Advertisers Spent $633M in Q1 on Programming Most Impacted by Writer’s Strike

By George Winslow
published

MediaRadar: TV talk show, soap operas and OTT platforms are the three categories of programming most impacted by writer’s strike

strike
(Image credit: Getty)

As the entertainment industry braces for the impact of the writers strike and worries about the possibility of a Screen Actors Guild walkout, MediaRadar has issued a new report examining the impact of the strike on advertisers and the outlets that depend on advertising. 

It’s analysis found that advertisers spent $633.2 million advertising in the last quarter on the three categories most vulnerable to the writers’ strike - TV talk shows, TV soap operas, and streaming platforms. 

For the report on the potential impact of the writer’s strike on advertisers, MediaRadar analyzed a data sample of ad spend from categories most vulnerable to production stoppages between January 1, 2022 through March 31, 2023. 

Key findings include:

  • Advertisers spent $633.2 million last quarter on the three categories most vulnerable to the writers’ strike - TV talk shows, TV soap operas, and streaming platforms (OTT). 
  • Ad spend on TV talk shows totaled  $221.4 million in Q1 2023, up 11% YoY ($199.9 million in Q1 2022)
  • Ad spend on TV soap operas was $59.4 million in Q1 2023, up 23% YoY ($48.8 million in Q1 2022)
  • Ad spend on streaming platforms (OTT) was $352.4 million in Q1 2023, down 28% YoY ($486.8 million in Q1 2022)

The study also found that the strike is having an impact on movies and movie related events. During the 2022 MTV Movie & TV Awards, over 100 advertisers invested $25.7 million to showcase nearly 160 brands. Top categories included Media & Entertainment, Technology, Medical & Pharmaceutical, Retail, and Finance, which combined totaled $18.5 million (66% of the total spend), the report found. 

Advertisers that invested over $1 million included: schizophrenia prescription, cell providers, action films, food delivery, bipolar prescription, pickup truck and career website. Combined spend was $11.5 million, or 45% of the total investment during the awards show.

The data sample also showed advertising for movies and films during Q1 2023 exceeded $771 million, a 24% YoY increase from Q1 2022. Depending on the length of the Writer’s Strike, movie production may be impacted, the researchers reported. 

For more information visit: https://mediaradar.com/. 

George Winslow
George Winslow

George Winslow is the senior content producer for TV Tech. He has written about the television, media and technology industries for nearly 30 years for such publications as Broadcasting & Cable, Multichannel News and TV Tech. Over the years, he has edited a number of magazines, including Multichannel News International and World Screen, and moderated panels at such major industry events as NAB and MIP TV. He has published two books and dozens of encyclopedia articles on such subjects as the media, New York City history and economics.