New Data from the 2024 LDC U.S. Latinos in Media Report™: A Shrinking Industry Has an Opportunity to Reverse its Decline by Appealing to More Latino Audiences
11 September 2024 - 9:00PM
Business Wire
The Latino Donor Collaborative (LDC), a nonprofit organization
and think tank dedicated to producing research that highlights
economic opportunities for growth, has officially released the
2024 LDC U.S. Latinos in Media
Report™, available for download. The seventh annual
edition of this report provides the clearest evidence yet that
excluding Latinos from film and television – throughout the
production process, as well as above-the-line talent – is bad for
business. According to McKinsey, Hollywood stands to lose between
$12 billion - $18 billion in revenue by not proportionally
including Latinos, which seriously impacts every studio’s P&L
statement. Yet, this is completely fixable.
The report examines Latino representation in scripted and
unscripted media, the consequences of misrepresentation, and
actions brands can take to address the discrepancy in
representation.
The report will be a key point of discussion at the 2024
L’ATTITUDE Conference, which takes place at The Manchester Grand
Hyatt in San Diego from September 12-15. L’ATTITUDE is the largest
business event in the country focused on “The New Mainstream
Economy,” helping executives and business leaders understand the
U.S. Latino cohort driving its growth.
U.S. Latino Representation in Media
Highlights:
- Despite U.S. Latinos making up nearly 20% of the U.S.
population, only 9.8% of main cast roles in scripted shows are
Latino. Latinos hold 11 of the lead roles out of the 198
scripted shows analyzed in the report. This would need to increase
to 38 for market parity to be achieved.
- Latinos are critically underrepresented in unscripted
television, holding just 5% of host/presenter/narrator roles,
5% of participant/contributor roles, and 6% of judge/expert roles.
Additionally, Latinos only directed 4% of the 2,146 episodes of
unscripted shows.
- Latinos are the most active moviegoers per capita in the U.S.,
accounting for 24% of movie ticket sales. Additionally,
Latinos make up 29% of daily mobile TV viewers and 24% of streaming
users. High-grossing movies such as “Inside Out 2” and “The Super
Mario Bros. Movie” had 40% and 41% of viewership, respectively,
come from the Latino cohort.
- Latinos spend almost 50% of their time watching TV on
streaming platforms yet are the least represented of all groups
in streaming films, making up 11% of main cast roles. Additionally,
only 6% of lead roles in streaming films are Latino. Prime
Video leads with 30% Latino participation in main cast roles, while
AppleTV+ shows only 2%, limited to ensemble cast roles.
- Young Latinos, who make up 25% of the U.S. youth population,
are abandoning traditional media for social media platforms like
YouTube and TikTok, where they can find authentic
representation. This cohort actively choose not to support
companies that don’t support their community, and 63% say they
don’t feel authentically represented by the current media
landscape.
While U.S. Latinos are significant contributors to the U.S.
economy and drive media consumption, their presence on screen,
behind the camera, and in decision-making roles remains
disproportionately low. This disconnect has led to an increasing
portion of U.S. Latinos, specifically youth audiences, moving to
other media mediums to find representation.
“Our latest findings reveal a blatant oversight in the
representation of U.S. Latinos across all media formats,” said Ana
Valdez, CEO and President of the LDC. “The growing economic impact
and cultural influence of Latino consumers underscores the
importance of proportionate representation that accurately reflects
what our country looks like. Media companies and entertainment
studios must take immediate action to address the gap. This isn’t a
diversity initiative; it’s just good business. Corporate
shareholders, as well as the public, must do their part to lobby
for better Latino representation so they can stop leaving money on
the table and capitalize on the multi-billion-dollar revenue
opportunity.”
“The U.S. Latino cohort is the fastest-growing segment of the
population, and they have the power to deliver billions of dollars
in revenue to a shrinking media industry,” said Sol Trujillo,
Co-founder and Chairman of the LDC. “This report is further
evidence that engaging with the U.S. Latino cohort leads to the
best business results. The highest-grossing films at the box office
directly appealed to Latino audiences. There is enormous market
potential for media companies and content creators. Brands that
embrace this opportunity stand to gain enormous economic
rewards.”
About Latino Donor Collaborative
The Latino Donor Collaborative (LDC) is an independently funded
501(c)(3) nonprofit organization and think tank. LDC has
consistently provided economic and business data through meticulous
research and fact-based insights. Its reports have become essential
tools for American resource allocators, highlighting the growing
opportunities emanating from the myriad contributions of U.S.
Latinos across the societal spectrum. Learn more at
https://www.latinodonorcollaborative.org/.
About L’ATTITUDE
The brainchild of international business executive Sol Trujillo
and NAHREP Co-Founder & CEO Gary Acosta, L'ATTITUDE hosts a
world-class slate of CEOs, celebrities, economists, educators,
entrepreneurs, journalists, politicians and industry influencers at
its annual conference. Participants engage in open dialogue about
the latest facts and data regarding America's Latino Factor and the
New Mainstream Economy. As the name implies, L'ATTITUDE is about
staying on course to a growing and sustainable economic future for
America.
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version on businesswire.com: https://www.businesswire.com/news/home/20240911977771/en/
For Latino Donor Collaborative: Daniel Ahern / Ellie Kuhen
781-927-4038 / 330-697-1161 The Pollack Group dan@pollackgroup.com
/ ellie@pollackgroup.com