With major streaming services raising their prices and clamping down on subscriptions, more customers, especially millennials, are turning to FAST channels.
Individualised content and tailored viewing experiences have been a key trend in the media industry, whether through mobile, CTV hardware or web. Free ad-supported streaming television (FAST) channels have gained significant traction over the past year due to their flexibility and ability to provide a wide array of content cost-effectively. Remarkably versatile, FAST channels offer something for every viewer, curating and consolidating diverse content into a linear-style channel that relies on advertising revenue. These niche channels, alongside traditional mainstream programming, encourage like-minded communities and collaborative interactions among viewers who share similar interests. Demand for diverse programming also allows content creators to engage in cross-promotion, broadening audience reach and boosting engagement.
With major streaming services raising their prices and clamping down on subscriptions, more customers, especially millennials, are turning to FAST channels to enjoy their content, as this removes the financial commitment and constraints for the consumer, a trend set to continue into next year.
This year, the dominance of connected TVs (CTVs) and CTV hardware like Roku and Apple TV is persisting. These devices are playing a crucial role in reshaping the advertising landscape by facilitating the growth of FAST channels and enabling precise audience targeting. Advertisers are now hand-picking desired audiences and getting real-time, comprehensive reporting and metrics, offering them the ability to measure the campaign’s impact with unparalleled accuracy. Thanks to the benefits of gathering instant data on ad spend and outcomes, we will see more advertisers adopting CTV hardware moving forward, to leverage agility and data-driven insights in a constantly evolving industry.
