Live from Advertising Week – Friday 09/29/17

A CYNOPSIS MESSAGE FROM NAB Show New York …
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Learn side by side with broadcasters and media executives to generate revenue with digital video content, maximizing increased distribution channels – mobile apps, streaming video, OTT and social media.

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Cynopsis Presents:
Live from Advertising Week

09/29/17
Randee Dawn

It’s all over for this year’s New York Advertising Week, but we’re not done sharing! Here’s our wrap-up from AW 2017.
 
PANEL SNAPSHOT: NO MORE FREE LUNCH
 
Content may be key, but it’s not the only moneymaking proposition for producers and advertisers. On Thursday, the “Masters of Monetizing Content,” who included John Trimble (CRO, Pandora); John DeVine (CRO, Oath); Jed Hartman (CRO, The Washington Post); and Sascha Weis (VP Sales, North America, AnyClip) talked about the mistakes the industry has made in trying to turn content into dollars in the digital age, and just how they’re fixing their earlier errors.
 
Hartman, for one, was particularly vocal about how “idiotic” it was to offer content for free for so long on the internet. “In 1989, we said, ‘The content we’re charging for we’re going to give away for free, but advertisers will pay. … It was a dumb decision, but what was equally as dumb is publishers thinking they couldn’t backtrack. If you feel your content has a value, you can charge for it and people will pay for it.”
 
Trimble emphasized that having a dual system of some free, and elevated pay content was a smart model (and one they use at Pandora). “The way [millennials] consume is very different from the old media model, so this gives everyone the chance to do both. There’s a lot of different ways to come at this when you have good quality content.”
 
In some instances, as with The Washington Post (which was purchased in 2013 by Amazon CEO Jeff Bezos), what’s sellable is not just content to consumers, but a whole tech side. Hartman explained that they license their CMS, and just received a patent to speed up doubleclick. “That is part of our growth: technology and engineering,” he said.
 
As to the “duopoly” of Facebook and Google in terms of taking up all the advertising revenue, they were considered both friend and foe to content providers. “Whining that you don’t have enough money to go after these competitors who are really good is not a good strategy,” said Hartman. “You want to diversify your platform partnerships. … I’m far more confident that the value of a well-rounded media plan will win out, rather than Facebook and Google taking over. It’s a waste of energy. If you make your product great, you compete.”
 
For more coverage on related content next month go here.
 
A CYNOPSIS MESSAGE FROM PBS
PBS delivers compelling, heartfelt and brand-safe Arts

Viewership was higher for a single airing of PBS Arts than Broadway attendance for an entire year.  PBS supports the arts with quality programs like Hamilton’s America

And this halo continues to our sponsors.  Over 75% of our viewers agree that sponsors are committed to excellence and quality

Get them while they’re thinking….Pbs.org/sponsorship/
 
Source: Nielsen NPower Household Ratings Live+7  vs. Broadway League Sales data 2016, 2015 TV Heritage Group: PBS Commercialism
 

IN CASE YOU MISSED IT…
 
Mari Kim Novak, President of Advertising Week, on how the event shaped up: “It is an exciting time for advertising and this is such a massive platform to tell the story. We have the ability to shine a light and move the conversation forward on what is happening in so many aspects of the industry, including innovation, data, diversity, women’s empowerment and much more. Advertising is completely transforming and, as we’ve heard from many panelists this week, the consumer is in the center of everything and as an industry we must keep up with this shift in order to be successful.”
 
Nora Zimmett, SVP Programming, The Weather Channel, on “Attention is the New Currency for Advertisers”: “When we are forecasting an event, we see people are pulled in not for entertainment value but because they want to know, ‘Is this storm coming for me?’ That brings on a whole new level of engagement. We have started a new programming model by anchoring all of our coverage from the field. We might be live in the field and close the studio for 20 hours a day, or for days on end. There’s sometimes a perception that we do that for entertainment value, but they’re safe and we know what we’re doing. What we can see is a level of engagement that people are watching longer. Weather is the ultimate reality show.” Fun Fact: What’s a talent you have that very few people know about? “I was so proud of this, I put it on my first resume. I thought it might be odd enough for people to go, ‘Wait, what?’ – but again, I was 22. So: I can wiggle my ears. People don’t think it’s a big deal, but I can do it while talking – or one at a time. It’s genetic. I do it at parties.”
 
