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Brands spending the most on digital advertising
With brands pouring before into advertising, it鈥檚 easy to understand why we鈥檙e inundated with ads on every platform, from the time we're reaching for our phones in the morning to when we鈥檙e dozing off to shows on streaming platforms at night.
While it鈥檚 no surprise that heavy hitters like Amazon and Walmart have colossal advertising budgets, an emerging industry has propelled advertising money spending to new heights: streaming services. The so-called 鈥渟treaming wars鈥 have escalated over the past year with the launch of new services like Discovery Plus and Paramount Plus, creating even more competition for subscribers.
Although tracking the amount brands spend on digital advertising isn't an exact science鈥攄ue to companies鈥 opacity on where their money goes鈥攊t's still possible to identify which direction ad dollars are going based on estimates. explored how major brands invested in digital ad spending in 2021. This story dives into notable digital ad campaigns and competitive strategies for the 10 brands that had the highest estimated digital ad spend from Jan. 1 to Dec 27, 2021, as reported by Pathmatics based on advertising spend estimates from their
#10. Wix
- Estimated digital advertising spend (2021): $180.09 million
Wix spends heavily on ads to keep its edge over competitors like Squarespace and GoDaddy. But after annoyed viewers on sites like YouTube complained about the frequency of Wix ads, the company changed its strategy. In a , Wix played off that criticism with ads that humorously listed 鈥淭hings You鈥檇 Rather Do Than Watch Another Wix Ad,鈥 including falling asleep in a tanning bed and getting a pedicure from a parrot. While this campaign was largely successful in positively shifting viewer attitudes, Wix鈥檚 advertising has missed the mark with other campaigns.
In 2021, Wix released a series of negative ads targeting competitor WordPress, in which WordPress was personified as a glitching man at the root of a web developer鈥檚 mental health issues. This campaign was met with criticism from both WordPress users and the marketing community in general, prompting Wix鈥檚 CEO to write an to the head of WordPress that was part-apology and part-doubling down on Wix鈥檚 position.
#9. Discovery Plus
- Estimated digital advertising spend (2021): $183.83 million
When Discovery Plus launched in 2020, it joined the already-crowded space of established streaming services competing for audiences. Much of the platform鈥檚 ad spend focused on differentiating itself from its competitors by emphasizing a focus on . Discovery Plus鈥 largest campaign was dedicated to advertising its many subsidiaries, including HGTV, Food Network, TLC, and Animal Planet.
As of May 2021, the streaming service was the on TV, according to NextTV.com, with 44.1 billion TV ad impressions across the Discovery Channel and other networks. In May, Discovery completed a $43 billion , and announced it would be investing a significant sum into original programming for Discovery Plus subscribers. Discovery Plus also teamed up with Verizon to offer customers a free year of the streaming service, a partnership strategy also utilized by Disney Plus.
#8. Home Depot
- Estimated digital advertising spend (2021): $207.23 million
Right before the pandemic shut down many aspects of daily life in March 2020, Home Depot introduced a that showcased its new mobile app features. Among these was a feature using image recognition to identify repair parts, and an in-store product locator. The campaign was successful, driving up customer engagement with the app and sparking a surge in sales.
The following holiday season, the home improvement giant took that campaign a step further, partnering with Verizon Media to create an immersive experience where viewers could simulate placing holiday decor in their homes using the camera feature. Home Depot also capitalized on the surge of interest around brought on by the pandemic, pushing its new slogan, 鈥淗ow Doers Get More Done.鈥
#7. Samsung Galaxy
- Estimated digital advertising spend (2021): $256.89 million
In early 2022, Samsung created a new campaign for their 鈥淕alaxy for the Planet鈥 initiative with the popular . The boy band alluded to Bob Dylan鈥檚 鈥淪ubterranean Homesick Blues鈥 music video by holding up cue cards bearing the sustainability campaign鈥檚 messages. The ad coincided with the launch of Samsung鈥檚 new line of Galaxy phones and tablets that are made using ocean-bound plastics. Samsung is no stranger to using internationally beloved pop stars to market their products; in 2021, the company featured in an ad campaign for its Galaxy Buds2 earbuds. Samsung has also been notably successful in using on Facebook and Instagram to market its products.
