Multicultural and Diverse-Owned Media are a Cornerstone of 2025 Advertising Strategies

According to The Myers Report survey advertising spending forecasts for 2025 project growth across various media categories Notably multicultural media and diverseownedoperated media show strong budget stability and growth compared to other categories despite challenges in the economic landscape The survey data collected among 3400 respondents in July 2024 indicates increasing investments in diverse and multicultural media driven by advertisersamp8217 commitment to reaching diverse audiences and acknowledging the purchasing power of multicultural groups particularly the Hispanic demographicKey Findings from The Myers Report Survey DataThe data from The Myers Report reveals the following insights into projected ad investmentsMulticultural Media While 12 of respondents reported a significant increase in budget allocation for multicultural media an additional 44 indicated a moderate increase This makes multicultural media one of the categories with a stable or increasing budget trend suggesting an optimistic outlook for 2025Diverse OwnedOperated Media For diverseownedoperated media 16 of respondents forecast a significant budget increase with another 43 indicating a moderate increase This trend demonstrates advertisersamp8217 growing awareness of the value of supporting media channels owned and operated by diverse entrepreneurs reflecting a broader shift toward inclusivity and representation in media spendingThese findings position multicultural and diverseowned media as growth areas for advertisers seeking to build brand equity and foster loyalty among multicultural consumersIndustry Projections and InsightsIndustry leaders at major Hispanic media organizations such as TelevisaUnivision and Telemundo have underscored the importance of investing in multicultural media particularly Hispanicfocused channels This aligns with broader industry trends and projections that multicultural and Hispanic media spending will experience growth due to the rising influence of the Hispanic consumer base which accounts for a significant portion of total US purchasing powerDonna Speciale President of US Advertising Sales and Marketing at TelevisaUnivision highlighted the opportunity amp8220Advertisers are increasingly recognizing that the Hispanic audience is not a niche market but a significant and integral part of the American mainstream As such investment in Hispanic media is not only a strategic decision but a necessary one to drive business growthamp8221This perspective reflects a commitment by TelevisaUnivision to expand partnerships with brands that aim to resonate with the Hispanic community providing advertisers with access to a highly engaged audience across television digital and streaming platformsBeau Ferrari Chairman of NBCUniversal Telemundo Enterprises has also emphasized the role of Hispanic media as a growth driver stating amp8220As the fastestgrowing demographic Hispanics in the US offer brands an unparalleled growth opportunity Investment in Hispanic media channels not only supports representation but is also proven to drive ROI for advertisersamp8221Ferrariamp8217s comments reflect a shared belief in the value of connecting with Hispanic audiences through dedicated media channels further validating the growth projections seen in The Myers Report surveyBroader Trends in Multicultural Media InvestmentA report by Magna Global predicts a 68 annual increase in multicultural ad spending through 2025 with Hispanic media comprising the largest segment of this growth This aligns with insights from The Myers Report showing that brands recognize the importance of targeted multicultural marketing strategies Hispanic consumers in particular represent a young and digitally engaged demographic which makes Hispanic media channels an appealing choice for advertisersThe Hispanic audience is known for high digital engagement making Hispanictargeted media a strategic choice for brands seeking to optimize their digital advertising budgets As The Myers Report survey shows social media and digital video are also experiencing growth with 44 and 47 of respondents respectively indicating budget increases Hispanic media organizations have leveraged this trend expanding their digital and social media presence to cater to younger audiences who consume content primarily onlineFor example TelevisaUnivisionamp8217s streaming platform ViX has gained traction among US Hispanic audiences offering a robust catalog of Spanishlanguage content This platform expansion allows brands to reach the Hispanic demographic on a digitalfirst basis aligning with the forecasted growth in digital video spendingThe positive spending forecast for multicultural and diverseownedoperated media reflects a broader industry trend toward inclusivity and targeted marketing Brands that invest in multicultural media particularly Hispanicfocused platforms are wellpositioned to build brand loyalty within these influential demographic groups The insights from The Myers Report along with statements from industry leaders demonstrate that Hispanic and multicultural media channels will continue to be essential components of advertising strategies in 2025 and beyondAs companies plan their budgets investing in multicultural media not only supports brand values of diversity and inclusion but also drives tangible business results by connecting with engaged culturally resonant audiences

REQUEST A FREE AD SALES MARKETING EFFECTIVENESS AUDIT

Multicultural and Diverse-Owned Media are a Cornerstone of 2025 Advertising Strategies

Publish date

Channel

"About That with Carl Mayer": Involved Media Connected Audience Fall 2024 Report (Episode 5) - By Carl Mayer

More Videos:

REQUEST A FREE AD SALES MARKETING EFFECTIVENESS AUDIT

Multicultural and Diverse-Owned Media are a Cornerstone of 2025 Advertising Strategies

Enjoying This Commentary? There's More to Love

Stay in the know with more from MediaVillage

TAGS:

"About That with Carl Mayer": Involved Media Connected Audience Fall 2024 Report (Episode 5) - By Carl Mayer

Cookies