After a week of hearing from panelists and experts on the stage, we spoke to attendees to see what they learned from their week at AW:
 
Adam Rowe, former Director of sales for Owned-and-Operated News Channels, Charter Communications (New York): “I feel like this was probably the most diversified event they’ve ever had. They covered things from how big OTT is becoming, how to transition from traditional television to OTT, how important data is to this process – whether it’s programmatic or not – and the one thing they all say is there’s creativity that still needs to be in this business.”
 
Kaya Pino, Music Supervisor at Supergroup Sonic Branding Co. (Toronto): “This is my first time here. The most exciting thing about this week was the diversity in each panel – not only by who was on stage but what area each person was in, and having all aspects of the industry who could work together but don’t always work together as much as they should, trying to find solutions.”
 
Rachelle Janeczek, Program Manager, Dotdash (New York): “Sometimes the panels go off on tangents, but overall it’s great to be around other people in the industry and hear conversations you wouldn’t hear otherwise. I was listening to a talk from Facebook and it was so funny; he was saying we move our fingers 300 feet a day by scrolling on our smart phones!”
 
Tomáš Viatr, Advertisement Operations Manager at Softgames (Berlin): “I learned a lot. The city is the best part – that the event doesn’t just happen in one place, but all over.”
 
TOP OF THE MORNING

Keeping eyeballs glued to a given TV show – and that includes watching the advertising – is a tricky business for any network. But as Nora Zimmett, SVP programming for The Weather Channel told Cynopsis, certain types of programming – particularly ones that air live – can keep audiences unable to walk away from the screen.
 
You were on a panel called “Attention Is the New Currency for Advertisers.” How did this relate to The Weather Channel?
The Weather Channel is in a unique position of being the No. 1 brand name in weather. When you have a long duration event like with hurricanes, people stay on for hours or days without changing the channel and you have a viewership that is going to see your ads because you’re locked in.
 
Why is this an important topic in today’s media environment?
There is still – although perhaps it’s dying a little bit – an allure of digital media for advertisers. But we’ve all seen the impressions game is an unreliable one and digital media has still not cracked the code in telling robots from eyeballs and then eyeballs who have spending power. We’ve seen a return of advertisers in recent years to the television market.
 
Consumers always seem to want to escape advertising, and it feels like in response advertisers ramp up the noise and frequency level. Is there a way for both sides to be happy?
I’d pose the question a little differently: What can advertisers do to change the model of just slotting in content between programming blocks? What is the secret sauce to engagement? We’re finding a lot more ways to incorporate sponsors and brands into our storytelling.
 
What do people most misunderstand about the way advertising on television works today?
People might think that this is a faceless business – that advertisers pay to slap their ads on a TV channel any time during the continuum. People might be surprised to learn how closely advertisers work with programmers so that they can put the right ads with the right programming.
 
ANOTHER PANEL HEADLINE
At Snapchat‘s Town Hall, some interesting stats got an airing from Snap Inc. CSO Imran Khan: users have played with the dog face lens for 7,000 years’ worth of playtime; 75% of people aged 13 to 35 are on Snapchat, and 2/3 of lift in ad awareness comes in the first two seconds of usage. In addition, Khan, Hearts Chief Content Officer Joanna Coles and HBO CEO Richard Plepler announced Snapchat’s new 3-D Augmented Reality World Lenses, which will allow brands to create their own AR social media stars. Snapchat brand partners Bud Light and Warner Bros. are the first to try out the tool.
 
ADVERTISING WEEK BY THE NUMBERS
* 2017 ticket prices ranged from $1,699 (for platinum delegates) to $99 (for students)
* There were 288 seminars during the four-day event, up from 238 in 2016
* 18 venues housed all of the panels and events this year, up from 15 in 2016
 
QUOTE OF THE DAY
“Great minds think unalike.” – ubiquitous Advertising Week slogan, seen on podiums, T-shirts and signs

 
Cynopsis Ad Sales
Mike Farina | 203-218-6480
VP, Sales
Cynopsis Job Listings Sales
Trish Pihonak | 203-899-8459
Director of Operations

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