The automated tool allows advertisers to target display and video messages in response to live TV or real-world events. Marketers can set pre-defined triggers so ads run as soon as moments occur, and use Programmatic Guaranteed deals to secure connected TV sports inventory to build a deeper connection with fans.
Red Bee Media will provide Videa with textual metadata aimed at providing a comprehensive source for programming and ratings estimates for automated TV sales.
Comcast’s FreeWheel Advertisers has launched enhancements to its Strata platform that it says will bring additional automation to the local TV advertising process. These enhancements will bring greater efficiencies to many of the tasks associated with buying local TV advertising for both agencies and local broadcasters. The new automated capabilities will be made available to […]
Executives also cite growing impact of automated buying and selling processes.
The recipients of TVNewsCheck’s inaugural Women in Technology Futurist Awards — the TVB’s Abby Auerbach and LG and ATSC’s Madeleine Noland — epitomize the quality of taking a long-range view of where the television industry should be moving and figuring out how to get it there.
While there has been much focus on the buying community’s push for the industry’s adoption of automated ad solutions, there is also a pull factor. Digital publishers are finding that automating their ad selling, fulfillment, and billing processes can provide economic efficiencies similar to those media buyers are experiencing.
The automation logjam is breaking up with companies like Hudson MX, Videa, WideOrbit and ProVantageX in play. The business has reached a critical mass, according to some observers. But with so many competitors, there’s the likelihood that there will be a winnowing down of platforms with time. And frictions remain to be ironed out — most notably handling makegoods automatically.
Broadcasters and agencies agree on the need to automate ad buying and selling, but problems persist, including incompatible automation platforms. The biggest roadblock, however, seems to be figuring out how to pay for it. “It is an unfortunate truth that neither side wants to pay for this,” said Videa’s Shereta Williams. “It is also an unfortunate truth that this is an expensive business.
Frank Friedman will oversee Scripps’ portfolio of local media brands by focusing his consumer and advertising background on local market strategic plans and executions. He will manage teams including analytics and insights, marketing and creative. He also will lead Scripps’ involvement in the testing and implementation of the growing automated advertising marketplace.