Ambitious Marketers' Guide to Television - How to unify and optimize your audience across TV, CTV, and digital to drive growth - Amobee
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Ambitious Marketers’ Guide to Television How to unify and optimize your audience across TV, CTV, and digital to drive growth
Ambitious Marketers’ Guide to Television Same Job, Different World: So now what? How can you, a TV-first marketer, solve this year’s Luckily, a flexible Upfronts paradigm is today’s new normal. More data- The State of Television Advertising uncertainties and avoid the train wrecks of last year? You need to informed negotiations between buyers and sellers encourages re-engineer your approach to TV like flexible deal terms so you can more The Upfronts are here again. Your But we also saw more video being your career depends on it. Because effectively manage your portfolio and job is the same and television is consumed across all screens than it does. reallocate media commitments. This still the most important screen in ever before. Covid stay-at-home also enables new ways of getting the house. But after the seismic orders increased TV viewing in all its With 59% of linear TV buyers past legacy roadblocks by adding industry shift last year, the world has forms by four hours a day, with seven integrating CTV into their media data and measurement solutions changed. Advertisers experienced and a half hours spent on digital strategies this year, now is the to the TV planning and buying rapid audience fragmentation over media. The streaming wars, now in time to either take or defend process for a holistic view of a single the course of eight months that full effect as seen with the launch of your brand’s market share. That audience and proof of performance. would normally have taken eight NBCU’s Peacock, Paramount+, and can mean tackling cross-screen years to mature. Pandemic prime- many others, accelerated connected measurement issues, working This Guide will show brand marketers time ratings declined by 20-30%. TV (CTV) adoption by 81%. Direct- through a lack of transparency and TV advertisers three foundational There was massive under-delivery sold and programmatic CTV now in the ad buying process, or steps on how to unify partnerships of programming due to cancelled claim an $8.1 billion share of today’s orchestrating your linear and digital and audience investments, optimize sports and special events, delays in national advertising budgets— buys with a focus on reach and and complement linear TV and CTV TV production, and a rare make good compared to $60 billion spent on frequency. Either way, adopting new results, and apply new data-driven inventory shortage that put many TV linear TV—and industry analysts tools and tactics now will create technology to measure reach and networks on the hook for cash-back expect that number to reach $18.29 greater confidence and agility in the track attribution so you can grow payments to marketers. It was ugly. billion by 2024. way forward. your business. 75 US Connected TV Ad Spending, 2019-2024 billions, % change, and % of total media ad spending % $18.29 Amobee and Ipsos Source: eMarketer $16.34 Research found that $14.11 the majority of sellers $11.36 have become more 46.5% $8.11 40.1% of broadcasters & media flexible in their ad sales $6.38 24.2% companies have initiated terms and in moving 5.4% 27.1% 15.8% 11.9% new Upfront procedures more inventory to 4.2% 4.8% 5.1% 2.6% 3.5% because of Covid. programmatic channels. 2019 2020 2021 2022 2023 2024 Connected TV ad spending % change % of total media spending 4 5
Ambitious Marketers’ Guide to Television 47 the Tier 1 broadcaster inventory that Step 1: Unify you already purchased—and can see where and how your audience % consumes content—will you gain greater insight into how to best of advertisers want to make the The start of the Upfronts means it’s targeting methodologies can feel like execute your fluidity and linear most of their CTV/OTT inventory. 54 back to school for grownups with a a 3D chess game. It takes more than extension budgets. new media budget and a big set of just good faith and a little skill to win. Unifying audiences is the first step to % new challenges you need to figure out. Covid’s impact on advertisers Even more challenging, traditional TV being able to measure and optimize highlighted that there are no and CTV are still packaged together toward more outcomes-based want to make sure their digital divisions between linear TV and CTV but executed separately, leaving TV marketing across all your buying campaigns are complementary households, and only through the investors unable to maximize the strategies, not just within the silo to linear TV and direct-sold unification of audiences can you incremental value of their strategic of a single broadcaster or media campaigns so they can optimize unlock greater flexibility for buying investments across all buy types. company. The secret is that the most reach and frequency. the very best of TV in all its forms. advanced advertisers are already Source: Amobee/Advertiser Perceptions Heading into this year’s Upfronts, doing this. The good news is, with today’s buyers and sellers need to advanced TV targeting, you can understand the unique strengths of have your cake and eat it too. different linear TV, CTV, and digital Should the Upfronts and NewFronts merge? That means centering campaigns channels and how data-informed around audience targets instead of campaigns can work in tandem to Now that streaming has become But while the verdict is still out, certain types of programming and ignite performance across the entire such a major part of the Upfronts, research from Amobee and combining the scale and reach of spectrum of inventory. some industry leaders think Advertiser Perceptions found that linear TV with the targeting precision it’s finally time to merge with 80% of broadcasters and media of CTV. Unifying audiences makes it Data-driven technology enables the NewFronts, which launched companies surveyed feel the faster and easier to optimize across you to understand the historical in 2008 as a forum for media Upfronts and NewFronts sales all networks and formats for better performance of your strategy across companies to showcase their processes should