Netflix Scraps Live Upfront Event, Will Go Virtual
Netflix is backing away from the live-in-New-York showcase it planned to hold for advertisers during the industry’s annual week of “upfront” presentations for advertisers, a move that threatens to put a damper on the company’s first big public attempt to woo advertisers to its service.
The streaming giant is scrapping the event it planned to hold at its own Paris Theater in New York, slated for May 17, and informed advertisers of the switch Wednesday evening. The decision was previously reported by Adweek.
Netflix’ decision takes place amid a massive writers strike that is likely to keep many of the actors, comedians and showrunners away from the glitzy affairs held by most of the networks each year as part of the upfront, the annual attempt by U.S. media companies to sell the bulk of their commercial inventory attached to their next cycle of programming.
More to come….
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