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Maximizing Success: How Analyzing Demand Data Can Help Entertainment Executives Make Informed Decisions

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What is Demand? Why Demand? Industry Products Insights
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Parrot Analytics Insights - January 2024

As a TV executive, analyzing demand data for a show like "Whose Line Is It Anyway?" can help you make more informed decisions. Firstly, in terms of content valuation, by looking at the demand for a show over a given period of time, you can determine how much it is worth and whether it poses a strategic asset for your platform. For instance, in the United Kingdom for January 2024, "Whose Line Is It Anyway?" had a good demand, with 7.7 times the audience demand of the average show. By contrast, its demand over the last 90 days improved, with 7.6 times the average demand, which highlights increased popularity.

Secondly, demand data can help with acquisition decisions by revealing a show's franchise potential and the markets where it has higher demand. For example, the show has good franchisability and reach, indicating it could potentially be developed into a spin-off. Moreover, the series had outstanding demand in its top global markets such as the United States and Canada.

Thirdly, demand data can aid programming decisions as it highlights what content resonates with audiences. Analysis of "Whose Line Is It Anyway?" also indicates that the show has a higher demand than 98.7% of all variety titles in the United Kingdom, and that it mostly appeals to audiences who also enjoy watching shows like "Last Week Tonight With John Oliver", "Taskmaster", and "This Old House".

Finally, analyzing the demand data can help with distribution decisions by identifying regions where a show has high demand and how it compares to the average show. For instance, "Whose Line Is It Anyway?" has good demand in the UK, with audience demand decreasing by 21.0% in January 2024. The show's demand in the United States, where it has an outstanding rating, was 11.0x.

In conclusion, demand data can be a valuable tool for executives evaluating the performance and potential of a TV show. The insight provided by demand data can help them make more informed content, acquisition, distribution, and programming-related decisions.

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