be too late to stop Twitter’s decline.
Walmart lags behind Amazon in total ecommerce sales, retail media ad dollars, and retail subscriptions. But there may be ways for it to minimize the gap in certain areas, namely search and AI capabilities.
QSRs turn to tech to cut costs and boost efficiency: Wendys, Hardee’s, Carl’s Jr., and Sweetgreen are among the chains turning to automation to streamline operations.
The European Central Bank is looking into greedflation as corporate profits rise: That has put CPG companies in the hot seat, as grocers and governments push back against persistent price hikes.