The pandemic led to a loss of $63 billion, with only 59% of the figure estimated to return in 2021. Linear TV spending is expected to drop by 16%. The forecast predicts an improvement of 6.7% in 2021.
Most US audiences prefer co-viewing on OTT devices compared with desktop, mobile, laptop, and linear TV. TV received the highest viewership with a 20% increase from earlier this year and 61 million viewers.
42% of US consumers are spending more time watching CTV content. The figure is expected to spike by 4.7% in 2023. Unruly concluded that CTV performs better overall than linear TV.
Linear TV accounted for 63% of television viewing in the United States in 2019, compared to 16% for long-form viewing and 12% for PVR time-shifted television, according to Omdia.