#6. Amazon
- Estimated digital advertising spend (2021): $271.58 million
Amazon has a massive , bringing in $31.2 billion in ad sales in 2021. But the company is also estimated to be the biggest advertiser in history, with its ad spend totaling roughly . Amazon has brought in star power to market its products, like its Superbowl ad for Alexa. The ad starred Scarlett Johansson and Colin Jost, envisioning a world in which Alexa could read their minds.
It鈥檚 speculated that much of Amazon鈥檚 ad spending goes toward sponsored searches, television ads, and third-party customer referrals. Amazon is well-known for its enormous spending on 鈥攅nsuring their products come up first whenever someone searches online for products or brands.
#5. Paramount Plus
- Estimated digital advertising spend (2021): $296.56 million
One of the newer streaming services to join the fray, ViacomCBS鈥檚 Paramount Plus launched in 2021 as a rebrand of CBS All Access. Beginning with Superbowl LV, the company leveraged its many brands鈥攊ncluding CBS, MTV, Nickelodeon, and Comedy Central鈥攖o jointly advertise the new streaming service鈥檚 many offerings in a coordinated, 13-week long campaign.
The pinnacle of the launch was the 鈥渕ountain of entertainment鈥 ad, which featured 40 characters from across CBS鈥檚 brands coming together at the peak of Paramount Mountain. Reportedly, this ad took over 12 shoots in three countries to put together. Leading up to the launch, Paramount Plus like HBO Max, Peacock, and Discovery Plus.
#4. Target
- Estimated digital advertising spend (2021): $315.66 million
Target rolled out a new slogan in its 2021 鈥淲hat We Value Shouldn鈥檛 Cost More鈥 campaign. This was a rebrand from the long-standing slogan of 鈥淓xpect More. Pay Less.鈥 The new ads emphasized a diverse customer base with inspirational and inclusive messaging. The company鈥檚 holiday campaign showed racially and religiously diverse families celebrating the holidays in different ways. To create the campaign, Target teamed up with Little Minx and Merman, in order to highlight a 鈥渃ommitment to diversity and inclusivity.鈥
#3. Walmart
- Estimated digital advertising spend (2021): $331.35 million
Launched in 2020 as an answer to Amazon Prime, Walmart+ is a service that offers free same-day delivery, free grocery delivery, gas discounts, and other perks. Though the company has avoided directly comparing itself to Amazon Prime, Walmart+ offers many of the same features. The launch was announced with a one-minute, that featured 22 real families. Compiled using over 100 hours of unscripted footage of the families, the ad touted 鈥渁 different kind of membership,鈥 emphasizing the convenience of Walmart+ and how it would enable families to spend more time together. In early 2022, Walmart incentivized buying a Walmart+ membership by announcing a that would give new members access to six free months of Spotify premium.
#2. Disney Plus
- Estimated digital advertising spend (2021): $403.02 million
Since launching in 2019, Disney Plus has picked up roughly , quickly becoming one of the , following Netflix and Amazon Prime Video. Part of this success can be attributed to its aggressive marketing campaign in East Asia, which involved offering subscriptions at a highly discounted rate. This enabled Disney Plus to grow quickly internationally, threatening Netflix鈥檚 hold on the global market.
A 2022 campaign entitled 鈥淪tories You鈥檇 Expect + Stories You Wouldn鈥檛鈥 positions Disney Plus as , featuring content like 鈥淭he Walking Dead,鈥 鈥淭he Simpsons,鈥 and 鈥淭he Kardashians鈥 to attract adult viewers. In 2021, Disney Plus announced a with ESPN Plus and streaming giant Hulu.
#1. HBO Max
- Estimated digital advertising spend (2021): $634.52 million
HBO Max has dominated ad spending since launching in May of 2020. Much of HBO Max鈥檚 branding has leveraged the powerful draw of by creating reboots, like the new 鈥淕ossip Girl鈥 and the 鈥淪ex and the City鈥 movie sequel called 鈥淎nd Just Like That.鈥 The streaming service has also with its branding for original shows with cult followings like 鈥淓uphoria.鈥 The show鈥檚 distinctive makeup and costume looks have taken off on social media platforms like TikTok, and behind-the-scenes deep dives are offered on its popular YouTube channel. In 2021, HBO Max announced a membership with ads, allowing it to compete with other streaming services with similar tiers, like Hulu and Peacock.