A couple of months ago, the same data from the PWC Global Entertainment & Media Outlook popped-up a couple of times in my Twitter feed. I meant to write about it then but I’ve got around to it now as part of my BEWA plan.
Internet advertising to overtake TV advertising in 2018 http://t.co/Mwa57DNP6r
— PwC Cyprus (@PwC_Cy_Press) June 30, 2014
The most re-tweeted factoid stated that, “By 2018, Internet advertising will be poised to overtake TV as the largest advertising segment” and concluded with the line “We are approaching a major tipping point in the advertising universe“.
I’ve made a career out of Internet advertising for more than 17 years. I delivered my first online ad a couple of years earlier as an online companion to a traditional radio spot. When we first started these kinds of comparisons were helpful, not only to reassure us that we’d made the right career choice, but also to convince our bosses that this really was a growing market and they might help us by employing another person to help us figure out what to do.
As an industry we were pleased when online ad-spend eclipsed various forms of print, billboards and even those radio ads I’d spent years working with. I acknowledge it’s an interesting barometer and makes for some nice graphs for somebody’s next ‘speaking opportunity’.
But, today, comparing the vast opportunities of ‘Internet Advertising’ as a single place of ad-spend while breaking down ‘offline’ spend into it’s component segments doesn’t feel right to me. The IAB (using US-centric data) tells us that, in 2013, 43% of Internet advertising spend was search. Classifieds make-up 6% of the Internet spend. There seems very little point in comparing these numbers to television.
(Much more significant for TV is the kind of spend-shift outlined in a Bloomberg piece about Nike, but that’s for another day).
Surely, it’s connected vs non-connected advertising. The tipping point is coming but it’s not when Internet spend passes TV spend. It’s when spending on connected advertising surpasses non-connected advertising.
I don’t have access to the whole PWC Outlook which may very well put these numbers into a more subtle context that 140 characters can not convey.
My BEWA project resulted in a post about one of the stars of the the Australian television show Neighbours; an entry about writing the perfect technology RFP that allows companies to better work with you; a follow-up post about better user design and this about internet (or connected) advertising figures. Place your bets on if there will be a post next Wednesday,