Amazon announced yesterday that its Prime Video service is introducing location-based interactive video advertisements in the U.S., allowing local businesses to reach target audiences in specific areas. The ad unit, Interactive Video Ads (IVA), will help advertisers customize national TV commercials with location-specific content such as local pricing and nearest business details based on state data and ZIP codes. The new format, expected to intensify the growing competition between streaming services and broadcasters, is part of a larger effort to bring more small businesses and local buyers to CTV. It also arrives as major streamers, including Prime Video, are pursuing new models such as pause ads. Continue reading Location-Based Interactive Video Ads Coming to Prime Video

Streaming video service Hulu, co-owned by The Walt Disney Company and Comcast and controlled by Disney, began lowering its CPM advertising rates (the amount charged to reach 1,000 viewers) to lure marketers to commit dollars to its site, according to several sources. Hopeful to boost ad sales, the company is implementing this strategy as major broadcast television networks are expected to secure increased ad commitments for the fall prime time schedules. Although viewers are migrating to streaming video services, marketers have been returning to broadcast TV, which is a known and trusted outlet. Continue reading Hulu Strategizes Ad Sales as Marketers Migrate Back to TV

Hulu, which recently revealed that it has 28 million customer accounts, has provided additional details on its subscribers. The streaming video service offers an ad-free $11.99 per month tier, but the majority of its users pay $5.99 per month for the ad-supported plan. Hulu claims 82 million total viewers (2.9 viewers per account), of which 70 percent pay for the ad-supported plan. The company generated nearly $1.5 billion in ad revenue last year. Since advertising is vital to keeping its subscribers, Hulu strives to present ads via viewer-friendly models. Continue reading Majority of Hulu Subscribers Opt For the Ad-Supported Plan