The Walt Disney Co.’s shift to streaming was reflected in its upfront, with 40% of the upfront dollars committed to its properties going to streaming or digital.
Speaking at the Credit Suisse Communications Conference Monday, Disney CEO Bob Chapek noted that this is the first year Disney consolidated its ad sales across all platforms.
"The results were really encouraging across our portfolio," Chapek said. "We had price increases versus '19 that were all significant and total upfront revenue was up double digits."
Hulu, the biggest player in the ad-supported streaming TV market, was a big contributor.
In what has proved to be a strong upfront, Disney’s volume was up by double digits for its broadcast networks, its cable networks and for sports.
Prices on a cost-per-thousand viewers basis (CPM) were also up by double digits, although specifics were not available. The CW, a smaller player, rang up increases of 19% to 21%, according to sources.
All broadcast day parts, cable and major sports saw strong demand.
In this upfront Disney pushed buyers to make commitments to diversity, equity and inclusion and sources indicated that the major agencies--most of which has also made diversity a priority--complied.
Strong categories for Disney included consumer packaged goods, media and entertainment, pharmaceuticals, retail, technology and telecommunications and travel and leisure.
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.