With so many platforms, it’s hard to know which one to choose. Managing relationships with multiple publishers is cumbersome and it can be hard to track the right metrics to know what’s working and what’s not. To solve that challenge, Flip, our performance OTT platform, provides a smarter way to buy, manage, and optimize OTT campaigns.
COO, David Zapletal, was recently featured in Martech Zone, where he explained the numerous advantages Flip offers advertisers and agencies. Here’s a recap of what he had to say:
Through extensive industry partnerships, brands and agencies get direct access to every premium OTT publisher to maximize audience reach. Because there’s no middleman, brands get the most efficient pricing possible, creating higher ROI and return on ad spend (ROAS). And because the entire OTT strategy is managed within Flip, there’s no need to hassle with multiple vendor relationships or contracts. It’s simple, consolidated, and efficient.
You can check out David’s full article on Martech Zone. To learn more about Flip’s capabilities, speak with a member of our team—and be sure to follow us on LinkedIn and Twitter for the latest updates.
VP of Business Development & Strategy, Ben Brenner, was recently featured in Toolbox Marketing, where he explained the numerous advantages Flip offers advertisers and agencies. Here’s a look at what he had to say:
Through extensive industry partnerships, brands and agencies get direct access to every premium OTT publisher to maximize audience reach. Because there’s no middleman, brands get the most efficient pricing possible, creating higher ROI and return on ad spend (ROAS). And because the entire OTT strategy is managed within Flip, there’s no need to hassle with multiple vendor relationships or contracts. It’s simple, consolidated, and efficient.
For more insights, you can check out the full piece on Toolbox Marketing. For more information, speak with a member of our team—and be sure to follow us on LinkedIn and Twitter for the latest updates.
The Digital Remedy Team is thrilled to announce that we’ve been selected as a finalist for the 2023 Digiday Technology Awards under the “Best Marketing Analytics Platform” category.
Our Performance CTV platform redefines performance marketing! The platform goes beyond the entire ad view, measuring the impact of every CTV impression on real-world actions, including lead generation, sales, revenue, or in-store visits. Advertisers and brands of all sizes across any industry can benefit from its full CTV analytics suite in a single, easy-to-navigate dashboard UI. Our Performance CTV strategy and solution offer a sophisticated way to target, buy, optimize, and measure OTT campaigns. Many advertisers are under increased pressure to prove the effectiveness of their ad spending within their media investment. Working with Digital Remedy as your preferred performance marketing partner, our Performance CTV platform is the go-to solution for advertisers and brands to stress less and make wiser decisions in their campaigns to maximize performance. They’re able to unlock key performance insights and determine the impact of every variable in their campaigns to drive future marketing decisions.
This marks the 7th time our platform has been shortlisted for a major awards program—the 6th time with Digiday. Earlier this year, our Performance CTV platform was selected as a finalist for the 2023 Digiday Video & TV Awards under the “Best Connected TV Platform” category. The platform has also been recognized by the Digiday Technology Awards, the Digiday Media Awards, the Drum Digital Advertising Awards, and the Digiday Video & TV Awards for the “Best New TV/Streaming Ad Sales Program or Product” category. As a performance marketing partner with a leading product innovation and attribution solution for advertisers in previous years. We are incredibly proud and honored to be shortlisted once again alongside some long-standing leaders in the industry.
Digiday will be announcing winners on Tuesday, August 29th. Stay tuned for more details, and be sure to follow us on Twitter, LinkedIn, Facebook, and Instagram for the latest company updates.
Ad spending on CTV platforms continues with a projected increase of advancements and opportunities in the over-the-top (OTT) and connected TV (CTV) advertising space. As consumer viewing habits continue viewing streaming services ad dollars continue to migrate toward these channels as well.
The industry built tools to better target streaming audiences and measure their viewing behaviors, with the goal of providing the most compelling ad opportunities for marketers looking to connect with valuable consumers. Making up 10% of all digital ad spending, CTV ad spending is expected to reach $29.29b in 2024.1
Connected TV penetration in U.S. households continues to grow, as more households acquire internet-connected devices to watch content.2
CTV’s ability to merge the often separated performance and brand marketing worlds is redefining the digital advertising space as we once knew it. Given the immense ad opportunities that CTV/OTT offers—including precise, digital-like measurability and a high-quality viewing environment and the valuable audiences it draws in—and the significant investment in these channels, advertisers and brands are increasingly focused on proving the effectiveness of their OTT campaigns.
