the big media short

While researching media data we noticed a worrying trend, the media landscape is shifting at an alarming rate!

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Why you are here

1,000

Consumers Aged 18-65

30

Creator Interviews

50

Consumer Interviews

We're heading towards a global media revolution.

It’s hard to express how profound this change will be in just a few words.Perhaps a good reference point is the global housing crisis of 2008, dramatised in the film The Big Short.

Hedge fund manager Dr Michael Burry, founder of Scion Capital, was among the first to predict the housing market's collapse. People thought he was insane, a ludicrous prediction that would never happen, and that it was impossible, but the data said differently.

While the meteoric shift in media will not happen as quickly as the housing crisis, nor will it have such a herculean impact on the global economy, it will be monumental for those within the industry, both brand and agency.It’s funny. Writing this on a page seems futile.

The impending global collapse of media conglomerates and agencies is fast approaching.Jobs will be lost, companies will go bust, and historic brands will fade into history.I hope those reading this take action, not explicitly with HYDP, my company, but with your internal teams, partners, and senior leaders.
 Failure to act could be catastrophic.

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If TV and digital press viewership declines continue (at the same rate), in 10 years, viewership will be below 30 minutes.

-25%

There has been a 25% decline in the number of streaming subscriptions since 2021 with nearly one-third (31%) of households actively reducing the volume of streaming subscriptions. (TVTECH)

-£153 million

In 2023 ITV generated £1.78 billion in advertising revenue, which was a decrease of £153 million from the previous year. In 2024 ITV expects to spend £1.2 Billion in content costs.

-302 million

In 2024 Fox’s Ad revenue grew 0%, unprecedented in a US election year! Their 2024 profit saw a decrease of $302 million!

-£5 million

Daily mail’s owner DMGT, reported a 3% year-on-year decline in online advertising revenue to £166 million for the year ending September 30, 2023.

It’s funny now that you mention it; I tend to watch YouTube videos on TV, especially when it’s just me watching. I’ve always been into cars, so I watch channels that cover new cars and electric vehicles. A lot of them create content in a similar style to the old Top-Gear days; it’s really high quality, and unlike things like Netflix, I’m not scrolling for 30 minutes until I find something to watch."

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Important Stats

-8%

Number of visitors to the top online magazine sites in the UK fell by about 6-8%, continuing the trend that saw an 8% decline between 2021-2022.

A 2022 study by Nielsen, traditional TV consumption in the U.S. dropped by over 30% among 18-34 year-olds in just five years, while YouTube and streaming platforms saw double-digit growth. In the same period,

-67%

According to a report by Pew Research Center, in 2023, about 67% of internet users aged 55 and older reported watching video content on YouTube at least once a week.

According to a report from Ofcom, between 2020 and 2022, the number of UK adults who accessed online news through newspaper websites fell by 11%, reflecting a shift towards social media and other digital platforms for news consumption.

63%

Of respondents over 40 engage with social media content daily, indicating that social media plays an important role in their daily routines.

A significant majority (63.3%) of respondents over 40 engage with social media content daily, indicating that social media plays an important role in their daily routines. (HYDP survey data).

54%

A Morning Consult poll found that 54 percent of Americans ages 13 to 38 would become an influencer if given the chance

In 2023, the media industry saw $89 billion in M&A activity, compared to $20 billion 2016 ($25 billion adjusted for inflation). trends for 2024 Morrison Foerster.

87%

of the 25-34 age groupconsuming social mediavideos daily.

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Creator

vs mainstream

Hot ones
Average monthly viewers - 89 Million

YouTube show Host Sean Evans asks his celebrity guests questions while they attempt to complete rounds of chicken wings.

Chicken shop date
Average monthly viewers - 44.3 Million

Chicken Shop Date is a British YouTube interview show created and hosted by Amelia Dimoldenberg.

Graham Norton show
Average monthly viewers - 13.8 million

The Graham Norton Show is the UK’s most popular late-night talk show. A list of celebrities join to discuss their latest projects and life updates.

Tyler Oliveira
Average monthly viewers - 51.5 Million

YouTube creator specialising in documentary style expose and investigations on key social and political issues.

60 Minutes
Average monthly viewers - 33.4 Million

America’s #1 non-sports program on a Sunday's, #6 Primetime Broadcast in Both Viewers and Adults 18+ and #9 in Adults 25-54.

Vice media
Average monthly viewers - 10.6 Million

Vice Media Group LLC is a Canadian-American digital media and broadcasting company with 1,988 employees.

Good Good Golf
YouTube golf channel posting weekly content predominantly filming and documenting rounds of golf.

Chicken Shop Date is a British YouTube interview show created and hosted by Amelia Dimoldenberg.

LIV golf
Average monthly viewers - 2.4 Million

Professional golf tour owned by PAF, that hosts golfers like John Rham (2022) master champion and Bryson Dechambeau weekly.

PGA tour
Average monthly viewers - 10.8 Million

Premier golf tour with names like Rory Mcilroy and Scottie Scheffler hosting events every week.

The big media short

The big media short

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