12/13/23: Cynopsis Digital Out of Home

Cynopsis Digital Out of Home

 

Wednesday December 13, 2023

Increasing out of home’s share of media plan allocations leads to increased effectiveness, with measurable impact on sales, brand awareness, consideration, and purchase intent. That’s according to a new study from Benchmarketing, a division of Omnicom Media Group. The study commissioned by the Out of Home Advertising Association of America reflects how, due to advancements in machine learning and data analytics, coupled with the ability to factor in variables such as budget spending and economic forces, marketers and advertisers are once again relying on Marketing Mix Modeling as a tool to measure the impact of a brand’s advertising across various marketing channels. “Out of home advertising continues to have a significant impact on driving brand perceptions across industries, and as this research suggests outsize returns can be had with just incremental adjustments in spend—especially for automotive, CPG, and grocery retail,” said Justin Lewis, Constellation Chair, Co-Founder of Instrument, Stagwell Inc.

DPAA announced its 2024 CES Curated Experience, showcasing innovations, strategic partnerships, and thought leadership in the landscape of digital advertising. Confirmed brand leaders joining DPAA include Mastercard, Canva, Kia and others to be announced. Said Barry Frey, DPAA’s President & CEO, “Our curated experience at CES always provides a unique opportunity for attendees to witness the transformative power of digital out-of-home advertising. From immersive displays to groundbreaking technologies, this event will highlight the incredible potential of our industry.”

BIG DEALS

Viamedia announced an exclusive partnership with DOOH advertising platform Perpetual Media. The deal calls for Viamedia to be the exclusive local and regional direct advertising sales firm in all its more than 60 DMAs for Perpetual Media and in all of Perpetual Media’s locations beyond the Viamedia DMAs. “Due to consumer and business demand, video marketing is trending rapidly toward personalization,” said David Solomon, CEO at Viamedia. “To date, ad targeting has been focused on mobile and in-home devices and platforms. Perpetual Media has cracked the code for delivering personalized video messaging to consumers via place-based, out-of-home networks. The DOOH market is expected to grow significantly, and this partnership is an important additional step toward providing advertisers the best opportunities to reach consumers in a fragmented media landscape.”
December 13 perpetual media

Media Resources and OOH company Branded Cities teamed to deliver LED displays in Toronto’s Yonge & Dundas. The first display, installed on the Rogers Sports & Media Tower, is a 90-foot high by 34-foot-wide digital display. Media Resources implemented their VISIONiQ 10.67mm SMD product featuring their SITELINE™ technology to mitigate light trespass, enabling a dynamic visual experience while respecting neighboring condos. The second display has been installed on the South side of Branded Cities Atrium Tower and stands as Canada’s largest digital display, at 130 feet in height by 79 feet in width. “With incredible dedication from our talented employees, we could not be prouder of their monumental effort in seeing these two projects from engineering to manufacturing and to installation,” said Jeff Rushton, President & CEO of Media Resources. “Especially given the short window of time in the middle of the night to have the commissioning completed, their commitment and expertise shined through. We are equally proud to have been selected by our friends at Branded Cities to work side by side throughout the entire process.”

SUSTAINABILITY

VIOOH, the global digital out of DOOH home supply-side platform, announced a partnership with the Carbon Intelligence Platform, Cedara, a supporter of Ad Net Zero. VIOOH has shared its impression intensity carbon emissions (grams CO2e) per ad impression for 2022, which is 18% below the programmatic open web benchmark. “We’re proud to have achieved a lower carbon footprint than industry averages for the open web, which clearly demonstrates the benefit of using the broadcast, one-to-many, environmentally considerate nature of prDOOH,” said Jean-Christophe Conti, CEO. Based on Cedara’s measurement, VIOOH generated 0.28 grams CO2e per ad impression in 2022, well below the Cedara ad platform benchmark of 0.34, which is based on programmatic open web vendor data.

Australian LED supplier and installer Big Screen Video has achieved carbon neutral certification of its business operations by Climate Active, part of a partnership between the Australian Government and businesses to drive voluntary climate action. BSV achieved carbon neutrality across its Australian, Chinese and US operations in July, and plans to cut its emissions intensity by at least another 30% by 2030.