Through next-generation CTV ad platforms, marketers can now understand the CTV exposure-to-outcome impact of their ads. Given the large investment in this media channel, attribution—the process of assigning credit for conversions to various marketing touchpoints along the customers’ journey—has become a must-have for growth and performance marketers. This information is critical to creating more effective ad campaigns and boosting revenue. In measuring conversions following ad exposure for CTV, it’s important to understand which exposure caused the conversion to take place. For example, if a person sees an ad for Jersey Mike’s Subs on CTV and grabs their phone to do a quick search for the nearest location, then clicks on the link and places an order. This behavior will be attributed to Google, while in fact the search and the sale were 100% inspired by the TV ad. This faulty attribution dynamic has played out for years, resulting in hundreds of billions of dollars in valuation being hijacked by last-click digital companies.
While some attribution models use basic analytics data, they only provide a template and often fail to account for important steps in the marketing funnel. While last-touch attribution has long been the “go-to” measurement method, marketers now need to explore different attribution methodologies, given the increasingly fragmented media space and evolving consumer journey. The digital ad space needs to advance our understanding of single-touch measurement models, as they assign 100% of conversion credit to only one marketing touchpoint and often focus on only the first or last interactions, and adapt more sophisticated methods of analysis for campaigns. By leveraging different attribution methodologies, marketers can gain more in-depth insights regarding ad effectiveness to drive future marketing decisions.
It’s important to understand that attribution is a journey and the consumer journey is ever-changing. Today, a person can be exposed to a brand’s ad across numerous platforms and devices before purchasing. In fact, in the modern age of marketing across platforms, devices, and channels, the typical retail consumer requires an average of 56 touchpoints before making a purchase.3 It is important to assign proper credit to each touchpoint so that marketers can determine where their budget should be spent.
Our award-winning proprietary Performance CTV platform matches and tracks OTT/CTV impressions across premium inventory sources to real-world events, including site visits, store location visits, subscriptions, app installs, form-fills, purchases, revenue, and more to provide a more granular look at the consumer journey. We know, deterministically, at the household level, when someone is exposed to an ad and then takes action—whether it be digitally or physically. With our platform, advertisers can analyze exactly what’s driving desired results among consumers using multiple attribution methodologies.
Our Performance CTV platform takes attribution a step further, measuring every single touch prior to a conversion. Powered by innovative technology, the platform allows users to toggle freely between four different attribution methodologies in real-time to see exactly which touchpoints are driving the most leads, sales, installs, or visits among consumers. Advertisers have the ability to shuffle the distribution of credit according to the following attribution methodologies:
First Touch: All conversion credit assigned to the first variables that the converter was exposed to.
Last Touch: All conversion credit assigned to the last variables that the converter was exposed to.
Time Decay: Credit weighted more heavily across variables that the converter was exposed to as said exposures approach conversion (aka credit increases as time to conversion decreases).
Linear: Credit evenly dispersed across all variables that the converter was exposed to.
Our Performance CTV platform is the one-stop-shop for advertisers and agencies looking to transform data into actionable items that can be leveraged and improved upon in the future. By measuring and assigning credit to different variables in your campaign, our platform determines the true impact of each of them on any KPI—providing a new standard in tracking, transparency, and results via comprehensive attribution insights. Our platform then uses these insights to inform its media buying with a bidder that moves the budget toward the highest-performing campaign variables—lowering CPAs, maximizing ROAS, and making a tangible impact on a brand’s bottom line. Expanding your attribution methodologies will not only help refine your budget strategy but will have a lasting impact on your current and future ad campaigns.
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As the direct-to-consumer (DTC) space becomes increasingly competitive, marketers are under constant pressure to understand campaign performance and prove the value of their efforts. Now accountable for driving outcomes through their campaigns rather than building general awareness among consumers, many brands are rethinking their media mix—exploring new channels that can effectively deliver on their campaign goals and maximize their budget.
