Nick Griffin: Why TV ad spend is being decimated

Nick Griffin, Portfolio Manager at K2 Asset management, explains why he sees a massive shift away from traditional media spends into digital and social channels. When looking at the global digital distribution Griffin sees acceleration at a frightening rate as some of the biggest brands communicate to him that they have “given up” on television advertising. These brands are directing ad spend to Facebook and Google or outdoor advertising in response to the changing way consumers obtain and process information. Advertisers realise that digital content replicates very quickly and gets to consumers efficiently and effectively via two channels, “we use the example of Mick Fanning, gets attacked by a shark, we all saw it but 99% of us saw it on YouTube or Facebook first”. In this video Griffin explains who he sees as the big winners and losers out of the redistribution, of the $700 Billion global advertising market, caused by digital disruption.