Cynopsis Digital Out of Home 08/07/24: DOOH market on the rise; LG introduces Anti-Discoloration Technology

Cynopsis Digital Out of Home
Wednesday August 7, 2024

Video continues to represent a material portion of programmatic OOH spending, comprising 43% of spend on video-enabled screens, according to Place Exchange’s H1 2024 Programmatic OOH Trends Report. Other takeaways include:
· Outdoor (including billboards and street furniture) remained the largest venue category, with 60% of spend, followed by Retail at 13%, Transit at 9%, and Entertainment at 8%.
· Overall, the number of programmatic OOH screens increased by 17%, driven mainly by deployments at entertainment, retail, transit, and health locations.
· Programmatic OOH continues to transact predominantly via Private Marketplace (PMP) deals, representing 93% of H2 2023 spend, given the high levels of campaign flexibility, price transparency, and media quality offered to buyers.

The DOOH market will reach $69.1 billion by 2032,
with a CAGR of 11.4% from forecast 2024-2032, projects an SNS Insider report. The ability to deliver dynamic content and engage audiences in real time, along with the increase in the use of digital screens at airports are helping to drive the DOOH market’s growth. Other factors include growing urbanization and rising infrastructure development over the forecast period.

LG Electronics is introducing its advanced Anti-Discoloration™ technology for outdoor digital signage. Verified by testing organization UL Solutions, LG’s new tech helps prevent “screen-yellowing,” caused by prolonged exposure to sunlight. LG is the first company to achieve UL verification for the display anti-discoloration characteristic technology for digital signage. “Our UL Verification of products with Anti-Discoloration™ technology actively reinforces the performance and quality of our digital signage products,” said Paik Ki-mun, SVP and Head of the Information Display business unit of LG Business Solutions Company. “Through targeted research and development programs, we will continue to identify and resolve any inconveniences that detract from the overall LG digital signage experience, thereby continuously enhancing customer satisfaction and trust.”

Registration is now open for the DPAA Global Summit in NYC, once again taking at Pier Sixty on October 15. Topics include retail media, video everywhere, programmatic transparency, innovative screen solutions, sustainability, and more, with fireside chats that include General Motors, Danone, IPG, Omnicom – for starters. Barry Frey, DPAA President and CEO, gets specific about what to expect this time around.

Cynopsis: How have you seen the DOOH business evolve over the past year, and how does programming for the summit reflect that?
Barry Frey: Innovation and Accountability are two strong industry themes this year. On one hand the capabilities of networks and screen providers are at an all time high – 3D, projection mapping, innovative DOOH/phone/mixed reality tech, etc. Buyers are also concerned with accountability in all of its forms, from sustainable solutions to programmatic transparency to verification. Important industry themes such as these inform not only our speaker selection and briefings but give our members and the industry as a whole important guidance for business goals and strategies.

Cynopsis: What changes to the event will we see this year?
Barry Frey: The DPAA Summit is the global meeting point for about 1,000 leaders in the DOOH space. As such the networking and dealmaking at this event are second to none. This year we will have more opportunities for face to face interaction during the event.

Cynopsis: What are you most excited about this time around?
Barry Frey: The level of knowledge the speakers have about DOOH. A number of this year’s speakers know our industry well, yet have omnichannel roles. As such their presentations and fireside chats will underscore our ongoing theme that DOOH is in fact a growing and more integrated part of today’s holistic media strategies.

Last week, American Values 2024 deployed “Only Kennedy Can Beat Trump” ads across NYC and Washington, DC. The displays included mobile billboard trucks making stops at the NYC headquarters of Fox News, CNN, NBC, and ABC. In DC, 95 static billboards were displayed through August 2, and a fleet of six billboard trucks circumnavigated the city eight hours daily.

A CYNOPSIS MESSAGE FROM DPAA Global

DPAA Global
UPCOMING EVENTS
Research Webinar. [9/11]
Results from latest DPAA Omnichannel Study – Contact
DPAA.
Women’s Empowerment Webinar. [9/17]
Navigating Microaggressions at work – Contact
DPAA.
DPAA Global Summit. [10/15]
Explore the future of DOOH with leaders from GM, Danone and others – Register
HERE.

