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The Beet.TV Studio Sessions produced at Meredith Corporation New York City – Beet.TV https://dev.beet.tv The root to the media revolution Thu, 14 Jun 2018 11:04:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.7 The Next Frontiers For true[X]: Voice Activation, Engagement Ads In Live Events https://dev.beet.tv/2018/06/pooja-midha-2.html Thu, 14 Jun 2018 10:13:56 +0000 https://www.beet.tv/?p=53216 Video engagement advertising pioneer true[X] is looking to leverage the utility of voice-activated assistants and the power of live programming as it rolls out the next generation of attention-based video capabilities. “Engagement advertising is just the beginning,” says Pooja Midha, who recently joined true[X] as President.

At last week’s Beet Retreat in the City, Midha—whose background includes ABC, Viacom and Dow Jones—was one of the featured speakers along with Ashley J. Swartz, CEO of Furious Corp. In this one-on-one interview, Swartz asks about the utility of voice assistants in what she terms the “straddling of platforms and experiences.”

To Midha, it comes down to “breaking down that third wall. You want to bring someone into your ad creative. That’s when you really get to create that emotional connection that makes the difference between a product and a brand.”

Given the rise of in-home, voice-activated assistants and other ways consumers can talk to digital devices like laptops and mobile phones, Midha explains how the technology can induce viewer participation.

“So you can say, ‘turn off the lights.’ And the lights are going to turn off in the scene that you’re watching. You could say, ‘turn on the TV,’ and the TV inside the scene you’re watching of a living room is going to turn on and play your show.”

Asked by Swartz whether engagement with interactive ads is a generational thing, Midha says it’s all about the most appropriate creative. Her view is supported by the more than 10,000 engagement ads true[X] has executed in virtually every category “and pretty much every advertiser KPI we can think of.”

true[X] will be rolling out a new set of what Midha terms “engagement blueprints” based on “really strong database insights and learnings. So that’s how we see ourselves scaling.”

With the company having proven the efficacy of engagement ads in on-demand programming, she sees a huge opportunity in live programs like sports events and awards shows.

“Nothing captures people like live. What hasn’t evolved is the fact that we are streaming so many of these events and great moments on digital platforms and taking advantage of none of the capabilities that these digital platforms offer.”

One aspect of human behavior while watching live events is to pause the content. “When they come back, we give them the opportunity, if they’ve been gone long enough, we say ‘would you like to engage for thirty seconds or do you want to just pick up where you were?’”

If a viewer decides to engage for 30 seconds, they can skip the next commercial break and catch up in real time to where other viewers are with the game or program. “We have done a little bit of testing in terms of focus grouping the concept, we’ve built a live demo, we got really strong feedback,” says Midha, adding, “I just love the idea of not accepting live for what it is and saying, ‘this is already an amazing experience, let’s make it better.’”

This video was produced at the Beet Retreat in City & Town Hall on June 6, 2018 in New York City. The event and video series are presented by LiveRamp, TiVo, true[X] and 605. For more videos from the series, please visit this page.

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Set-Top Box Data ‘Must Move At The Speed Of Digital’: TiVo’s Horstman https://dev.beet.tv/2018/06/walt-horstman-2.html Wed, 13 Jun 2018 00:58:53 +0000 https://www.beet.tv/?p=53196 When TiVo and Rovi merged in the fall of 2016, one priority was to pool all of the set-top box viewing data from TiVo’s own hardware and combine it with data from cable and satellite operators. But the combined data were useful only to the extent that software could extract insights.

“So when we first came in we took this decision that said set-top data must move at the speed of digital,” says Walt Horstman, TiVo’s SVP, GM, Advanced Media & Advertising. That meant “in a matter of seconds.”

The underlying motivation, Horstman explains in this interview at last week’s Beet Retreat in the City: “We’re in the golden age of TV, but we’re also in the golden age of TV data.”

Now advertisers and media companies “truly can understand how TV advertising changes consumer behavior,” he says in response to a question from Ashley J. Swartz, CEO of Furious Corp.

This means “No longer using proxies, no longer using correlation metrics, but truly in a deterministic fashion understand how we can change consumer behavior through TV advertising, and that’s what’s really exciting,” says Horstman.

What’s gratifying to see on the buy-side is that the siloes between TV planners/buyers and digital planners/buyers “are really coming down. We are now using TV data with digital planners, analytics folks at agencies or brands.”

He says the “real momentum” is reflected in the realization that everyone needs to comprehend how TV and any kind of digital campaign work together.

