Key Takeaways
- In 2023, U.S. television households numbered 122.4 million, representing 96% of all households.
- Average daily TV viewing time per U.S. person aged 2+ was 2 hours and 32 minutes in Q1 2024.
- Live + same-day TV viewing among U.S. adults 18-49 declined to 17.5 hours per week in 2023.
- Global TV ad revenue reached $184 billion in 2023.
- U.S. pay-TV revenue declined 8% to $93 billion in 2023.
- Netflix generated $33.7 billion in total revenue for 2023.
- Average cost of U.S. TV series episode production rose to $4.5 million in 2023.
- 599 scripted TV series aired in the U.S. in 2022, down from 631 peak.
- Global TV content production spend reached $250 billion in 2023.
- 4K TV penetration in U.S. households reached 55% in 2023.
- 65% of U.S. TVs sold in 2023 were smart TVs.
- Global OTT video streams hit 2.5 trillion in 2023.
- U.S. TV ad spend $61 billion in 2023.
- National TV ad revenue $42 billion in U.S. 2023.
- Super Bowl LVII ad slots sold for average $7 million each.
TV remains widely viewed but its audience is aging as viewing habits rapidly shift to streaming.
Advertising
- U.S. TV ad spend $61 billion in 2023.
- National TV ad revenue $42 billion in U.S. 2023.
- Super Bowl LVII ad slots sold for average $7 million each.
- 30-second primetime TV ad CPM $25 in U.S. 2023.
- Political TV ads spent $10 billion in 2022 U.S. midterms.
- CTV ad impressions 300 billion monthly in U.S. 2023.
- Local TV news ad revenue $18 billion in 2023.
- Pharma ads on U.S. TV $6.5 billion in 2023.
- Streaming TV ad revenue $21 billion in U.S. 2023.
- Olympics 2024 TV ads generated $1.2 billion for NBC.
- Retail TV ad spend $15 billion U.S. 2023 holiday season.
- Addressable TV ad households 50 million in U.S. 2023.
- Auto ads 12% of U.S. TV ad volume in 2023.
- Programmatic TV ad buys 40% of total in 2023.
- Late-night TV ad revenue down 20% to $500 million 2023.
- Hispanic-targeted TV ads $3 billion in U.S. 2023.
- Sports TV ads CPM $50+ during NFL games 2023.
- Candy ad restrictions impacted $100 million TV spend 2023.
- U.S. TV ad market share linear vs CTV 55/45 in 2023.
- Beer ads on TV $1.8 billion in U.S. 2023.
- News TV ad revenue per viewer $10/hour U.S. 2023.
Advertising Interpretation
Production
- Average cost of U.S. TV series episode production rose to $4.5 million in 2023.
- 599 scripted TV series aired in the U.S. in 2022, down from 631 peak.
- Global TV content production spend reached $250 billion in 2023.
- Average primetime drama episode budget $3-5 million in 2023.
- 342 new TV series launched in U.S. in 2023.
- UK TV production volume hit 45,000 hours in 2022.
- Netflix produced 1,086 hours of original content in 2023.
- U.S. reality TV production grew 5% to 400 series in 2023.
- Average late-night show episode cost $1.2 million in 2023.
- 25% of U.S. TV content now produced outside LA in 2023.
- Disney+ originals production budget $15 billion annually in 2023.
- Global animation TV production value $30 billion in 2023.
- U.S. unscripted TV hours produced 18,000 in 2022.
- HBO Max series average budget $10 million per episode in 2023.
- Canadian TV production incentives claimed $1 billion in 2023.
- Peak scripted series supply 600+ in U.S. 2021-22.
- BBC content spend £2.2 billion on TV in 2022-23.
- U.S. TV pilot production costs averaged $5 million each in 2023.
- 70% of U.S. TV dramas shot on digital 4K in 2023.
- Australian TV content production $2.5 billion in 2023.
Production Interpretation
Revenue
- Global TV ad revenue reached $184 billion in 2023.
- U.S. pay-TV revenue declined 8% to $93 billion in 2023.
- Netflix generated $33.7 billion in total revenue for 2023.
- Disney's linear TV networks revenue fell 11% to $10.6 billion in FY2023.
- U.S. broadcast TV station revenue hit $24.5 billion in 2022.
- Warner Bros. Discovery TV revenue was $25.3 billion in 2023.
- Global SVOD revenue grew 13% to $50 billion in 2023.
- Paramount Global revenue from TV media was $20.4 billion in 2023.
- U.S. cable network revenue dropped 7% to $80 billion in 2023.
- BBC TV licence fee revenue was £3.7 billion in 2022-23.
