Nielsen has shut down its 12-year-old place-based video networks measurement service.
The move comes as many place-based media venues have been challenged by shutdowns or sparse attendance due to the COVID-19 pandemic.
“Nielsen regularly reviews our product portfolio to ensure we have the right mix of capabilities and services to …
Joe, as the percentages all add to 100% I assume that they are audience comp percentages not reach projections.
Bummer. This category needs all the help it can get. The DPAA is a terrific industry association, but we're still in early stages.
Has the industry established its own "Neilsens" as yet?
Steve, Nielsen is a business and has to decide such matters from a business viewpoint. If the various place based ad-sellers won't---or can't---- pay enough to support such a service---which may be the case, especially due to the negative impact of COVID-19, why should Nielsen operate it at a loss? Also, the ad support for many place based venues comes largely from local or regional marketers who may not require the kind of audience documentation that national buyers would demand. Yes, it's a bummer as you say, and there may be more bummers to come---for example I can envision a time when small market TV and radio stations run into similar problems. I hope that I am wrong on this---but some rethinking about new ways to obtain audience data may be in order.
Quick Clarificaton: The chart is showing audience composition. 56% of those who visit a cinema during an average week are aged 18-34. So if 12 million people see a movie during an average week, that equates to 6.7 million viewers aged 18-34.
The article states cinemas reach 56% of 18-34 year olds during an average week, since there are roughly 73 million 18-34 year olds in the U.S. that would equal 40.8 million viewers. The title on the report chart is confusing.
Seems to me that due to the coronavirus closures there is little demand for place-based out-of-home measurement.
Ted, this was always a problematic business venture for Nielsen and I doubt that it was a profitable one. The place-based category is made up of many diverse and mainly local venues which supply traffic counts and often self-serving studies on demos to advertisers but not much else. Attempting to standardize such information was a good idea but the real need was for evidence that people were actually exposed to ads and got the advertisers' message.You are right about COVID-19 reducing the interest in place-based advertising, hence the need for Nielsen's service at this point in time, but it goes deeper than that.This Mulligan's Stew aggregation of ad sellers was never united on what information was important or worth paying for from an independent source so now they will just go along their separate ways---as before.
Ed, you are 100% correct. To your point, market forces will spark the creation of industry-wide measurement systems as conditions merit.