Why 2024 Should Be a Great Year For Advertising - But Not for Everyone
Jan 10, 2024
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Ad consultancy expert Brian Wieser discusses the state of the ad market, emphasizing the need for TV to adapt to new advertising methods. The podcast explores the imbalance between digital platforms and traditional advertising, the growing demand for accountability and performance, the challenges faced by TV, and the slow growth of game advertising.
TV needs to change its philosophy and products to keep up with tech platforms and retail media.
Traditional advertising strategies may not align with current trends focused on performance and accountability, requiring advertisers to adapt.
Deep dives
The Ad Market and Unequal Distribution
While the overall ad market has been positive, it is not evenly distributed, with digital platforms and opportunities in Chinese cross-border advertising and retail media networks experiencing more growth. Advertisers need to adapt to changes and demands in the market, as traditional strategies may not align with the current trends focused on performance and accountability.
Television's Challenges and Performance-Based Media
Television is facing challenges in adapting to the evolving advertising landscape. While it has traditionally been a strong medium for brand building, its growth is limited by its focus on brand-based metrics and lack of non-video products. The rise of performance-based media, such as retail media, is driven by its accountability and effectiveness in delivering measurable results. TV networks may need to partner with retail media companies and explore new product approaches to remain competitive.
Gaming Advertising and Retail Media's Dominance
Gaming advertising, despite its cultural significance and time spent by users, has not seen significant growth in advertising investment. There are challenges in finding effective and scalable ways to integrate ads in gaming experiences. Retail media, on the other hand, has emerged as a powerful player in the advertising industry, attracting significant investment. The growth in retail media is not solely from incumbents but also from new sources like Chinese cross-border spending, bringing new money into the advertising market.
Next in Media spoke with Brian Wieser, who runs the substack/ad consultancy Madison and Wall, about the state of the ad market, which is promising strong - but far from universal growth. One sector that needs to change its philosophy and products, says Wieser, is TV, which risks getting left behind by the tech platforms and retail media.
Guest: Brian Wieser
Host: Mike Shields
Sponsored by: Publica by IAS and Kochava
Produced by: Fresh Take
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