While the 2021 Oscars awards saw audience declines on traditional linear TV, the news about the annual award show wasn’t all bad. TV streaming audience for the annual celebration of film grew year over year, and award winners and nominees prompted big changes in how Roku users searched for content and talent. In this way, the 2021 Oscars continued a trend that continued from the 2021 Super Bowl, Golden Globes and Grammys: people are shifting their viewing preferences of big, televised events – what the industry sometimes refers to as “tentpoles” – to TV streaming.
Here’s a summary of what we observed about TV streaming audiences for this year’s Oscars. All this data is sourced from the Roku platform and OneView, the ad buying platform built for TV streaming.
From 2020 to 2021 on the Roku platform, reach of streaming channels carrying the Oscars during time of the broadcast increased by 18%.
Watching content and searching for titles and performers on the TV represents a new consumer behavior that’s unique to TV streaming and is ripe for marketers who want to reach their audiences.
The Oscars illustrated this dynamic. User searches provide insights on how marketers can create new engagement opportunities, for example by curating popular titles via Roku’s Brand Experiences. This makes it possible to extend your tentpole activation or begin a new campaign after the show.
Here are the highlights of Roku search before, during and after this year’s Oscars:
Searches on the Roku platform for Oscar-nominated titles, including Best Picture nominees and winners in other categories, e.g. best short film, increased an average of 264% as measured starting on the Sunday of the awards through Tuesday the week of the awards, compared to the same time period the week prior to the awards.
Searches on the Roku platform for the 2021 “Best Picture” winner Nomadland increased by 409% week-over-week (WoW) to take the #2 search spot on Roku.
Streamer searches on the Roku platform for titles nominated for Oscar awards outside of “Best Picture,” including Another Round, Colette, If Anything Happens I Love You, My Octopus Teacher, and Two Distant Strangers averaged a 390% increase.
Best Actor winners Frances McDormand and Anthony Hopkins saw search increases on the Roku platform of 284% and 129%, respectively.
The Roku platform search that experienced the biggest move in search ranking? Best Director winner Chloe Zhao, who moved up 1,905 spots in Roku’s persons search ranking.
As observed in OneView, total programmatic ad opportunities across all devices increased by 26% compared to this year’s Grammys and 32% compared to the 2021 Golden Globes
On OneView, the Oscars observed an 8% increase in total programmatic ad opportunities compared to the average of the last three Sundays in April
The average CPM across the top 5 TV devices showed a 7% increase relative to the 2021 Golden Globes
Once again, users turned to Roku to watch one of their favorite watercooler TV events. If you’d like to reach this growing audience before, during, and after their favorite programs, contact us to get started.