Prime Video Advertising “Off To A Strong Start,” Amazon CEO Andy Jassy Says
deadline.comAmazon CEO Andy Jassy saluted the company’s progress in video advertising in his annual letter to shareholders. Overall ad revenue rose 24% in 2023 compared with 2022, he noted, reaching $47 billion and the growth was “primarily driven by our sponsored ads.” Amazon has added Sponsored TV to the mix, giving advertisers a self-service option that will inject their messages into more than 30 streaming services, including Amazon’s Freevee and Twitch.
Earlier this year, Jassy recalled, Amazon’s Prime Video started including ads on scripted shows and films. He pegged overall reach at 200 million monthly viewers across movies and shows, Amazon MGM originals and live sports including NFL Thursday Night Football. “Streaming TV advertising is growing quickly and off to a strong start,” he wrote.
Unlike Disney and Netflix, which have upped subscription rates for those preferring not to see ads, Prime Video introduced ads as a standard feature across its service.
Any Prime member looking to avoid video ads has to pay an extra three dollars a month. As delicate as that message is to sell through with customers, it is a lucrative initiative.
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