Now, it seems, they want to kick it up in to the next gear.
Last year, Fox, Turner and Viacom teamed to co-found OpenAP, a new consortium to agree on commonality in the way granular audience-describing datasets are described and made available.
In this panel discussion moderating by MediaLink’s Matt Spiegel for Beet.TV, Viacom Executive Vice President of advanced advertising Bryson Gordon describes the next phase.
‘Not waiting’
“We’ve been in market seven, eight months with a platform that essentially does very little … but that is not where it’s ending,” he says.
“What more can we do around planning? What more can we do around, ‘Well, I have an advanced audience; what if I want to plan against that, what if I want to buy against that?’ It’s really about ‘What do we do next?’, not ‘Where do we stop?’
“This is why we have developers. We were waiting and we were waiting for companies or ad tech to try and solve this for us, and I think what happened is when we got together and we looked at the problem, we said, ‘You know what? We’re gonna go develop a bespoke solution that is going to solve some of the foundational elements.'”
Brands ‘thirsty’ for more
That was something welcomed by a brand marketer on the panel. L’Oreal SVP Nadine McHugh said “working together is a step in the right direction”.
“We need scale,” McHugh said. “I don’t think TV any time soon is ever going to go away. We need you guys to evolve into the future in a meaningful way. We definitely want more targetability.”
Like Gordon, McHugh said L’Oreal hadn’t been sitting on its hands, waiting for technology to be invented to serve its goals.
“We’ve been trying to push ourselves forward while we waited for the industry,” she said, telling Gordon: “So, you should get some of us involved to … during the plumbing stage, so that we can move faster when you’re ready to launch some of these new things because we’ve been thirsty, and we’ll drink faster if we’re in it with you.”
Tech ‘not ready’
Another TV company, NBCUniversal, said the technology “is not there yet” and would take a couple more years.
NBCUniversal SVP Denise Colella said: “We have the ability now to create incredible segments in OpenAP. It’s come a long way but it’s not quite there yet.”
This video is from a series of videos and sessions produced in partnership with FreeWheel at Cannes 2018 as part of the FreeWheel Forum on the Future of Television. You can find more videos from this series here.
]]>Several initiatives and companies are now trying to tackle that problem. But what will it really take for TV to become a “platform”?
In this panel discussion moderating by MediaLink’s Matt Spiegel for Beet.TV, Viacom Executive Vice President of advanced advertising Bryson Gordon describes his vision.
“If you think traditionally of Facebook, Google, even Amazon as the three large advertising platforms, advertising ecosystems, then what is it about television, this thing that’s been around for 50-plus years?,” he asks, before laying out the template: “I think it really comes down to three things…
Other executives on the panel responses to the idea.
Consumers See TV and Digital as Joined
NBCUniversal SVP Denise Colella said right now we can’t really start thinking about it as ‘TV is a separate entity from digital from addressable’, because the consumer doesn’t care.”
She said consumers don’t see TV as a single environment, because these days they consume TV content anywhere, seamlessly.
Accept inconsistency
But the panel’s brand marketer, L’Oreal’s Nadine McHugh, was skeptical. Responding to Gordon’s wish that the TV makes it easy for brands to buy in a “consistent way”, she said: “When I hear ‘consistency’, I think it’s going to take 10 years to get it to where we need to go.
“It’s about where consumers want to consume video content. And they don’t care. We have to maybe be comfortable with being inconsistent within a consistency.”
This video is from a series of videos and sessions produced in partnership with FreeWheel at Cannes 2018 as part of the FreeWheel Forum on the Future of Television. You can find more videos from this series here.,This video is part of Beet.TV’s coverage of Cannes Lions 2018. For more videos from Cannes, please visit this page.
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