Mogul of Pineapples
- Centurion Member
- Posts: 1271
- Joined: Sun Jun 01, 2008 11:32 pm
- Location: Smogland
The LA Times ran an interesting piece about the prices to run commercials during the Oscars. Last year it was costing $1.8M for a 30 sec commercial and now these past couple weeks they have been unloading adds for hundreds of thousands less.
GM backed out as the big car advertiser this year. American Express only purchased one spot this year and usually they have several.
I'm actually kind of relieved to see our country coming back down to earth in terms of prices for everything. No one watches the Oscars, what makes them think they can charge almost $2M for a single ad? I don't see how expensive TV ads are worthwhile for most companies. It's more of a vanity purchase to be seen if anything else.
It was reported we may be in the first deflationary period in 50 years. I understand why economists say this is bad but if that means I'm paying less for my groceries and gas I don't see how bad that can be, ha.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.
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