Digital Remedy partnered with Dynata, the world’s largest first-party data company, to field a marketing-focused survey with the goal of gaining a deeper understanding of DTC marketers’ top priorities, current campaign practices, and media partner preferences.
Download our report, which provides valuable insights, including:
For the latest industry trends and insights, check out our blog and sign up to receive our monthly newsletter.
Whether you’re a DTC marketer just getting started in the CTV/OTT space or looking to take your current campaigns to the next level, Digital Remedy is here to help. Discover how your brand can garner greater brand impact, generate more outcomes, and turn TV into a powerful performance channel. For additional information, visit www.digitalremedy.com/ott-ctv or schedule a demo to see our award-winning platform in action.
The Digital Remedy Team is excited to announce that we’ve been selected as a finalist for the 2023 Digiday Video & TV Awards under the “Best Connected TV Platform” category.
Our Performance CTV platform goes beyond the ad view, measuring the impact of every CTV impression on real-world actions, including lead generation, sales, revenue, or in-store visits. Advertisers of all sizes across any industry can benefit from its full CTV analytics suite in a single, easy-to-navigate dashboard UI. Our Performance CTV solution offers a sophisticated way to target, buy, optimize, and measure OTT campaigns. Advertisers are under increased pressure to prove the effectiveness of their ad spend, and with our Performance CTV platform, they’re able to unlock key performance insights and determine the impact of every variable in their campaigns to drive future marketing decisions.
This marks the 6th time our platform has been shortlisted for a major awards program—the 5th time with Digiday. In 2021, our Performance CTV platform was named “Best New TV/Streaming Ad Sales Program or Product” by the Digiday Video & TV Awards. The platform has also been recognized by the Digiday Technology Awards, the Digiday Media Awards, and the Drum Digital Advertising Awards as a leading product innovation and attribution solution for advertisers in previous years. We are incredibly honored to be shortlisted once again alongside some long-standing leaders in the industry.
Digiday will be announcing winners on Tuesday, March 7th. Stay tuned for more details, and be sure to follow us on Twitter, LinkedIn, and Instagram for the latest company updates.
Through sophisticated measurement capabilities, marketers can now understand the CTV exposure-to-outcome impact of their ads. Given the significant investment in this media channel, attribution—the process of assigning credit for conversions to various marketing touchpoints along the customers’ journey—has become a must-have for growth and performance marketers. This information is critical to creating more effective ad campaigns and boosting revenue. In measuring conversions following ad exposure for CTV, it’s important to understand which exposure caused the conversion to take place.
Through incrementality analysis, we can evaluate all the conversions that wouldn’t have happened without our media. But in many instances, other media channels had an influence. In fact, every touchpoint your audience has with your campaign influences a conversion—no matter the partner or channel.
If a Digital Remedy campaign played a part in a conversion that involved other media exposures, clients want to understand how the exposure to Digital Remedy played a role in improving the efficacy of the media. In this case, the OTT campaign influenced the conversion, but the second partner’s attribution modeling wouldn’t take that into account, and it would get full credit for the conversion.
All media works together. None of your advertising works in a vacuum. Conversion reporting/attribution is only one of several ways to analyze whether specific media is working for you. With halo effect analysis, clients can understand the campaign boost Digital Remedy is providing. If we played a part in a conversion that involved some other media, we’re essentially improving the efficacy of that media type with our own media.
Incremental channel lift, or halo effect, is a way to measure the boost in performance of your search, social, and affiliate channels provided by your CTV campaigns. In other words, the halo effect shows how much more likely someone is to convert if they see CTV ads AND any of your search, social, or affiliate ads versus ONLY seeing ads on those other channels.
Halo effect analysis takes a more holistic approach to attribution, focusing on incremental conversions across media channels and campaigns. With this analysis, you can connect your CTV spend and see just how much of a boost these campaigns are providing for all of the other media you’re running.
Rather than having to take credit for the direct performance of our media, we are able to assign that credit and take indirect credit instead through halo effect analysis. Search lift, social lift, affiliate lift, native lift; you name it, all of this can be done through this same process.
