When the currently accepted landscape shifts and changes, we tend to
stick to familiar narratives that have informed us in the past. But as
consumers explore a range of new viewing behaviors such as binge
watching and cord-cutting, and discover new programs on a range on
platforms and devices, sometimes the established norms no longer hold.
Comscore recently released a study that examined three of these
established narratives to see if they are still true or whether
advertisers needed to shift their thinking:
➢ Do stereotypes still help advertising?
➢ Is Activism Good For Business?
➢ Is TV Dead?
According to their whitepaper, Comscore “examined demographic,
behavioral and survey data spanning digital, TV and over-the-top (OTT)
platforms to understand if common headlines and narratives in media and
advertising accurately reflect audience sentiment, preferences and
behaviors.”
The findings were as follows:
1. Avoid stereotyping consumers because nowadays, “brands that rely
on broad stereotypes are excluding key customer targets from their
marketing and are potentially costing themselves business,” the report
explained. Stereotypes like rich people buy automobiles and young
consumers are power users of social media are missing a range of other
desirable consumers for those products and services. The ability to
target through segmentations and granular datasets removes the need for
advertisers to assume the profile of their most valuable consumer sets
and enables “new avenues for understanding and engaging consumers.”
2. Applying brand activism is a mixed bag and very nuanced. The
report noted that “recent cause-based marketing campaigns from brands
like Nike and Gillette generated a tremendous amount of both praise and
criticism, yet Comscore data shows that most consumers are generally
ambivalent to brands taking a stance on political and social issues.”
Comscore found that just 15% of consumers said they strongly agree with
the statement, “companies should take a stand on political/social
issues.” Because brand activism is very nuanced, marketers should
carefully and thoroughly consider the associated benefits and risks
before proceeding.
3. TV isn’t dead, according to Comscore, rather it is “maturing.” TV
viewership levels are stabilizing while linear TV continues to offer
advertisers ample reach and large audiences. But the way these audiences
now gather and consume content has changed significantly. “The number
of OTT households is still growing, albeit at a decelerating rate, and
new addressable TV capabilities offer opportunities for marketers to
cohesively reach consumers across platforms,” the report noted.
This article first appeared in Cynopsis.
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