Billboards are one of the best ways to get people’s attention when it comes to advertising. Each day, thousands of people can see them since they are difficult to overlook. But not every billboard is made equally. Some are simply outrageously pricey while others are more striking than others. This article will examine the most expensive billboard in the world in more detail and provide its price.
New York City’s Times Square is home to the most costly billboard in the world. It is a digital billboard operated by Clear Channel Outdoor that covers an entire city block. The Spectacular billboard may be found at 1568 Broadway, which is between 46th and 47th Streets. It has 24 million LED pixels and is 25,000 square feet in size.
What is the price of the most expensive billboard in the world? The Spectacular reportedly costs about $2.5 million per month. This indicates that the annual cost of advertising on this billboard is $30 million. One of the most costly advertising places in the world as a result.
The Spectacular is very popular despite its exorbitant price. Times Square is a good place for advertising because it is thought that 330,000 people pass through it every day. The Spectacular has featured advertisements from some of the most well-known companies in the world, including Coca-Cola, Samsung, and Chevrolet.
Who is the owner of New York’s Times Square in light of this? The City of New York and other private owners jointly control Times Square. The Times Square Alliance, a nonprofit organization in charge of managing the neighborhood, is also in charge of marketing it. To maintain Times Square as a bustling and secure tourist destination, the Alliance collaborates with neighborhood businesses and partners.
Finally, Clear Channel Outdoor owns the most expensive billboard in the world, which is situated in Times Square in New York. One of the most costly advertising places in the world, advertising on this billboard costs about $2.5 million each month. Due to its enviable location and the vast number of people who travel through Times Square every day, it is in high demand despite its premium price.