Leveraging halo effect analysis through Digital Remedy, advertisers can measure the true incrementality of their marketing initiatives and refine their campaign mix to deliver a better ad experience for their customers (and better results for their business). Benefits include:
Speak to a member of our team to learn more.
With the lines between branding and performance marketing blurring, the days of archaic, one-size-fits-all ad campaigns are over.
Creating an OTT/CTV performance campaign that works and works well relies on a number of things, but what trumps the list in 2023 may be more holistic than what we’ve seen in past years.
To ensure your connected TV advertising efforts are optimized for success, you need to know what makes an effective performance marketing strategy aligned with today’s best practices.
When starting a connected TV campaign, marketers face a choice: Is this a branding or a performance campaign? Not that the two are wholly mutually exclusive—a branding campaign will have a performance impact and vice versa—but the choice between the two will determine the primary campaign objective.
With a branding campaign, your main goal is to build brand equity—establishing your value proposition regarding your reputation, values, quality of offerings, and trustworthiness, all in the minds of your customers. This type of marketing is mainly used to raise awareness about your overall brand, or it can be an effective way to generate hype on the product level, particularly when it comes to a new launch.
These campaigns involve slow-burning strategies, and their return on investment may not occur immediately—rather, taking weeks, months, or even years to witness real results. Along the way, however, you can track KPIs to measure how well your brand is resonating with your audience with metrics like engagement and interaction.
On the flip side, performance marketing aims to improve brand performance and impact real-world outcomes like sales, leads, or site traffic. Digital marketers who choose this type of media planning strategy have high hopes of guiding their audiences through the marketing funnel all the way to conversion. Performance marketing implies 2 key facets:
With high-volume lead generation and quick, easily trackable ROI, performance marketing is favorable for immediate results or when budgets are tighter, where every out dollar must correspond to an equal or greater amount in. Powered by personalized messaging, clear calls to action, and compelling ad ideas, these campaigns encourage viewers to respond directly to the ads in ways that drive bottom-funnel KPIs.
Traditionally, branding and performance have existed as two completely separate disciplines: Branding as a long-term strategy; performance as a short-term one. Branding to drive perception; performance to drive demand. Branding as a trust builder; performance as a sales pitch.
The list goes on.
Fortunately, the gap between brand and direct response marketing is starting to close, and advertisers are no longer left scrambling to pick a side of the coin.
Measurements for what were once considered upper-funnel media channels are starting to improve, highlighting what many advertisers may have missed all along: Lower-funnel media can impact branding, and upper-funnel media can impact performance.
Brands are now paying equal attention to how they tell their story and the ways they target and measure their true impact.
Bridging the gap no longer entails a drastic shift in mindset—there’s an art and science to both that can never fully merge. But a clear alignment of the two will bring about a holistic, granular understanding of the effects of your cumulative investment, considering the nuances of every stage of the buyer’s journey.
When marketers combine the data, technology, and benefits of the two once-opposite disciplines, they can craft strategies with both long-term brand awareness and measurable outcomes.
Savvy marketers know that bringing an ad idea to life isn’t just about the desired outcome—it’s also about the right creative. With the average person seeing an estimated 6,000-10,000 ads a day, cutting through the clutter is no easy feat unless your ads are made to be remembered.
Whereas linear TV was once the traditional branding channel, recent advancements in ad tech have brought newer, more innovative opportunities to deliver an incredibly engaging audience experience.
OTT/CTV, in particular, offers the high-impact brand storytelling power of traditional TV coupled with the targeting, analytics, and interactivity of digital. These capabilities create a compelling environment for audiences to interact with messaging alongside premium content, helping to drive conversion rates.
When launching a creative strategy that works for your brand and advertising goals, it’s important to segment your marketing channels by funnel level and different messaging strategies based on customer touch points. You’ll need to plan to allocate your spending based on:
The right creative strategies look different for every marketer, and they aren’t built overnight. But with knowledge of the industry’s best practices, you can ensure your strategy is up to code, speed, and the standards of your target audience.
A performance marketing strategy that combines the best of both worlds—branding and direct response—can be a shot in the dark if not executed correctly. To avoid blindly firing into the abyss, you need to cultivate an expert media buying strategy that hits the target without misses.
