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[email protected] The Daily News of TV Sales Friday, July 2, 2021 Copyright 2021. OUTLOOK: U.S. UPFRONT CTV AD SPEND TO REACH $4.5B MORE MONEY MOVES TOWARD STREAMING VIDEO ADVERTISER NEWS For the first time,eMarketer has broken out the portion of Hyundai, Kia and Genesis continued to rack up U.S. U.S. upfront digital video ad spending that goes to connected sales gains in June while largely shrugging off supply con- TV (CTV). This year, the research firm says, advertisers will straints and parts shortages that have hobbled other auto- increase their upfront CTV video ad spending by almost makers, capping a strong Q2 for the brands as the industry 50% year over year to $4.51 billion. steadily rebounds from the pandemic. Automotive News This estimate includes all CTV video ad spending reports volume rose 45% to a monthly record of 72,465 at committed in advance, such as spending resulting from Hyundai, while deliveries jumped 43% to a June high of the TV upfronts, the Interactive Advertising Bureau 68,486 at Kia. At Genesis, sales advanced 184%. The three (IAB) Digital Content NewFronts, and other events and Hyundai Group brands are benefiting from new and rede- meetings. signed crossovers and other light trucks. At Kia, light trucks eMarketer forecasts that almost two-thirds of upfront digital accounted for 64% of all U.S. sales in the first half while video ad allocations will go to CTV placements this year, crossovers now represent 55% of Genesis volume… Bud- and that share is growing.