ELSEWHERE IN TIMES SQUARE
Stephanie Abrams Cartin, Co-CEO Socialfly, at “Will Data and Digital Resurrect TV?”: “Facebook has a huge advantage [when creating original content] because of the amount of data it has on all its viewers. They know what’s likely to perform well. They can almost guarantee what shows on Facebook are going to perform well, and it’s a very big advantage.”
Jill King, SVP marketing and partnerships for Cartoon Network, Adult Swim and Boomerang, at “Not Your Parents’ Branded Content”: “More and more brands are able to create social-broadcast moments. Adult Swim has done this well over the years – we create Instagrammable moments where fans end up doing a lot of the broadcasting for you.”
Just for fun: If you could have a super power, what would it be and why?
“Instead of a superpower, I’d prefer a portal gun from Rick and Morty, so I can travel to any alternate universe that I’d like.”
Fred Schonenberg, Founder, VentureFuel at the TechX VC Power Breakfast: “Brands that are trying to enhance consumers’ lives and provide them a new experience they wouldn’t have gotten otherwise is really resonating. It doesn’t feel like advertising; it’s like a friend helping you to do something special. It becomes part of their daily experience, rather than a forced app they don’t want to see.”
Just for fun: What talent do you have that not many people know about?
“I played basketball about 50 pounds ago. I was a shooting guard; I was pretty good – I led the state of Alabama in 3-point percentage during my senior year of high school, then went on to play at Trinity College in Hartford, Connecticut.”
QUOTE OF THE DAY
“You don’t have to send a crew to [Mt.] Everest every time.” – Otto Bell, VP and Group Creative Director, Courageous, at “Not Your Parents’ Branded Content,” regarding streamlining costs for original branded content
TOP OF THE MORNING
This may be Mari Kim Novak‘s first Advertising Week as president of the event, but she’s actually been on board virtually since it started 14 years ago – in year one as an investor while at Microsoft Advertising, and for the past 13 years on the advisory board. That makes her uniquely qualified to take AW to the next level, both at home and abroad. Cynopsis spoke with Novak just before the event began.
How are you using your expertise to make changes and improvements in Advertising Week?
Some of the changes are internal, some are external. The biggest opportunity internally was to help the global expansion of Advertising Week be done right – we wanted to hold on to our core markets in New York and London, then be able to have the bandwidth to go out to Japan and Mexico and maybe Australia. Externally, my whole career has been about monitoring emerging technology and the change that technology has caused within the industry. So I wanted to ensure that story was being told on stage, and build out the experience so people can dive in and really touch that technology.
Is there another area that’s important to you as well?
As the woman at the table, it’s important to me to make sure there’s strong women empowerment and diversity throughout Advertising Week. We’ve consciously made sure we have diversity on all panels, so it’s not an afterthought.
Is there any way to get beyond what feels like a cold war between consumers and advertisers? One always seems to be avoiding advertising, while the other is finding new ways to layer it in.
Advertising has been put in a box to some degree, and some levels of advertising have had to be taken out of that box. Anything that influences a consumer’s decision to purchase a certain brand is advertising. We’re lacking standards in order to understand the value of each one, but certain types of advertising have gotten a bad rap. People want to redefine advertising, and the industry is changing to meet consumers’ needs – but it’s not going away.
TV ADS BY THE NUMBERS
* TV advertising in the US is the largest advertising market in the world, accounting for nearly 42% of revenue in 2016
* Emerging markets will likely lead to a share decline to 39% by 2021
* The multichannel sector will see ad venue grow at 2.6% compound annual growth rate (CAGR), reaching $30.2B in 2021
* But while TV advertising CAGR will increase more slowly to 1.3% by 2021, it will still hold a big piece of the pie: earnings are expected to be $75.2B in 2021
Statistics courtesy PricewaterhouseCoopers
TOMORROW AT AW
The week gets into full swing tomorrow, with panels including “The Next Era of Programmatic,” “When Programmatic Gets Placement Right” and “Scaling Branded Visual Content Creation for Digital.” Plus, we’ll have much more from Adult Swim‘s Jill King, who’ll let us know that Millennials are definitely not ruining the world. See you then!
