NEW YORK, May 17 (Reuters) - Television "upfront"
advertiser presentations this week in New York City were hardly
about TV at all.
The annual week-long affair where media executives have
traditionally pre-sold TV advertising featured many familiar
trappings: pop stars Alicia Keys and Billie Eilish dazzled
packed auditoriums with live performances; celebrities Kevin
Hart, Reese Witherspoon and Ryan Reynolds hawked their latest
projects, and Super Bowl star Tom Brady joined other pro
athletes on stage.
But it was ad tech and artificial intelligence that was
getting all the attention.
Warner Bros Discovery ( WBD ) talked up shoppable ads on its
Max streaming service. Google's YouTube introduced a
new AI-powered format to place non-skippable ads on videos
streamed to internet-connected TVs. Netflix ( NFLX ) advertising
chief Amy Reinhard said the streamer would develop its own
in-house ad technology that would give advertisers new ways to
buy and gain new insights.
Ad tech even featured in punchlines.
"You're probably wondering why I am so giddy today," joked
late-night host Jimmy Kimmel at Walt Disney's ( DIS )
presentation. "It's because Disney ( DIS ) is using proprietary
meta-tagging data that leverages video intelligence to tap into
the moods and emotions within the content we create. That's why
I'm so proud of what we've done here."
Streaming players also sought to win over advertisers from
traditional media rivals by emphasizing their increasing reach.
Netflix's ( NFLX ) Reinhard said the company's ad-supported plan now
has 40 million global monthly users, up from 5 million a year
ago. In countries where Netflix ( NFLX ) offers a version of its service
with advertising, it accounts for 40% of all sign-ups, she
said.
Chief Content Officer Bela Bajaria touted the chart-topping
popularity of shows like its period drama "Bridgerton" and the
streaming service's expanded investment in big, live events,
including a splashy deal to stream two NFL professional football
games on Christmas Day.
At Amazon.com ( AMZN ), the online superstore and cloud
computing giant's biggest news was its appearance at the event.
To make a memorable first impression with ad buyers at its first
upfront since introducing ads on Prime Video earlier this year,
the company treated some 2,500 guests to a bounty of breakfast
foods that reminded some of the big-shrimp buffets of
television's heyday.
Displays arrayed around Pier 36 in Manhattan showcased the
breadth of Prime Video's streaming content, including one that
rained dollar bills from the ceiling to promote a forthcoming
reality competition from YouTube personality Mr. Beast that
offers a $5 million prize.
Mike Hopkins, senior vice president of Prime Video and
Amazon MGM Studios, called Amazon ( AMZN ) a "one-stop destination" for
entertainment and said it delivers ads to more than 200 million
global customers, 115 million of whom live in the U.S.
Disney ( DIS ) CEO Bob Iger returned to the upfront stage for the
first time since 1994, back when "television used to be
something you watched on television."
While much has changed over the last three decades, he said,
"what hasn't changed is the fact that success in this industry
is predicated on one thing: telling great stories."
A day later Iger, speaking at MoffettNathanson's 2024 Media,
Internet and Communications Conference in New York, told
investors he had cut investment in programming for traditional
television dramatically as part of Disney's ( DIS ) strategy to maximize
audiences and profit in streaming.