Latin America will have the worst regional performance for ad spending overall this year, declining 10.0% collectively, although oddly, it will also have the best performance for digital ad spending growth at 5.0%, according to eMarketer.
The figure will then rise again to 5.8% and reach USD 606 billion by next year. Global advertising will account for 51% of global ad spending this year.
From 2015 to 2020, digital ad spending in Latin America more than doubled from $4.18 billion to $9.33 billion. That means, for the first time, digital will account for nearly 40% of the regional ad market, according to eMarketer.
The change contradicts pre-covid predictions indicated single-digit growth for both seasons at 2.3% and 1.8%. Current projections show USD 7 billion less for the next season in comparison with April 2019 forecasts.
Viewers in the United Kingdom and Ireland are spending an average of £25 (USD$31,21) per month on TV services, with those between the age of 41-50 paying the most, according to a study conducted by Netgem TV.