Audiences for awards show may be perpetually in decline, but execs at ABC are still betting big on ad spots. The network is asking for $2 million per 30-second spot for the April 25 broadcast of the 93rd annual Academy Awards, according to Variety.
Insiders say they’re not getting much resistance. Last year, the show generated nearly $129.2 million in advertising, according to Kantar, a tracker of ad spending. In 2019, it was $114.2 million. Most ads ran for $1.8M-$2M.
“They are trying their best to provide the most robust opportunity for their sponsors, given what they are dealing with,” says Jenna Fidellow, senior vice president of branded partnerships for Havas Media, in an interview. “This is launching in a time when March Madness will be over. It feels like a new window during these unprecedented times to give the show an opportunity, to maybe show up a little differently.”