- Hulu subscription revenue reached $11.4 billion in FY2023.
- U.S. local TV digital revenue grew 12% to $2.8 billion in 2023.
- Amazon Prime Video contributed $17 billion to AWS-adjacent revenue in 2023.
- Fox Corporation TV revenue was $10.4 billion for FY2023.
- European public broadcaster TV revenue totaled €25 billion in 2022.
- U.S. TV production spending hit $200 billion in 2023.
- Comcast NBCUniversal cable revenue $32 billion in 2023.
- Global FAST channel revenue projected at $7 billion by 2027.
- Sinclair Broadcast Group revenue $3.1 billion in 2023.
- U.S. retransmission consent fees generated $4.5 billion in 2023.
Revenue Interpretation
Technology
- 4K TV penetration in U.S. households reached 55% in 2023.
- 65% of U.S. TVs sold in 2023 were smart TVs.
- Global OTT video streams hit 2.5 trillion in 2023.
- Average U.S. smart TV app usage 1.5 hours daily in 2023.
- ATSC 3.0 NextGen TV deployed in 50+ U.S. markets by 2024.
- 8K TV sales grew 200% YoY to 1 million units globally in 2023.
- U.S. households with streaming devices 85% in 2023.
- HDR TV adoption 70% of new sales in U.S. 2023.
- Global TV screen size average grew to 55 inches in 2023.
- Roku devices in 81 million U.S. households by 2023.
- 40% of U.S. TV viewing via IP multicast in 2024.
- OLED TV market share 12% globally in 2023.
- U.S. cord-cutting rate 6.9 million households in 2023.
- QLED TV shipments 50 million units worldwide 2023.
- 5G-enabled smart TVs launched by 10 brands in 2023.
- Voice assistant integration in 75% U.S. smart TVs 2023.
- Global TV panel shipments 240 million units in 2023.
- MicroLED prototypes in 50-inch sizes demoed at CES 2024.
- U.S. FAST services reached 120 million monthly users 2023.
- Mini-LED TV market grew 150% to $5 billion in 2023.
Technology Interpretation
Viewership
- In 2023, U.S. television households numbered 122.4 million, representing 96% of all households.
- Average daily TV viewing time per U.S. person aged 2+ was 2 hours and 32 minutes in Q1 2024.
- Live + same-day TV viewing among U.S. adults 18-49 declined to 17.5 hours per week in 2023.
- 65% of U.S. TV viewing in 2023 occurred on connected TV devices.
- Women aged 18-49 in the U.S. watched an average of 2.9 hours of TV daily in 2022.
- During the 2023 NFL season, average viewership per game was 17.9 million viewers.
- U.S. adults 65+ spent 4 hours 12 minutes daily on TV in 2023.
- 42% of Gen Z (18-24) in the UK reported watching linear TV weekly in 2023.
- Peak TV viewing day in the U.S. during 2023 Super Bowl was 115 million viewers.
- Hispanic U.S. viewers watched 3 hours 45 minutes of TV daily in 2022.
- Cable TV penetration in U.S. households fell to 52.6% in 2023.
- Average U.S. household subscribed to 2.3 pay-TV services in Q1 2024.
- 18-34 year-olds in the U.S. averaged 1 hour 45 minutes of TV daily in 2023.
- Broadcast TV accounted for 19% of total U.S. TV usage in May 2024.
- 71 million U.S. viewers tuned into the 2024 Oscars live broadcast.
- Daily TV time for U.S. kids 2-11 dropped to 2 hours 18 minutes in 2023.
- 55% of U.S. TV viewing time in 2023 was by adults 50+.
- Live sports viewing grew 10% YoY to 52 minutes daily per U.S. adult in 2023.
- European linear TV viewership share fell to 68% in 2023.
- U.S. Black/African American viewers averaged 4 hours 5 minutes TV daily in 2022.
- Netflix original content viewing reached 1.8 billion hours in Q4 2023.
- Prime time TV ratings for ABC averaged 3.2 million viewers in 2023-24 season.
- 28% of U.S. adults cut the cord completely by end of 2023.
- Australian free-to-air TV reached 10.2 million viewers daily average in 2023.
- U.S. TV viewing via antenna-only households rose 15% to 19 million in 2023.
- Women over 55 in U.S. watched 5 hours+ TV daily on average in 2023.
- 2023 World Cup final on TV drew 1.5 billion cumulative global viewers.
- U.S. Asian viewers TV time averaged 3 hours 20 minutes daily in 2022.
- Total U.S. TV consumption hit 4 trillion hours in 2023.
Viewership Interpretation
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