be merged results with less duplication. all broadcast partners for a clearer digital content. IAB CEO David and negotiated together. Point of picture of where you can layer linear Cohen has been an advocate for fact, Disney recently pulled Hulu But going from planning and TV investments with Tier 1 direct- bringing the two events under a inventory that was traditionally buying based on age and gender sold and programmatic in a way that single tentpole. “Two bifurcated sold at the NewFronts into its to strategic target audiences is is complementary, not duplicative. marketplaces make no sense,” Upfronts to enable greater easier said than done. Working with Cohen told Ad Age. flexibility in its negotiations. broadcasters, media companies, and At the end of the day, flexibility and programmatic partners to purchase transparency across all media is key in a reserved or bidded fashion to superior portfolio management. across a range of formats and Only when you have X-ray vision into 8 9
Ambitious Marketers’ Guide to Television Unification Checklist: What it looks like: Increased control and flexibility over your media. Timing: Immediate What to do: • Consolidate your data in-house, or with a partner, and align your linear and digital audiences with a cross-device data set. • Review the historical performance of your strategy and capabilities across all broadcaster and media partners. • Establish a baseline for your linear TV investments and layer it with digital- direct and programmatic CTV. At UM, we see the future of advertising as being • Find a vendor that can bring these a total video planning optimization platform capabilities together to help you maximize reach and control frequency with granular reporting by partner, network, across all channels and screens. (and program) that can show how we deliver optimal reach within and across partners. Eileen Kiernan, Global CEO, UM Worldwide 10 11
Ambitious Marketers’ Guide to Television Optimize.
Ambitious Marketers’ Guide to Television CTV, where viewership is up by 81% Step 2: Optimize and cord-cutters and cord-nevers can be found in greater numbers than Thinking about buying more scatter this year? anywhere else. Whether you’ve committed 90% or Now that you’ve secured your most The key is being able to allocate What’s more, your cost-per-target 10% of your national TV ad budget coveted inventory and the money’s your direct-sold and programmatic will decrease. And for those with to the Upfronts, it’s imperative that on the table, how do you optimize all CTV with greater flexibility and more complex multi-brand portfolios your Upfronts and scatter buys are bets on your Upfront buys to ensure speed against your linear TV with to manage, data-driven processes aligned. Research from Advertiser you get the best outcomes possible deduplicated reach and frequency. can replace manual agency workflow Perceptions found that advertisers for your brand? Only then can you reallocate for greater outcomes that free up expect to allocate 57% of their TV spend, invest money where you teams to focus on a higher order of budgets to this year’s scatter market. On average, most brand marketers’ make money, and use data to strategic work. So buyer beware. There’s now cutting- linear campaigns under-expose their improve targeting. edge reach forecasting technology target audience and over-expose Illuminating cross-channel gaps and available that enables you to optimize heavy TV watchers. This leads to So here’s the good news. TV planning eliminating cross-channel overlaps both your Upfront and scatter dramatic gaps across your portfolio and advertising technologies have optimizes campaign performance inventory together, whether that’s that can drive your media budget into finally caught up with better audience and promotes greater confidence in linear TV or Tier 1 direct-sold CTV. the ground. targeting. This means forecasting and future investments. optimization strategies that reach Without the right partnerships and across all screens and platforms— optimization tactics, you’re flying holistically and simultaneously—for Reach curve analysis from Amobee shows that linear TV scales the fastest blind when it comes to discovering, better performance across your and direct-sold CTV, programmatic CTV, and digital can help your brand mapping, and measuring the inventory and a hugely improved gain incremental reach. Managing overlap can increase your performance. interplay of media buys across all customer experience. channels and networks. You need to be able to look across your full Driving reach that is incremental to portfolio of inventory and re-work linear helps you manage audiences how you want to optimize that media across all networks and formats on a regular basis. for better results and less overlap Reach of linear TV and CTV. This helps With limited visibility into performance, you find the optimal allocation you’re at risk of damaging your brand for the most efficient use of your and wasting impressions on targets campaign budget. you don’t care about hitting. It’s also Time harder to reduce make good inventory Converged planning and optimization or drive on-target reach to your linear also helps you tactically supplement Linear Direct-Sold CTV Programmatic CTV Digital Video/Social TV investments. campaigns with frequency controlled 14 15
Ambitious Marketers’ Guide to Television Optimization Checklist: What it looks like: Easier and faster allocation across channels. Timing: June (mid-Upfronts) What to do: • Figure out budget allotments across specific broadcaster/media companies. • Run different allocation scenarios per each commitment. • Establish reach and frequency goals within each broadcaster/media partner. • Don’t forget, the scatter market will sell out quickly, so plan ahead. Audience-based buying and CTV are complements • Optimize holistically across your entire to today’s linear TV. The industry is changing rapidly portfolio to justify spend. and it’s important to evolve the currencies. We need to allow digital practices into the linear TV environment for the best of both worlds. No longer should linear and digital be planned and executed in silos. Laura Nelson, SVP, Ad Products & Enablement, Disney Advertising Sales 16 17
Ambitious Marketers’ Guide to Television Grow.
