With more people at home to prevent the spread of the coronavirus, over-the-top viewing is up, resulting in a 16% increase in video ad inventory, according to SpotX.
The increase fits in with predictions made by Nielsen, which noted that when disasters drive consumers indoors, viewing can jump as much as 60%.
Not all of the additional advertising inventory is being converted into revenue at this point.
SpotX notes that there are certain categories, such as the travel and hospitality industries that have heavily reduced or totally halted ad spending.
On the other hand, there are some areas where linear spending is being reallocated to OTT, particularly in cases where sponsors had planned to advertise in live sports events. Nearly all sports events have been cancelled as players have tested positive for the virus and crowds have been discouraged in order to slow the spread of the disease.
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