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Kate Scott-Dawkins, Jeff Foster, and Nidhi Shah from the WPP Media Intelligence team discuss key highlights from their newly released advertising forecast report, This Year, Next Year, MidYear Forecast. The podcast covers global advertising trends, including market projections, shifts in media consumption, and the transformative impact of AI on the industry. Check out an interactive overview of the report here: http://www.wppmedia.com/news/tyny-mid... Takeaways: • Global advertising revenue is forecasted to reach $1.08 trillion by 2025. • Retail media is expected to surpass total TV revenue by 2025. • The advertising market shows resilience despite economic uncertainties. • Search advertising continues to grow globally at 7.4%. • Content-driven advertising is now the largest segment of media. • User-generated content has surpassed professionally produced content in ad revenue. • AI is transforming the advertising landscape significantly. • Marketers need to consider how to engage with bots in the future. • Trust and transparency are crucial in AI-driven advertising. • The advertising industry is rapidly evolving with new technologies. 00:00 - Introduction and Rebranding 01:01 - Global Advertising Forecast for 2025 02:16 - U.S. Market Insights: Retail Media vs. TV 04:38 - UK Trends and Digital Growth 06:29 - Introducing the New Media Taxonomy 10:49 - Industry Feedback on the New Framework 13:08 - User-Generated Content Surpasses Professional Content 14:17 - The Creator Economy and Revenue Streams 16:07 - AI’s Transformative Impact on Advertising 19:48 - Marketing to Bots and the Future of Web Traffic 23:20 - Ethical Considerations for AI in Advertising 24:46 - Closing Thoughts and Upcoming Episodes