TRANSIT

DOOH supply-side platform VIOOH is collaborating with Intersection, the experience-driven out-of-home media and technology company, to enable buyers to programmatically access Intersection’s over 6,500 street and transit screens in 13 designated market areas and 90 airports through VIOOH’s real-time Trading Manager platform. “Our media is located in well-travelled locations and can connect brands with the right audience,” said Chris Grosso, CEO at Intersection. “The integration with VIOOH will bring even more opportunities for brands to engage with diverse audiences, and buy and measure out-of-home media in the same way as online, mobile, and other digital media.”

SUSTAINABILITY

The most recent digital display to come from the partnership between Daktronics and Open Media in England is a new LED installation at BOXPARK Liverpool. It’s the company’s first BOXPARK location outside of London, and the first installation using Daktronics’ EcoSmart features, which can provide energy savings of up to 50%. “The BOXPARK Liverpool site marks an exciting development in our work with Daktronics, being the first site and media owner in England to fully use the EcoSmart offering. With advanced louvers and improved power supplies, the product aligns perfectly with our sustainability goals as a business, while still delivering the fantastic image quality that we are renowned for in the market,” said Open Media’s Founder and CEO Mike Smith.

Cynopsis BIG TV Summit: New Strategies for Reaching Target Audiences

Speaking sponsorships selling quickly! Act fast

Establish yourself among the industry’s most impactful agencies, brands, and networks by amplifying your influence, spotlighting your expertise and illuminating your brand. Want to know more?

CONTACT ALBERT NASSOUR, EXECUTIVE DIRECTOR OF SALES

GOING GLOBAL

Vistar Media, together with PRODOOH, Vistar’s programmatic OOH activation team in Latin America, announced its official expansion in Brazil. Vistar is extending its SSP to media owners and DSP to buyers, in addition to dedicated activation and educational support to enable execution of OOH advertising campaigns. “Brazil’s advertising market has untapped potential, presenting brands with a unique local audience to reach across a variety of premium DOOH screens,” said Eugenie Chen, SVP, Strategy & Partnerships at Vistar Media. “Now, with our technology and programmatic expertise, advertisers can more confidently and easily run their DOOH campaigns to be more targeted and impactful than ever before.”

Comedic campaign UK’s Jaffa Cakes scored the highest scores ever for long-term commercial effectiveness in OOH advertising, according to System1. “We’re a cake You Biscuit” scored 5.0 out of 5.9 stars, while “Clue’s On the Box” scored 4.9, matching some of the most effective TV advertising. Jaffa achieved 2-second brand recall of 88%, double the norm for outdoor campaigns. The creative’s success is attributed to strong distinctive assets, minimal high-impact copy, and large logo placement, all features known to drive brand recognition, as identified by System1 and JCDecaux in their latest research. “A first-class example of how to build brand on one of the last standing truly broad-reach mediums, out of home,” said Andrew Tindall, SVP, Global Partnerships, System1. “Playing off a long-standing idea that’s come from the consumer in a simple, emotional and visual way.”

Visual Vibe, a subsidiary of iCreate Limited, is the official digital out-of-home broadcaster for the Paris 2024 Olympic Games via a partnership with International Media Content & SportsMax. Visual Vibe is broadcasting key Olympic events at four prime locations across Jamaica, utilizing P6 screens. “We are thrilled to bring the excitement of the Paris 2024 Olympics directly to the Jamaican public,” said Tyrone Wilson, executive chairman of iCreate. “Visual Vibe has invested over US$50,000 to upgrade our flagship location with state-of-the-art P6 screens, providing the best digital outdoor screen quality in Jamaica.”

Japan’s Docomo has signed an agreement with Vietnam’s DatVietVAC and DatVietOOH to establish a joint venture company, Vie Board Corporation. The new company will create an impression-based DOOH advertising business, including media management, planning, sales, and distribution, combining Docomo’s data-science technology with DatVietVAC and DatVietOOH’s DOOH media in city centers, railway stations, and train cars in Vietnam.

Cynopsis Team

Robbie Caploe
VP/Group Publisher
[email protected]

Lynn Leahey
Editorial Director
[email protected]

Kerry Smith
Division President
Access Intelligence

Albert Nassour
Executive Director of Sales
917-545-3129
[email protected]

Stephanie Cronk
Senior Marketing Director
[email protected]

 

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