Some of the industry’s best practices to keep in mind as you navigate a multi-dimensional performance marketing strategy include:
Discover how incrementality analysis helped our QSR client determine which creative messaging drove the highest incremental lift. From these insights, the client shot additional video spots that aligned with the high-performing messaging.
Performance means different things to different marketers (and has traditionally been associated with direct response). At Digital Remedy, we believe in having a solid base for delivering performance, no matter the KPIs (upper- or lower-funnel)—meaning more outcomes and more ROI for our clients.
We’ve spent 22+ years building and evolving the best performance solutions in the market—while providing a new standard in tracking, transparency, and results via comprehensive attribution insights.
Performance is at our core. Our omnichannel performance branding solutions enable advertisers and agencies to effectively activate, measure, and draw insights across the right channel to drive a stronger impact and performance outcomes.
We recognize the importance of understanding the complete consumer journey so that no marketing funnel stage is ever optimized in isolation. Your consumers’ attitudes and behaviors are bound to change—meet them where they are with a flexible, agile approach and platforms that evaluate your most effective journey to purchase.
Speak with a member of our team to learn more about how we can help you maximize your OTT/CTV performance strategy today.
A movement of possibility for CTV/OTT advertisers is coming, and it’s hitting full force in 2023.
Whether you’re just making the jump to CTV or looking to improve your overall campaign performance, a new year on the books marks new ways of winning over your audience.
To the average TV fanatic, the shift from linear programming to digital streaming won’t be making any groundbreaking headlines in 2023. For over a decade, CTV has consistently created waves in the steady stream of modern media, redefining how, when, and where we tune into this week’s top-charting shows and films.
As the number of cord-cutters surges, digital marketers are just now taking the hint. Getting an ad placed during Amazon’s Thursday Night Football carries a lot more weight than a strategy sealed off to the age of OTT.
In 2023 alone, CTV ad spending is expected to reach $26b—up $5b from the past year.
Between Disney+ and Netflix’s move to ad-supported streaming in late 2022, there have never been so many opportunities to get your ads seen and your brand known. But as any digital marketer knows, no advertising strategy wins the deal unless it’s agile to emerging trends in the industry.
Since the dawn of marketing, creativity has been the saving grace for advertisers trying to cut through the clutter of a noisy media landscape. With the average consumer’s attention span resting at just eight seconds, the performance of an ad has everything to do with how well it resonates with its viewers.
While Prime Video, Paramount+, and Netflix pool more and more eager marketers to CTV, an innovative ad-buying strategy is no longer optional for brands who want to see real results with their campaigns. To stand out from the rising competition, marketing moguls are embracing creativity not just within their messaging but also in the types of ads they choose to purchase.
Interactive ads, in particular, have seen considerable success as they’ve been adopted into performance TV strategies. According to data from Innovid, interactive ads boast a 3.5% higher engagement rate and capture audience attention for 85 seconds longer than traditional streaming ads.
There are many different ways to have your audience interact with your brand beyond the dreaded blank stare at the screen. In recent years, some of the most popular trends that have taken hold of the industry include:
Unlike standard TV, CTV ad buying is flipping the script on the traditional passive user experience. Forbes sums up this emerging trend perfectly: The more engaging the advertising, the longer the viewer’s impact—and the higher the chance that your brand remains top-of-mind when it matters most.
As streaming TV advertising becomes more competitive and expensive, marketers need to measure the success of their campaigns to maximize their ROI. Luckily, programmatic ad platforms offer a boatload of data on the status of CTV campaigns, from top-of-the-funnel metrics down to conversions by the number.
Historically, some of the most common metrics tracked in performance TV advertising have been those that sit at the top of the marketing funnel. Whether it’s the cost per completed view or the number of households reached, measuring CTV performance has largely remained geared towards metrics that move the needle on brand awareness.
Looking into 2023, performance advertisers are now leveraging metrics with a more telling focus: consumer behavior after viewing an ad. As the ring bearer in the marriage between TV and the Internet, CTV can track lower-funnel metrics untouched by linear programming, such as:
These lower-funnel performance metrics allow marketers to measure the effectiveness of their campaigns in terms of customer acquisition, engagement, and retention. That way, you can track how much you’re spending to acquire views, what your return on ad spend is, and the lifetime value of your customers.
