MEDIA UPDATE OF THE WEEK
After announcing back in July their intention to sell the publication, oOh! Media has completed their sale of Junkee Media to Racat Group.
The youth publication joins Racat’s portfolio of publishing, production and digital assets with Australian Geographic, Runway Play and the company who produced Love on the Spectrum and Hardball.
Ooh Media chief content, marketing and creative officer Neil Ackland said: “As a co-founder of Junkee it was critically important we found the right business that is aligned to its core values. I know that RACAT will be a wonderful home for the team and I’m excited to watch them and Piers take it to new heights. My journey with Junkee now comes to an end as I continue with oOh! and I want to thank the brilliant Junkee team for their outstanding work and wish them and RACAT every success in the future.”
Consumer Confidence increased by 1.5pts to 107.5 this week, however Consumer Confidence is still below the 2021 weekly average of 108.1 and is 1.5 points below the same week a year ago.
Looking at State Consumer Confidence, New South Wales, Queensland and Western Australia was up which was driven by Australians confidence in their personal financial situations however there were small reductions across Victoria, South Australia and Tasmania.
David Plank, ANZ Head of Australian Economics, has said "… Consumer confidence rose 1.4% last week even as ‘weekly inflation expectations’ rose a touch to 4.9%. Consumers are positive about the outlook despite the news about the Omicron variant. Among the major cities confidence increased by 5.0% in Sydney, 1.0% in Brisbane and 1.4% in Perth, while it dropped in Melbourne (-1.2%) and Adelaide (-0.5%). The sustained jump in inflation expectations doesn’t seem to have had a major impact on sentiment, unlike what is occurring elsewhere such as in the US."
While consumer confidence is still sitting below the 2021 average, there has been an increase from last week. Consumers are becoming more confident about their personal financial situations compared to a year ago. Now 29% of Australians say their families are ‘better off’ financially than this time last year and 28% say their families are ‘worse off’ financially.
Network Seven currently have the highest share for the week with 27.11% followed by Network Nine with 22.14% and Network Ten with 11.41%. Unsurprisingly the News was the top performing genre this week, with Nine News Sunday taking the top spot on with 936K and Seven News coming in 2nd with 891K total people.
The 2021 AACTA Awards were on the 8th of December airing on Network Ten with ABC ruling the night with a total of 22 trophies, while Stan won 8 and Foxtel with 4. Nitram and The Newsreader dominated the wins.
Stan’s Movie Nitram took out all the major categories for film, including Best Director and Best Film with wins for Caleb Landry Jones, Anthony LaPaglia, Judy Davis and Essie Davis. The Newsreader claimed five AACTAs, including Best Drama Series and acting wins for Anna Torv and William McInnes.
Source: Nielsen eTAM (Dec 2021)
In the week up to the 8th of December, 888.8 million minutes of BVOD content was consumed, reaching 5.2 million people nationally.
ABC dominated the top 10 programs, with 6 of the top 10 spots. Total Control appeared twice this week, taking out the top spot with 82K BVOD audience, followed by Endeavour and Doctor Who. Ten’s The Bold and The Beautiful appeared three times, with SBS Red Election and ABCs Gruen and Adventures of Paddington: Lost Letter rounding out the top ten.
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