Following the trend lines of each network’s median costs in the chart above, broadcast pricing began steadily declining from 2014 to 2019 as linear viewership and pricing began declining from peaks earlier in the decade and the prologue of the streaming boom was being written. Excluding The CW, each of the broadcast networks’ median unit prices dropped below six figures in 2019.
The COVID-19 pandemic saw a turn in pricing but at least one media buyer notes that the resurgence was an anomaly rather than a reversal of a trend. While 2020 saw pricing remain flat to up, 2021 marked an unusually strong upfront, as many marketing categories returned to spending in TV after the year of uncertainty.
The growth in pricing, shown by a lift in the median price across most networks—some of which returned to 2014 levels—plummeted in 2023 as networks began truly shifting ad dollars to streaming in force. Of note, Ad Age’s 2023 TV Pricing Chart did not track most long-running scripted programs nor a number of unscripted series, due to uncertainty related to the Hollywood strikes. However, given the 2023 median prices’ consistency with 2024 numbers, the drop last year suggests pricing returned to pre-pandemic trend lines after the brief surge in 2021 and 2022.
“In the last few years, streaming has become much more of a priority for our media partners,” said the media buyer, noting that TV pricing went up during the pandemic despite linear ratings in many cases continuing to erode. And, according to the buyer, it is no coincidence that the recent plummet of primetime pricing has coincided with the launch of ad-supported tiers for the major streamers.
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“Over the last few years, we’ve seen rollbacks specifically in prime time for the biggest numbers, and we’ve traded digital dollars to do that. And it works for both of us, because we want our dollars to follow the eyeballs.”
Contrary to most primetime pricing trends over the past decade, the pricing for sports has risen significantly. And sports is unique in being the only category to consistently show pricing growth year-over-year (minus franchises that have changed media companies and experienced ups and downs per seller) in most cases since 2014. Live sports have become high-demand ad inventory in the streaming age, in which gathering large audiences at one time is a rarity compared to past TV eras in which networks saw high prices and live viewership for weekly premieres of top scripted series.
The average unit cost for NBC’s “Sunday Night Football” has grown 61% since 2014. And the cost to advertise in “Thursday Night Football” is 16% higher in 2024 on Amazon Prime Video than in 2014 when it aired on CBS.
“Thursday Night Football” also represents the highest-priced inventory of the past 10 years for both Fox and CBS, when each network held the rights to the franchise. CBS’s “TNF” broadcasts in 2017 averaged $549,751, while Fox’s in 2021 averaged $635,439 for a 30-second unit, the highest rate for the franchise over the past decade. Prime Video has had “Thursday Night Football” since 2022.
ABC’s 2024 coverage of “Monday Night Football” is that network’s highest-priced inventory over the past decade at $637,718.