A new forecast from the World Advertising Research Center (WARC) suggests that a prolonged Gulf crisis could wipe out up to $49.9 billion in global advertising growth this year, rising to nearly $94 billion over two years under a severe scenario. These are warning signs tied to higher sustained energy prices and inflation. But for the video industry, the timing is more awkward. Over the past four to five years, the sector has been steadily pivoting away from pure subscription models toward hybrid and ad-supported businesses. These have become pivotal to streaming, FAST, and traditional broadcast. Advertising has always been cyclical, but its role within video has changed. Linear broadcasters have long depended on ad revenues, but streaming platforms have…