Ambitious Marketers’ Guide to Television and reliable and accurate TV and Step 3: Grow digital reporting insights, you’re able to see—for the first time—if your What’s the deal with ACR data? unified campaigns delivered what was forecasted. That way, you can Automatic content recognition Measurement is how we all keep One of the setbacks to more finally measure broadcaster deals (ACR) data recognizes content our jobs. So listen up. Marketers advanced measurement has been and digital investments together played on a media device or in a can’t drive growth for their brands a lack of alignment across teams, and highlight the success of your media file. ACR data from smart without measuring the efficacy of partnerships, and inventory sources. converged campaigns. TVs is an accurate and verified way their advertising. Plain and simple. As long as the ad industry lacks for networks and advertisers to Except it really isn’t. The calculus of a common language and shared This kind of visibility tells you measure consumers’ connected TV measurement is complex and most definitions for campaign KPIs—such which of your media impressions viewing behaviors. This powerful marketers struggle to demonstrate as awareness and brand lift— were the most on-target and in- data source enables you to more the impact of their advertising across advertisers face an uphill battle. frequency versus which ones you clearly understand audience all screens, including the big one. need to course-correct. It also demographics and where and However, measurement and enables more creative testing how often you reached your target Today’s level of extreme audience attribution innovations are quickly and strategic iteration to analyze audience versus the total media fragmentation requires a consistent paving the way for greater visibility media performance and drive more they consumed. measurement yardstick that can and accountability across all types efficient outcomes. extend across TV in all its forms and of media, no matter how fragmented. then tie back to granular reporting This ensures that your ad dollars The decisions you make now will insights on how your campaigns are working hard, and strategically, determine the success and growth are performing. A full view of all across all of your media investments. of your business this year and into audience targets enables you to the future. Only when you can unify, take advantage of real-time, in-flight Emerging technology platforms can optimize, and grow the impact of decisioning tools so you can finally help you get past the linear TV and your media investments across linear measure by device, network, and cross-screen blindspots that were TV, CTV, and digital have you truly inventory type. previously holding you back and harnessed the power and potential of 73% causing friction between TV and TV in all its forms. But as the convergence of TV digital teams. and digital accelerates, industry 73% of advertisers are increasingly reporting standards have not evolved More holistic measurement reporting requesting cross-screen at the same rate as audience growth. gives you the tools to achieve measurement and attribution Many advertisers find themselves deduplicated reach and frequency capabilities from their broadcaster/ unable to identify and effectively and to measure overlap across media company partners. target their strategic audiences linear TV, CTV, and digital video. across linear TV, Tier 1 direct-sold Through the application of common Source: Amobee/Ipsos Research CTV, programmatic, and digital video. metrics, in-flight budget allocation, 20 21
Ambitious Marketers’ Guide to Television Growth Checklist: What it looks like: Holistic measurement of TV and digital together. Timing: Ongoing What to do: • Drive alignment on measurement KPIs across linear TV and digital teams. • Ensure that you have a system in place to measure unified campaigns delivered against the media that was forecasted. Did campaigns run as expected? • Focus on how your audience consumes media across all screens and where and how often you reached your target audience. The ability to effectively understand, reach, • Measure consistently throughout your campaign to track performance over time and measure audiences across the TV and and make in-flight course corrections. digital landscape is key for truly converged • Seek out a partner that can provide you advertising and, until now, it has not been with a privacy-compliant identity resolution framework and measurement solution. possible in the industry. Corey Tolbert, Vice President of Programmatic at Horizon Media. 22 23
Ambitious Marketers’ Guide to Television Offerings.
Ambitious Marketers’ Guide to Television What Amobee can do for you Amobee solutions empower advertisers to leverage data to unify, optimize, and grow their entire Upfront portfolio across linear TV, CTV, digital video, and social. Linear TV Planning CTV Allocator Amobee helps advertisers extract Amobee’s linear-informed CTV more value from their linear TV Allocator is a strategic media investments through sophisticated optimization solution for planning data-driven planning and and executing Tier 1 direct-sold optimization tools that maximize CTV and extension campaigns reach and control frequency to perfectly complement linear against strategic audiences. TV schedules. TV Amplifier 4Screen Reporting Amobee’s TV-aware strategies Amobee 4Screen reports give enable advertisers to target marketers the insights they need audiences in CTV, digital, to optimize and validate their and social that their linear TV cross-screen media campaigns campaigns have under-exposed by measuring and deduplicating or missed entirely. audiences across all screens. 26 27
Finally, there’s a technology that understands how people consume content today. Only Amobee makes it easy for you to find your audience—no matter where they are, no matter what they’re viewing. We help brands, agencies, and media companies unify audiences to optimize advertising results across all TV, CTV, and digital, including social media. That’s how we help you drive growth for your business.
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