Amazon is winning the race for TV ad dollars, leaving Netflix and other streamers in the dust [Business Insider]
Warner Bros. Discovery, Inc. - Series A (WBD)
Company Research
Source: Business Insider
Amazon's Prime Video ads have lowered industry prices, affecting Netflix. Amazon is pulling ahead of Netflix in the battle for TV advertising. Both companies made a splash at this year's upfront presentations , where streamers make their pitches for the nearly $70 billion in annual TV ad spending and advertisers seek to lock down the bulk of their annual TV ad commitments. But among newer streamers, it's Amazon that's winning advertisers' wallets, several ad buyers told Business Insider. Amazon has a bigger ad-supported audience, a larger sports footprint, and lower prices than Netflix. Amazon also has a broad portfolio including Twitch and Wondery that advertisers can use to extend their ad buys, and the ability to tie ads to sales results. Amazon already made a big impact on the TV ad market in January when it turned on ads for all Prime Video viewers by default , giving advertisers 115 million additional US viewers to target. Netflix says it has 40 million global monthly u
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