Comcast says ad rates for fall TV up double-digit percentage from last year

Comcast

Comcast has said advertising rates and the volume of ad inventory it sold for the fall television season rose by double-digit percentages from the same period last year, as the parent company of NBCUniversal sought sponsors for inventory that included the upcoming 2022 Winter Olympics and the Super Bowl.

This was the first “upfront” sales period in which Comcast sold local, national and global advertising inventory together, for both traditional TV and digital programming. The upfronts are a series of annual presentations held in May by TV broadcasters to preview the upcoming season of shows for advertisers.

As traditional TV ratings decline across networks, Comcast is banking on marketers to advertise across digital platforms like its Peacock streaming service, which has an ad-supported option. Comcast said it sold $1 billion worth of ad inventory on its digital channels and $500 million in ad inventory on Peacock.

The company said 85% of ad inventory for Super Bowl LVI, scheduled for Feb. 13, is sold or in discussions, and that ad rates for Sunday Night Football are reaching “record highs.”

In June NBCUniversal CEO Jeff Shell attributed higher ad rates to a combination of limited supply and demand from more marketers as they emerge from the pandemic and ramp up ad spending they may have paused or reduced last year.

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Comcast’s media rivals have also reported strong upfront results – a positive sign for the TV industry, which struggled during the height of the pandemic as brands slashed their marketing budgets.

In June, Walt Disney Co CEO Bob Chapek said advertising revenue for the fall television season rose by “double-digits” from 2019, and that about 40% of upfront sales went to streaming or digital ads. AT&T-owned WarnerMedia described its upfront as the “most successful” in the company’s history.

The team at Platform Executive hope you have enjoyed the ‘Comcast says ad rates for fall TV up double-digit percentage from last year‘ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Helen Coster. Editing by Steve Orlofsky.

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