Mike Fisher from GroupM US discusses challenges in measuring shoppable TV ads and the need for testing new ad units with upfront budgets. The podcast covers evolving ad formats like binge ads, pause ads, and choose your own ads, along with affiliate marketing's impact on the consumer journey. GroupM's Add Innovation Accelerator reimagines living room ad formats, balancing standardization and customization while exploring challenges in ad measurement and the rise of pause ads and interactive units.
Buyers should create their own benchmarks for new ad formats like shoppable TV ads.
Group M's Ad Innovation Accelerator focuses on enhancing measurability for interactive ad units.
Deep dives
CTV Publishers Creating New Ad Formats
Connected TV publishers are exploring new ad formats beyond traditional 15 and 30-second spots. Media buyers are considering these new formats and incorporating them into their investment strategies. Standards are being developed by Group M to enhance these ad formats, creating more engaging ad experiences.
Increasing Focus on New Living Room Ad Formats
Television has historically stuck to 15 and 30-second ad formats due to its time-based nature. With the shift to streaming, the concept of prime time viewing blocks has changed. This shift away from time-based scheduling has opened up opportunities for more engaging ad experiences like pause ads, interactive ads, and shoppable ads.
Challenges in Adopting New Ad Formats
Historically, measurement has been a challenge for newer ad formats beyond traditional TV ads. Group M's Ad Innovation Accelerator aims to address this challenge by focusing on deeper measurability for these ad formats. The accelerator program seeks to provide better insights into the impact and outcomes of interactive and dynamic ad units.
Enabling Adoption of New Ad Formats
The media industry is transitioning to more flexible ad models, moving away from traditional time-based requirements. This shift allows for the creation of more engaging ad experiences like pause ads, shoppable ads, and interactive ads in the living room. The goal is to offer viewers varied and customizable ad interactions while driving deeper engagement and blurring the lines between brand and performance ads.
Shoppable TV ads may encourage sales, but they lack the measurement and performance benchmarks advertisers expect. Buyers must create their own benchmarks – and can only do so by actually testing these new ad units, including with their upfront budgets, says Mike Fisher, executive director of investment innovation at GroupM US.
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