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Next in Media

Luma's Conor McKenna on the recent uptick in M&A, whether retail media shows any signs of slowing, and why ad tech is both consolidating and proliferating

Aug 22, 2023
Conor McKenna, partner at Luma Partners, talks about the recent uptick in M&A activity and ad spending growth. They explore the potential of retail media, the lack of innovation in CTV advertising, challenges and opportunities in the ad tech market, and intersections in the advertising industry.
30:13

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The ad tech industry is expanding its influence beyond advertising, with industries like retail and commerce players adopting ad tech to promote their brands.
  • Retail media, while valuable in its transactional nature, cannot replace upper-funnel advertising which requires broader spending and channels that drive brand awareness and reach beyond retail media.

Deep dives

Overview of the ad tech market and its growth potential

The podcast episode delves into the state of the ad tech industry, highlighting the significant growth potential driven by ad tech's expanding influence across various channels and platforms. The guest emphasizes how ad tech is increasingly 'eating the world' as more industries outside of advertising, such as retail, airlines, and commerce players, are adopting ad tech to promote their brands. However, the guest also discusses how fundamental changes, like cookie deprecation and shifting from third-party to first-party data, are impacting the ecosystem and driving consolidation. Companies are exploring new advertising opportunities, such as commerce media, CTV, and mobile in-app advertising, in response to these shifts.

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