Today's Must Read - Martin Sorrell Bets Amazon Will Reach $100 Billion In Ad Spend
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Thursday, October 18
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Today's Must Read
[Martin Sorrell Bets Amazon Will Reach $100 Billion In Ad Spend](
Amazonâs growing prowess in the ad space is fueled by search, where there will be a âbig, big warâ between Amazon and Google, Sorrell said. That war will extend into the home as both companies battle in the smart speaker space, a new terrain for search advertising. [More.](
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News Round Up
Easy Come, Easy Go Telco
Ooyalaâs management group has bought the company back from Telstra, the largest telco in Australia, which acquired the Silicon Valley OTT video technology startup in 2014. Telstra took more than $500 million in write-downs on the deal, acknowledging earlier this year that it had failed on the deal. The telco said it missed expectations because Ooyalaâs advertising technology business didnât take off, reports [TV Technology](. Telstra originally planned to IPO the startup, but shifts in the media and regulatory landscapes made that implausible. Some telcos are distancing themselves from their ad tech components, as with [Sprintâs sale of its mobile ad unit, Pinsight Media](, to InMobi, while others just flounder, like Norwegian telco Telenor, which took a write-down on cross-device tech vendor Tapad in 2016. Itâs possible Ooyala, which has a strong business in video delivery and infrastructure, will improve its ad tech prospects as an independent company. Itâs also actively exploring other acquisition opportunities, according to the [news release](.
Tools Of The Trades
The Advertising Research Foundation (ARF) has acquired the Coalition for Innovative Media Measurement (CIMM), a fellow industry trade group. ARF, founded in 1936, will incorporate CIMMâs work on cross-platform video measurement into its broader industry research initiatives. âThe expertise, knowledge and advancements that have been made by CIMM in cross-platform measurement and granular TV measurement will significantly enhance the current efforts by the ARF to ensure that media measurement is keeping pace with an evolving industry,â says ARF President and CEO Scott McDonald. [Read the release](. Ad tech and media M&A has been reflected in activity among industry trade groups this year, with the ANAâs acquisition of DMA and the IAB Tech Lab taking over DigiTrust.
Data Portal
Facebook backtracked on its claim that Portal, the smart home video device it launched last week, will not collect data to target users with ads on Facebook. The platform reached out to Recode Wednesday to amend its original statement that Portal data, such as call log or app usage information, will not be used for ad targeting. While Facebook still isnât clear if it will definitely use the data for targeting, Portal is built on the Messenger infrastructure and collects the same information as Messenger-enabled devices, so, technically, the data could be used for ads, according to a spokesperson. âI think [my colleague] was intending to say that we donât intend to use it,â said Rafa Camargo, Facebookâs product VP in charge of Portal. âPotentially, it could be used.â [More](.
Tastes Like Funding
The cooking video company Tastemade raised $35 million Wednesday in its fifth round of funding. The company, known for its hands-in-pans cooking videos on Facebook and Instagram, will use the funds to grow its ad sales team and expand into new verticals, such as travel and home, The Wall Street Journal reports. Earlier this year, Tastemade launched a streaming channel with over 200 hours of original programming available as a standalone subscription or as part of a skinny bundle. For advertisers, Tastemade offers audience insights based on data from its video viewership. The publisher inked a deal with Subway this year to use its data to develop and market new sandwiches, for instance. âWeâre creating original programming,â said co-founder and CEO Larry Fitzgibbon. âWeâre testing out new ideas. Weâre pushing them out to the audience and [in] real-time. And weâre providing insights based on that to our partner.â [More](.
But Wait, Thereâs More!
- [Google Will Charge Phone Makers To Pre-Install Apps In Europe]( - WSJ
- [YouTube Now Counts Action Ad âEngagementâ At 10 Seconds, Not 30]( - Marketing Land
- [First-Price Auctions Are Driving Up Ad Prices]( - eMarketer
- [Dominoâs In-House Tech Push Has Helped Increase Online Orders]( - Digiday
- [Facebook: Increasing Transparency For Ads Related To Politics In The UK]( - blog
- [Amazon Doles Out Freebies To Juice Sales Of Its Own Brands]( - Bloomberg
- [Kiip Launches Blockchain Council]( - release
- [Apple Launches New Privacy Site To Find Data It Has On You]( - CNBC
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