Magnite Research Finds 91% of TV Viewers in LATAM Watch Streaming TV Weekly
CTV rivals the reach of broadcast
The results of the study show that there is widespread adoption of CTV streaming platforms across
Demonstrating consumers’ preference for streaming, 85% of viewers said they preferred streaming over broadcast TV, and 80% would keep streaming over broadcast if they had to choose. In all three countries, respondents spent a majority of their time watching streaming TV over linear TV. In
“Although CTV advertising is still in its early stages in
Streaming audiences are more engaged and open to advertising
Viewers streaming content are far more attentive to programming than when watching broadcast shows, leading to higher engagement with advertising. The survey found that 79% of respondents stated they were receptive to advertising on CTV and willing to watch ads in exchange for free or reduced-cost programming. Those surveyed also enjoy discovering new products from ads in streaming shows and will consider brand or product ads in their favorite shows, with 52% taking an action, such as searching for the product online or buying the advertised product, after exposure.
Additional key findings from the study include:
- In all three countries, the amount that people are willing to pay for streaming TV is still greater than the amount they are currently paying, indicating there is room to layer on additional services. In
Argentina, the average consumers pay is US$6per month, while the maximum amount they are willing to pay is US$10. In Brazil, the average amount paid is US$15per month, while the maximum is US$20; and in Mexico, consumers spend an average of US$18per month, but are willing to spend up to US$26. A majority (71%) of consumers stated that they plan to subscribe to another service.
- While LATAM consumers have not yet reached their subscription limits, they still want to maximize access to streaming content within their budget. A majority of respondents (74%) would prefer to watch free or reduced cost ad-supported content and 83% said they wish there were more free streaming video services.
- Among those who prefer to view internationally produced content, 80% report a desire to learn about different cultures, and 62% want to improve their foreign language skills. Across the region, international content is watched more than locally produced content, but 60% of respondents said they want more locally produced content.
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Magnite’s “CTV in LATAM: The Future Forward” study was conducted by Harris Interactive using an online survey. A total sample of 4,000 consumers aged between 18-64 with internet access were surveyed across three major LATAM markets, including