Cynopsis Digital Out of Home 02/07/24: Black History Month gets a boost from DOOH; Ad growth report

Cynopsis Digital Out of Home

 

Wednesday February 7, 2024

Clear Channel is utilizing its digital OOH platform for a month-long campaign focused on Black History. This year for Black History Month, the Smithsonian Institution has claimed the theme, “African Americans and the Arts.” Clear Channel puts its own spin on that with “Celebrating Creators,” including DOOH creatives that shine a spotlight on influential African Americans in music, literature, film, TV, visual arts, and more. The campaign is running across CCOA’s nationwide digital inventory throughout February.

OUTFRONT Media’s Black History Month celebration includes a number of initiatives aimed at inspiring. An expanded Color of Change campaign on transit OOH inventory and billboards offers creative designed by Fufu and Grits, a Black-owned and Black-led creative studio. “Moments in Culture” celebrates Black History Month with the series “Visions of Black Masculinity,” a continuation of the Moments by OUTFRONT partnership with Artsy, in major transit systems across the country. Other brands and organizations using OUTFRONT Media this month include “Man Up” in Memphis, TN, for an OOH campaign promoting providing students in high poverty communities, particularly male students of color, access to high-quality male teachers and advancing policies that promote equity in K–12 schools. “As we celebrate Black History Month, we are honored to amplify Black voices, promote historic districts, and support educational initiatives,” said Liz Rave, Vice President, Marketing at OUTFRONT Media. “Through our diverse campaigns and partnerships, we aim to inspire, educate, and celebrate the rich history and contributions of the Black American community. Initiatives such as these further the embodiment of OUTFRONT’s purpose.”

In a recent blog post, Vistar Media suggested the three biggest trends for DOOH in 2024. And the winners are:
· Retail media, offering advertisers to influence decision-making in the final moments before shoppers make their purchase
· Inventory quality standards, with a shared definition of quality that can be enforced fairly and objectively
The evolution of first-party data with the demise of third-party cookies

South Carolina voters with Independent political party affiliation, but who say they feel closer to Republican, account for 92 million target in-market impressions for OOH inventory in the state. That’s according to an analysis of political audiences from Geopath which shows how candidates can utilize OOH media to reach their target voters, including those who might be on the fence. Key takeaways for states with upcoming primaries include:
· In Nevada, there are 252 million target in-market impressions from Republican voters, followed by 126 million target in-market impressions from voters with Independent political party affiliation but feel closer to Republican.
· In Michigan, there are 121 million target impressions from voters with Independent political party affiliation but feel closer to Republican.

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Across the pond, 33-foot holograms of supermodel Gisele Bündchen and South Korean actor Lee Min-ho near London’s Tower Bridge were part of Boss’s Spring/Summer 2024 campaign. Bündchen and Min-ho, in addition to British model Adwoa Aboah and Italian tennis player Matteo Berrettini, were photographed wearing pieces from the brand’s SS24 collection. “Every season, we want to do something bold and impactful and disruptive,” said Nadia Kokni, SVP of global marketing and brand communications at parent company Hugo Boss. “We were thinking about what we can do to disrupt the scroll and change the story a bit. Holograms make you do a double take; it’s familiar but a little disconcerting.”

BY THE NUMBERS

From H1 2023 to H2 2023, the top the programmatic OOH advertising categories remained the same – Food/Drink, Personal Finance, and Health/Fitness – and accounted for almost half of spend, according to Place Exchange’s Programmatic OOH Trends report. Other findings include:
• The fastest-growing categories were Home/Garden, Business, Automotive, Shopping, Tech/Computing, and Health/Fitness.
• Billboards remained the single largest asset category by spend, at 38%. Place-based formats continued to grow, with OOH TV screens accounting for 27% of spend, followed by Display Panels at 15%, and Kiosks at 12%.
• Outdoor remained the largest venue category, with 55% of spend, followed by Retail at 15%, Transit at 10%, and Entertainment at 8%. Overall, the number of programmatic OOH screens increased by 32%.
• Video continued to represent a material portion of spending, comprising over one third of programmatic OOH spend on video-enabled screens.
• 84% of programmatic OOH video spend is attributed to the top 2 sizes (WxH): 1920×1080 and 1080×1920.
• Programmatic OOH continues to transact predominantly via Private Marketplace deals, representing 93% of H2 2023 spend.

The global DOOH market is projected to reach $58.67 billion by 2031, growing at 11.6% CAGR, according to a report from Allied Market Research. “The rise in urbanization across emerging economies globally is anticipated to provide lucrative opportunities for the digital out of home industry during the forecast period,” says the report.

NEW TOOLS

CETV Now! has teamed up with Broadsign to expand its advertising technology and services for clients, onboarding all of its DOOH screens to Broadsign’s OOH supply-side-platform. “Connecting our inventory into Broadsign’s programmatic platform, celebrated for its global reach and intelligent automation, offers our clients a powerful way to connect with their audiences,” said Ben Collins, Cofounder and CPO, CETV Now!. “It’s an exciting step forward in our journey to provide comprehensive, cutting-edge marketing solutions.”

Viant announced it has bolstered its Viant Data Platform with new AI-based tools and services, for a DSP tech infrastructure that processes data where programmatic advertisers and marketers can easily onboard customer data platforms with clean rooms and generate insights. “As a programmatic advertising technology leader, we’re excited to release innovative AI solutions that help solve for third-party signal loss for our customers,” said Dustin Kwan, Chief Product Officer, Viant. “Our latest Data Platform enhancements are another example of the agility of the Viant platform.”

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