It’s a digital marketing no-brainer: To meet your target audience where they are, you need to understand them first.
From paid search to OTT, consumer data such as demographics and contact information has long been used to create a more informed and intuitive campaign. But where advertisers have previously relied on second and third-party data to obtain their insights comes a new industry standard—first-party data.
Within any marketing medium, first-party data is data that you collect from your audience without any middleman. It’s the most reliable, credible, and trustworthy data you can gather because it’s overseen entirely by you. And because it’s proprietary to you, your competition won’t get the chance to create personalized campaigns based on your findings.
Some of the most common ways first-party data is collected include:
With privacy policy changes raining down on the advertising industry, it’s never been more important for marketers to gain their information from a consenting audience. Even Google plans to phase out third-party cookies in Chrome by 2024 to better protect its searchers from invasive data collectors looking to make big bucks.
As the ad tech industry moves toward data obtained on the inside, marketers now have increased opportunities to get to know their audience and establish more trustworthy relationships first-hand.
With more OTT platforms rushing to adopt ad-supported tiers, more options are being unveiled for advertisers looking to make their way to the big screen. But despite this influx in opportunity, advertisers worldwide are picking up on the idea that not all inventory is created equal.
CTV/OTT inventory is professionally developed and curated content that couples broadcast TV quality with full-screen creative ads. When it’s considered premium, it’s just that—premium-grade, professional content designed to reach the right audience at scale.
Because streaming TV has risen to the title of one of the world’s largest markets, a fragmented landscape has left room for greater brand safety risks. Brand owners can no longer afford to put their full trust in open exchanges since their ads can run almost anywhere, risking heavy blows to their reputation and financial status.
To combat ad fraud, more marketers are working with CTV advertising partners that leverage premium inventory. When you launch your campaigns through a trustworthy provider, you can ensure that your ads are being run in brand-safe content, protecting your efforts from unwittingly doing more harm than good.
In the ever-evolving digital marketing landscape, it is vital to have a strategic media planning partner on your side to ensure success in your campaigns.
At Digital Remedy, we provide comprehensive digital media solutions to help you navigate the complexities of today’s rapidly-changing CTV environment. We combine our extensive industry knowledge and expertise with cutting-edge programmatic ad platforms to create custom digital strategies and powerful campaigns that drive results.
Whether looking for a turnkey solution or more hands-on guidance, Digital Remedy has the experience and resources to help you achieve your unique goals.
Reach out to us today to learn more about how we help you stand out from your competition.
The ad tech industry is an ever-changing, increasingly-competitive, fragmented space, full of acronyms, complex tools, ad networks, and lots of data. With the ever-changing nature of the industry, it’s important to remain one step ahead.
2022 brought a lot of growth to the ad tech space, showing no signs of slowing down heading into the new year. The ongoing digitization trend and the rise in spending to improve workflow and productivity of employees is expected to fuel the market growth in the coming years.
The increasing investments into the flourishing advertising industry are further expected to influence the market demand.1 While 2023 will bring even more growth, advertisers will be looking for more capabilities around measurement and optimization and ROI generation.
Looking back at the industry this past year, advertising revenue grew by 6.5%.2 Despite the economic downturn, large ad spend declines were limited to certain markets and are not reflective of the overall industry’s health. It seems that through 2022, large advertisers are still growing revenue, unemployment remains low, new business opportunities remain steady and digital media is still growing.
As we head into 2023, a notable trend emerging is the forecasted growth of connected TV—which should see double-digit increases next year and account for one-third of total TV spend by 2027,2 as it continues to steal dollars previously allocated to linear investments. TV advertising as a whole will grow by 1 to 3%2 over the next five years, reflecting how much certain traditional investments pull down the category as a whole.
With ad spend predicted to have positive growth, it’s vital to make sure your ad dollars are being allocated correctly. Working with an experienced media partner to optimize and measure ad performance in real time should be an investment brands are willing to make going into 2023.
