DISPLAY ADVERTISING, RETARGETING
PureCars | January 30, 2023
PureCars, the leading supplier of digital marketing technology and services for automobile dealers, announced the official introduction of streaming audio advertising services through Spotify. As a result of this strategic partnership, Spotify advertising is now part of PureCars' product portfolio, making it easier for its North American customers to access Spotify's engaged, young audience.
CEO at PureCars, Stephane Ferri, said, "Our collaboration with Spotify adds premier streaming audio advertising to our product suite." He added, "Based on the success of our pilot program, we're thrilled to expand the offering so dealers can leverage this highly effective channel in their advertising strategy. With 2023 set to bring a radical market shift versus the previous few years, we want to give dealers every advantage available in the market."
(Source – PR Newswire)
Streaming audio platforms such as Spotify have become an increasingly attractive advertising medium due to their vast reach. For example, Spotify has over 456 million users in more than 180 global markets. This amount of exposure and participation is a crucial reason why dealers should explore digital audio advertisements. In addition, a recent Sonic Science study from Spotify concluded that Spotify and digital audio are more engaging and immersive than digital video, social media, television, and radio due to digital audio's inherent personalization and interactivity. This is beneficial for listeners, marketers, designers, and publishers.
Streaming audio advertising with Spotify provides a compelling new approach to reaching prospective automobile purchasers, including those in the deliberation stage. Those who hear auto commercials on Spotify are 52% more likely to buy the advertised vehicle.
PureCars is a premier automotive software and managed services company serving dealerships, OEMs, and advertising associations across the retail automotive market in North America. Its unique mix of customer data management, innovative advertising solutions, digital merchandising, and market analytics offers dealers and partners best-in-class efficiency- and profitability-enhancing solutions. The company is a registered digital supplier for 16 U.S. original equipment manufacturers and one in Canada, which is compatible with over 40 brands and serves 65 of the top 100 dealer groups in North America
AD TECH AND MARTECH
GumGum | March 20, 2023
GumGum, a contextual first, global advertising platform, announced that starting immediately, all impressions running on GumGum’s ad exchange will now have enhanced brand safety protection through Verity™, GumGum’s proprietary and accredited contextual intelligence platform.
Verity is already integrated and applied across GumGum’s PMPs and media business. With this upgrade, GumGum becomes the first 100% brand-safe exchange and is the only direct marketplace that incorporates brand safety on every impression.
Advertisers typically add brand safety layers on their own through a pre-bid solution or their own safety filters. However, GumGum believes it is their responsibility to ensure supply-side safety by integrating an additional layer of protection in its exchange with Verity. Verity is the first independent ad tech platform to have been granted content-level accreditation by the Media Rating Council (MRC) for contextual analysis, brand safety, and suitability across the web and CTV. This accreditation was granted due to Verity’s sophistication and ability to analyse all content signals within a digital environment, including text, images, videos, and audio, to ensure ads are not served against extreme and unsafe content.
“We want brands and agencies to know that when they buy from GumGum’s ad exchange, they can always rely on brand safety and suitability protection, whether that’s through our exchange or PMP activity. Buyers can be assured that every ad we serve has been verified by Verity, creating a safe ad environment against extreme content,” said Adam Schenkel, EVP of global platform strategy & operations at GumGum. “Further, we want publishers to feel confident that we are an additional layer of support in ensuring their content is driving the greatest monetisation from our platform while protecting against brand safety violations.”
In addition to standard display and video placements from top publishers, GumGum’s ad exchange quickly unlocks exclusive inventory using standard formats that are cost-efficient and can be easily scaled through GumGum’s DSP partners, such as The Trade Desk, Xandr, and Google Display & Video 360. Any media buyer has the ability to access unique, high-performing inventory that is exclusive to GumGum through a DSP without a managed deal or campaign by GumGum account teams. The exchange is one of the industry's highest concentrations of direct-to-publisher integrations, enabling the company to provide the most direct route to premium, high-quality inventory for media buyers.
“Every brand has its own suitability thresholds but safety is more black and white. If we have the capability to remove unsafe inventory that advertisers don’t want to advertise against from the onset, why wouldn’t we do that?” said Phil Schraeder, CEO of GumGum. “We see a tremendous growth opportunity with our ad exchange and adding Verity to every ad impression is just one of many exciting things we will be doing with the exchange this year.”
This solution offers higher-quality ads and increased scale across thousands of premium publisher sites that are third-party verified. To ensure quality inventory at scale and an efficient supply chain, GumGum has integrated MediaGuard by HUMAN into the exchange to remove nonhuman and fraud traffic. In addition, GumGum is integrated with NewsGuard who deploy real journalists to fact-check news publications to ensure content accuracy, reliability, and access to high-performing inventory. With a focus on inclusivity, the exchange will also allow advertisers to maximise their KPIs by targeting audiences through customised segments such as multicultural and sustainability with standard and nonstandard ad formats.
GumGum will continue to develop partnerships to grow the scale of the exchange in 2023 and beyond. With a new team dedicated to the innovation and growth of the exchange, GumGum continues to commit to evolving the marketplace to suit the needs of the digital advertising industry.
GumGum’s exchange is available now and accessible to agencies, advertisers and publishers across the globe interested in brand-safe and premium ad inventory.
GumGum is a contextual-first global digital advertising platform that captures people’s attention, without the use of personal data. We believe that a digital advertising ecosystem based on understanding a consumer’s active frame of mind rather than behaviour builds a more equitable and safer future for consumers, publishers and advertisers alike. Founded in 2008, GumGum is headquartered in Santa Monica, California and operates in 19 markets worldwide.
LG Ad Solutions | February 09, 2023
LG Advertising Solutions has recently released the results of its thought leadership study, "Enhanced Ads Study," highlighting the impact of enhanced Connected TV (CTV) advertising formats on watcher engagement and productivity, providing critical insights for the advertising industry's future.
The enhanced CTV ads use dynamic QR codes that, depending on time, change messaging and trigger location-specific creative content. Its study reported that around 49% of U.S. consumers engage with enhanced advertisements, demanding personalized and interactive advertising experiences. In addition, it discovered that approximately 94% of consumers feel the same way or prefer brands that use QR codes, and the same number are more likely to use or buy those brands.
They either feel the same or are more inclined towards the brands with store locations near them, with 92% regarding the same and more likely to buy or use those brands. In addition, an estimated 72% view the ads that are influenced by the current weather condition in their city, with approximately 94% having similar feelings or more chances of opting for the weather-based contextual ads and about 92% feeling the same or more possibilities to buy or use those brands. Thus, 72% of consumers prefer enhanced advertisements that display real-time sports scores, a countdown to games or events, and team matchups, and 64% are more likely to engage with these ads.
CMO of LG Ad Solutions, Tony Marlow, said, "The results of the LG Ad Solutions Enhanced Ads Study reinforce the importance of adapting to changing consumer preferences and leveraging innovative ad formats." He added, "By providing brands with the ability to create more personalized and interactive ad experiences within CTV environments, we are helping to drive better engagement and outcomes for both advertisers and consumers."
(Source – Business Wire)
About LG Ad Solutions
LG Ad Solutions, a TV and cross-screen advertising solutions provider, has been helping brands maximize reach and return on ad spend across the TV streaming marketplace since 2013. Headquartered in Mountain View, California, it connects smart TV products, brands, and consumers with TV audience data and artificial intelligence-designed videos across all screens. It links technologies with devices, with one automated platform for measuring and activating media across digital video and connected TVs. Its insights help marketers run cross-screen campaigns in flight and understand ad performance to optimize media reach.