TRENDS

From sustainability (60% of consumers agree many companies just pretend to be sustainable), to podcasts (42% of commuters listen to them), to politics (64% of Gen Z say OOH ads increase their awareness of issues), Outfront’s “2024 Advertising Trends Report” offers insights on consumer, media and OOH trends. You can access the report
here.

UK out-of-home advertising revenue increased 12.9% to £346m in the third quarter, according to data from Outsmart, which found 3Q23 advertising revenue was up 4.9% compared to pre-pandemic 3Q19. It’s the first time revenues topped the corresponding quarter in 2019.

Cynopsis CTV Connect

NEW TO KNOW

Cynopsis has partnered with AdExchanger, Chief Marketer and AdMonsters on CTV Connect, a brand new event. Coming March 2024, the first-of-its-kind summit will address all you need to know for the future of TV. Secure your spot today!

REGISTER HERE

WE GOTTA ASK…

Atmosphere sits at the convergence of CTV and DOOH. CEO Blake Sabatinelli offers his perspective on how the market is evolving.

You have said there’s “untapped potential” for CTV in public venues. What do you mean?
A bespoke CTV experience for public venues serves two meaningful and distinct purposes, for the business itself and viewers watching. Replacing a bad linear TV experience – polarizing news, crime procedurals, and sitcoms…all on mute – with super entertaining, short-form content meant to entertain consumers for long periods of time is a win for both groups. For advertisers, there is a fundamental – and powerful – difference in someone watching TV outside of their living room. Marketers can now utilize the time of day, geographical location, and physical venue location with TV creative tailored to leverage one or all of these factors. A single video creative can take a full-funnel approach, with brand video to create an emotional connection, product visuals for greater purchase intent, and live location data driving consumers directly to a purchase location in the nearest proximity.

How are changing viewing behaviors affecting DOOH?
It is well documented that TV viewership is drastically declining in linear TV, and a growing number of consumers rarely see ads as they watch TV in their homes, outside of live sports. Even the recent growth of AVOD streaming only replaces a fraction of the ad time lost from linear. Advertisers must reach these viewers with light or no ad exposure in their home TV viewership, and differentiated video experiences like Atmosphere, GSTV, and cinema, among others, provide a valuable and meaningful new option to marketers facing this growing challenge.

Can you offer a case study that illustrates the effectiveness of DOOH?
We recently worked with a large beverage advertiser and examined the purchasing habits of consumers exposed to targeted video ads across Atmosphere and compared this audience to an unexposed control group. In a six-week campaign, we saw significant results from the exposed group that increased purchasing on-premise, while lifting off-premise sales by more than 10%. With data points like these, we know that media campaigns outside the living room can have an immediate impact on-premise while influencing long-term purchasing behavior just like in-home television.

BRANDS

Part of the 40th anniversary of Kenneth Cole includes a campaign focused on mental health. With OUTFRONT Media, the brand asked Times Square visitors to “Shut the Hate Up” on a “Day of Purpose” billboard.

DPAA’s CEO, Barry Frey, describes the Digital Out Of Home trade association as being the “three Cs” for their members: Connector, Consigliere, and Community. At the group’s Global Summit, leading brands from Mastercard to McDonalds shared examples of how they engage consumers in an “omnivideo” world, including DOOH, with a focus on their own Cs: Culture, Content and Context. Details are in Cynsiders.

Beauty influencer Lauryn Bosstick’s brand, The Skinny Confidential, launched its newest product, The Butter Brush, with its first OOH campaign. Bosstick is inviting her 1.2 million Instagram followers to post photos with the billboard; 50 will receive a free product for their trouble.

JOLT, Australia’s DOOH and electric vehicle charging network, has partnered with Swedish electric performance car brand Polestar to launch an integrated, customer insight-led campaign. In addition to showcasing Polestar drivers’ “Electric Living” on the road, the campaign aims to dispel the myths of “range anxiety,” a barrier to electric vehicle ownership.

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