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Television Advertising In Tampa Bay: What Are Consumers Watching?

May 11, 2022 2:15:53 PM / by Larry Julius

Steaming Video Advertising In Tampa Bay 2022Every week, 2.5 million Tampa Bay consumers watch something on TV.

Not too many years ago, when a Tampa Bay consumer sat down to watch TV, the program options were limited to what was on WFLA, WTSP, WTVT, WFTS, WEDU, or maybe, what was on a handful of cable channels.  That was then. This is now.

Today, according to Nielsen, each time a TV is turned on in a Tampa Bay living room, the viewer has more than 817,000 options not only from broadcast stations and cable systems, but also from streaming video platforms like Netflix, Hulu, Disney+, Peacock, YouTube, Amazon, Tubi, Crackle, and FreeVee.

Of course, Tampa Bay consumers don't even need to sit down in front of their big-screen LCD, anymore. Most of the 817,000 available programs can also be viewed on their computers, tablets, gaming devices, and smartphones. But as far as viewers are concerned, though, it's all just television.

Learn How To Advertise On Tampa RadioThe best way to think about TV watching in Tampa Bay is in terms of three buckets:

  1. Over-the-air...including all broadcast channels
  2. Cable...including all premium and non-premium programming
  3. Internet...including all streaming services. This is also known as OTT or CTV

Here's how many Tampa Bay adult viewers fall into each bucket. Remember, viewers are not limited to a single bucket.

Television Advertising In Tampa Bay 2022

Although the internet bucket has the fewest number of viewers, streaming options are now responsible for 30% of all time spent watching TV. This is up 21% from a year ago, according to Nielsen.

Advertising On Tampa Bay  Television 2022

Much of the internet-delivered TV programming requires consumers to pay a monthly subscription fee. This includes services like Netflix, HBO Max, Hulu, and Prime. Nielsen finds that well over 80% of viewers who watch streaming video subscribe to multiple providers and are loyal. Nielsen finds that 69% of streamers have not canceled any service over the past year.

Tampa Bay  Television Advertising: 2022Furthermore, according to Nielsen, 53% who subscribe to streaming media platforms are paying over $20 per month to access this content.

For Tampa Bay television advertisers who need to readjust their budgets to reach consumers who are migrating from local broadcast and cable stations to streaming TV, it is essential to understand the two options that viewers have.

SVOD is the abbreviation for Subscription Video ODemand. That is the collective name for streaming networks like Netflix, Hulu, Disney+, and Amazon Prime. For a monthly fee (subscription), these services provide commercial-free access to TV shows, original content, and movies.

AVOD means Advertiser-supported Video On Demand. AVOD provides viewers with movies, TV shows, and original content for free. Unlike SVOD, there is no subscription fee. The trade-off, however, is that AVOD includes commercial breaks, similar to traditional TV viewing.

A few services even offer Tampa Bay consumers the option to subscribe without commercials or to receive content for free in exchange for watching advertisements.

Unlike linear TV, local advertisers don't have to pick specific AVOD channels or programming to advertise in. Instead, Tampa Bay area business owners can identify the socio-economic qualities of the consumers they would like to reach and target the geographic area where the advertising will be seen. Then the advertisers' commercials would only be shown to those viewers on any advertising-supported streaming channel they might be watching.

More Advertising Advice For Tampa Bay Small Business Owners

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Topics: TV, Television, Cable TV, Television Advertising, Streaming, pay-tv, direcTv, satellite TV, CTV, streaming video, avod, svod, local television, streaming television, streaming media, streaming TV

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