India – Majority, or 86% of surveyed viewers in India, believe ads on streaming TV platforms boost a brand’s credibility, while 88% say they trust the brands advertised on these platforms, a report by Magnite revealed. 

The report reveals that streaming TV’s premium environment enhances brand credibility and trust, fostering consumer loyalty. This combination of trust and credibility significantly increases the likelihood of consumers making future purchases.

Magnite’s report also highlights that ads on streaming TV are notably more memorable for viewers. Compared to video-sharing platforms (VSPs), streaming TV achieves higher ad recall, with an 11% increase in unaided recall when an ad is shown multiple times.

This ad recall significantly impacts purchasing decisions, with 32% of streaming TV viewers in India stating they often buy a product after seeing it advertised.

Moreover, the report reveals that the premium nature of streaming TV drives positive brand outcomes. While 100% of streaming TV content is premium, nearly all (92%) of VSP viewers spend most of their time on non-premium content. Premium content fosters focused, intentional viewing, resulting in a highly engaged audience—86% of whom pay attention to ads in this environment.

“The combination of increased internet access coupled with smart TV adoption is powering the rapid growth of India’s streaming TV audience,” said Gavin Buxton, managing director for Asia at Magnite. 

“Our latest research highlights that advertising in streaming’s premium environment yields significantly better results than other digital formats. As streaming TV viewers in India increasingly opt for ad-supported content, advertisers who focus on integrating streaming into their media strategies have a unique chance to reach highly attentive audiences in a premium environment,” Buxton added. 

Prabhvir Sahmey, senior director of ad sales for India at Samsung Ads, also shared, “As the Indian market continues to embrace ad-supported streaming, Magnite’s research findings demonstrate that advertising on streaming platforms drives powerful results compared to other digital channels.”

“Amid the shift in consumer viewing habits, advertisers have valuable opportunities to plan their campaigns around premium streaming TV inventory. Streaming platforms that can consistently deliver an exceptional user experience, along with compelling content that meets the standards viewers have come to expect, will be able to retain subscribers and stand out in a crowded landscape,” Sahmey further explained. 

Singapore – Global unified adtech platform Nexxen has announced that it is expanding the offering of its free ad-supported streaming TV (FAST) solutions for advertisers in Asia-Pacific. This will allow clients to run campaigns across this increasingly popular channel, in and beyond the region.

The company is working to ensure advertisers’ campaigns reach their target audiences, no matter the environment through a single destination for CTV inventory – including broadcaster video on demand (BVOD), advertising-based video on demand (AVOD) and FAST channels.

Further, Nexxen is updating its demand-side platform (DSP) to include a new storefront, focused on displaying broadcasters, FAST channels and additional premium publisher inventory. 

The storefront aims to provide brands and agencies with more direct and easier access to premium supply, thus streamlining digital campaigns. It also delivers increased visibility, transparency and control of inventory to publishers and broadcasters, enhancing their monetisation potential. The storefront is set to launch in 2024. 

Adam Hunt, vice president of business development and partnerships for APAC at Nexxen, said, “FAST channels have skyrocketed in popularity worldwide. As they continue to gain traction – particularly in APAC – we want to ensure our partners on both the buy- and sell-sides are empowered to make well-informed decisions regarding their inventory needs and capitalise on the highest yielding opportunities.”

He added, “We believe the storefront will be a welcome solution for agencies, brands and publishers alike, providing all parties with greater visibility and control as they navigate this ever-changing ecosystem.”