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US Marketers claim TV ads less effective than 2yrs ago
Date: 21/02/2008
Most marketers say television advertising has become less effective in the past two years, but many are interested in exploring new ad formats and forms of video commercials, according to the Association of National Advertisers and Forrester Research.
Among the major findings of the fourth biennial TV & Technology study:
- 62% of marketers say TV advertising has become less effective in the past two years.
- 87% of respondents say they intend to spend more on web advertising this year.
- Close to half of the advertisers surveyed have already started to experiment with new ad types to work with DVRs and VOD programs.
- 87% of advertisers say branded entertainment will play a stronger role in TV advertising in the coming year.
- Advertisers are eager to try new ad formats, including ads in online TV shows (65%), ads embedded in VOD (55%), interactive television ads (43%), and ads within the set top box menu (32%).
- Over 50% of marketers report that when half of all TV households use DVRs, they will cut spending on TV advertising by 12%.
- 72% of marketers are very interested in having individual commercial ratings rather than average commercial ratings.
"As marketers embrace the richness of new advertising avenues outside of the traditional TV format, the TV industry is working to address marketers' issues related to ratings and the changing TV landscape," said Bob Liodice, President and CEO of the ANA.
Additional insights from the study:
- Media agencies have vastly improved their ability to help their clients deal with the changes: Only 28% of respondents reported that their media agency is ill-equipped to address the changes in TV advertising, compared with 47% two years ago.
- Creative agencies did not fare as well, with 47% of marketers indicating that their creative agency was still ill-equipped to help deal with changes, a slight improvement from 55% saying so two years ago.
About the study: The TV & Technology study was conducted in January 2008 and is based on a survey of 78 leading advertisers, across all major industries and categories. The goal of the study was to measure the attitudes of national advertisers toward television and the impact of technology.
Source: ANA, Forrester Research, WARC
The WFA Media Committee frequently explores topics related to new media opportunities and helps members position themselves against the broader industry development curve with regards to below-the-line and digital. For more information on the work being done please contact [email protected]