“It’s all about integrating the effectiveness, the targeting, the measurement and understanding the impact of TV on digital campaigns and vice versa,” Horstman says.

In addition to bulking up on viewing data, TiVo has been advancing the cause of deeper audience engagement with its Personalized Content Discovery Platform, which groups viewers’ favorite shows, genres, interests—even actors and directors—into personalized carousels.

“We’ve given the consumer everything they ever wanted, which is all the content available on demand on any device. That has created a challenge for the consumer because it’s harder to find things.”

Content recommendation drives longer engagement, “which of course increases more advertising units, more monetization,” Horstman says.

Among the insights derived from the Personalized Content Discovery Platform is that from Monday through Friday of a typical week, “consumers are much more focused on watching what they’ve currently been watching, catching up with whatever their favorite shows are.”

Conversely, on weekends people are “much more interested in exploration of a broader set of offerings, and that’s where we can expand catalog consumption either for a content provider or for a service provider.”

An overarching goal is to keep people in the ad-supported TV environment.

“As we know, the biggest advertiser on television is television. And so we’re starting to bridge that story between personalized recommendations with also marketing content and merchandising in the same offering,” Horstman says.

This video was produced at the Beet Retreat in City & Town Hall on June 6, 2018 in New York City. The event and video series are presented by LiveRamp, TiVo, true[X] and 605. For more videos from the series, please visit this page.

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LiveRamp Sees ‘Tremendous Movement’ Of Marketer Clients To Addressable TV https://dev.beet.tv/2018/06/allison-metcalfe.html Wed, 13 Jun 2018 00:49:19 +0000 https://www.beet.tv/?p=53179 In the quest for addressable television with greater scale, brand uptake is accelerating concurrent with the efforts of companies like LiveRamp to educate the marketplace. Automation through software is lagging this uptake, according to Allison Metcalfe, GM of LiveRamp TV.

“People are still pretty confused about what’s possible and how it works,” Metcalfe explains in this interview with Laura Desmond at last week’s Beet Retreat in the City: Television Advances as Consumers Choose.

LiveRamp helps several hundred brands make the best use of their CRM data to implement people-based marketing across more than 500 publishers and digital marketing platforms, “and so there’s a natural extension in talking about television as well,” says Metcalfe.

In March, LiveRamp extended its IdentityLink platform to the TV space. Its Connect Select solution is designed to empower MVPD’s on the sell-side.

Educating LiveRamp’s brand clients has sparked a “tremendous movement on their behalf. I think we’ve got 40 brands that had never been in addressable TV working with us and executing campaigns in the last two quarters alone,” says Metcalfe.

Desmond was one of the early pioneers of addressable TV while at Starcom, beginning with a trial in Huntsville in 2005 with Charter and Comcast followed by more trials in 2009 and 2012.

“We actually were the mover that put DirecTV into the addressable business,” Desmond recalls. “In all four of those use cases, what we saw was a tremendous business case. Zapping was down by 33 percent, engagement increased anywhere between ten to forty percent. Yet the dollars aren’t flowing.”

Says Metcalfe, “There’s overwhelming evidence this works.” She notes that MVPD’s and companies like one2one Media “talk about how the majority of their business is repeat business. They have such high retention rates because once you try it, you see how well it works you come back.”

Underlying hurdles to adoption include brand procurement people not understanding why a CPM for an addressable campaign may be higher even though the effective CPM can be lower. Using a hypothetical household CPM of $25 for a non-addressable campaign, Desmond says, “It’s a good buy, it’s targeted but it comes with waste.” And while reducing waste can mean a higher effective CPM, “People have a hard time wrapping their arms around that.”

In a recent earnings call, LiveRamp CEO Scott Howe CEO said the company’s addressable TV unit is growing at a rate of 70 percent this year. What are the drivers of the growth?

“The activation of the buy side, I just can’t underplay that enough,” responds Metcalfe.

Another priority at LiveRamp is bringing TV-specific identifiers into its identity graph.

“Currently, our graph is PII based and email and mobile ID and device ID. We need to get to a point where we have IP to household that scales as well as the Roku ID or the Hulu ID or the Chrome stick ID. To really unlock those connected-TV cases to empower the networks to have a better understanding of true viewership of their content as well as the advertisers,” says Metcalfe.

This video was produced at the Beet Retreat in City & Town Hall on June 6, 2018 in New York City. The event and video series are presented by LiveRamp, TiVo, true[X] and 605. For more videos from the series, please visit this page.

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