What should advertisers and agencies expect in 2023? Here are some predictions from the Digital Remedy Team:
As streaming continues to grow in popularity, so too has “subscription fatigue,” the sense of being overwhelmed by the amount of content available. Audience media consumption will continue to shift, which will not only be a challenge in the CTV space next year as consumers rotate through streaming services but also across all media platforms. Due to this shift, brands need to be agile with their strategies, which should be powered by data such as audience insights and campaign performance.
Data is at the heart of the business, and advertisers and agencies that are not leveraging it will be at a disadvantage. OTT platforms have access to owned audience data on what is being watched within their networks, as well as when and how they’re watching. And while there’s a lot of room for more detailed audience insights, the data they have now can allow streaming platforms to utilize data-powered content strategies that are more likely to resonate well with audiences.3
The rise of ad-supported streaming on CTV is an opportunity to deliver real, measurable outcomes and will continue to become a focus for marketers in 2023. Streaming giants such as Netflix have announced ad-supported subscription tiers with favorable pricing in exchange for advertising within content. This year, ad-supported streaming will generate $19.1b and by 2024,2 marketers will spend $29.5b on CTV advertising. With all of the new inventory, the streaming space is becoming increasingly competitive. Advertisers have more ways to reach consumers than ever before, leveraging targeting and performance reporting is key to ensuring ad dollars are being utilized.
While brand awareness is critical, many marketers focus on driving (and measuring) bottom-funnel actions, such as website visits, in-store visits, and purchases. Improvements in measurement for upper-funnel media are coming fast and furious. These improvements are showing that lower-funnel media can have branding impacts, and upper-funnel media can have performance impacts that will be highlighted heading into 2023.
For more on Performance TV, check out our report.
CTV has been increasing in popularity with advertisers, but with the economic downturn, advertisers will focus on channel diversification in 2023 and follow their target audiences more closely wherever they’re watching. Consumers today are using many different screens and devices for streaming media, and advertisers need to make sure they are keeping this in mind. Running cross-channel campaigns can create touch points throughout the customer journey that will keep their brand top of mind.
A successful performance CTV strategy has a lot of moving parts. Utilizing real-time measurement to drive decisions and focus media budgets on the highest-performing channels will be a key CTV strategy to pull into 2023. To be effective, marketers must meet audience expectations for personalization, which means taking a dynamic and agile approach with targeting and execution.
Contextual targeting, which enables marketers to target users online based on contextual signals rather than third-party data, offers far more privacy for individual web users, and this is critical as we move towards a world without cookies. This means targeting the right user at the right time on the right channel with a personalized contextual message—without third-party data tracking.
First-party data infrastructure will be crucial for effective brand advertising. We see this marketing trend continuing, helping advertisers provide targeted experiences to key consumers through audience segmentation and smart audience management with the help of technologies.4
For more on the privacy-focused future of advertising, check out our talk.
With the goal of optimizing ad spending for ROI, marketers want to save time and money to ensure efficiency. That being said, many differing situations require varying needs when it comes to advertising platforms. Self-service platforms enable advertisers full control, where transparency is right at the tip of their fingers. When advertisers have the freedom to book their own campaigns, not only do they get an intimate, full-control experience, they also have the “natural” space to trial different aspects and elements within their campaign process. This includes budget, targeting, and creative adjustments.
For more on our self-service OTT platform, speak to a member of our team.
Backed by over 20 years of experience in the ad space, Digital Remedy is a leading digital media partner for advertisers looking to maximize their advertising efforts. We provide unique targeting tactics to extend reach beyond linear, connecting with the right audience, in the right mindset, as well as granular attribution and reporting to understand the true impact of every variable within your campaign.
Digital Remedy offers performance-focused solutions, where brands gain access to a sophisticated reporting dashboard to monitor their campaigns on multiple channels, and real-time insights to optimize towards the KPIs that matter most. In addition to optimization, and granular, transparent bottom-funnel reporting, Digital Remedy provides a new standard in tracking, transparency, and results that will maximize your marketing efforts and optimize your 2023 ad budget.
Ready to turn these trends into actionable concepts for your 2023 media plan? Speak to a member of our team.
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