Today's Must Read - Cannes Q&A: New York Times CEO Calls For Ad Tech Reform
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Today's Must Read
[Cannes Q&A: New York Times CEO Calls For Ad Tech Reform](
"It should be fairly obvious that the actual human reaction to an ad is about more than just being correctly targeted. The mood state, the environment, the context and the straightforward reputational concerns [should matter more]" said CEO Mark Thompson. [More](.
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News Round Up
Amazonâs Magic Wardrobe
Amazon is ramping up the retail fashion arm of its Prime business in a big way. Subscribers will be able to order from three to 15 articles of clothing, try them on, send items back and only pay for ones they keep. Itâs a brutal way to undercut subscription ecommerce fashion services like Stitch Fix and Rent the Runway, which need to extract fees on shipping and curation â as well as from users who return everything. For Amazon, getting people to become Prime subscribers is its own reward. Instead of using fees as a stick to guarantee a minimum sales threshold, Amazon will offer a carrot in the form of tiered discounts to those who keep three to four or more than five items. And if the company demonstrates sales (and it probably will), itâs going to seriously juice ad budgets from the kind of fashion brands that are a pillar for Instagram. [More at The New York Times](.
Omni-Potent
Speaking of Amazon, with 300 million customers, its shopper data is the envy of many. And with Whole Foods now under its belt, that distinction becomes even clearer. âAmazon for years has been looking for more ways to gather information about how consumers shop,â [writes]( The Wall Street Journal. Owning Whole Foods will allow Amazon to marry its online purchase data with offline sales data. From there, it can figure out how to nudge online shoppers into making more impulse buys and thereby attribute more value to any marketing across Amazon properties. Focusing only on the retail category âmisses the deeper and more disruptive strategic dynamic that powersâ everything Amazon does across categories, writes Bob Evans at [Forbes](.
Big Idea, Small Canvas
Ads are getting shorter â even on TV. Fox Networks Group announced at the Cannes Lions festival on Monday that it would introduce Googleâs six-second bumper ads to its digital and TV content. Fox will use the six-second format for all ads within its original content series on FX. Shows will begin with a âbrought to you byâ sponsor message and use shorter, sequenced creative messaging throughout the show, said Joe Marchese, president of advertising revenue at Fox Networks Group, speaking at a press briefing in Cannes. âWeâve been very vocal [that] the role of modern monetization is not to maximize revenue,â he said. âItâs to maximize revenue and UX. Thatâs 100% aligned with the six-second spot.â [More at The WSJ](. (AND: [()
Turn Of Events
Brands have been wringing margin out of their advertising agencies, and itâs forcing agencies to trim where it hurts most: industry awards. One of Publicis Groupe CEO Arthur Sadounâs early marks on the company will be a new rule forbidding all agencies from paying to participate in industry awards or trade show promotion. An internal memo from Frank Voris, CEO of Publicis financial services unit Re:Sources, says he expects the savings to help his group clear a 2.5% cost-cutting goal for 2018, reports Patrick Coffee at Adweek. Publicis hasnât provided any details on the plan, and Sadoun refused to say whether the company would be back at Cannes next year. [More](.
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[Phunware Partners With Lotame For Mobile Data]( - release
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[Tapad Names Varun Gudiseva VP Of Market Development, Analytics]( - release
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Podcasts
[AdExchanger Talks Episode 31:]( GroupM's Kieley Taylor
[AdExchanger Talks Episode 30:]( Spotify's Les Hollander
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[AdExchanger Talks Episode 24:]( Bloomberg's Keith Grossman
[AdExchanger Talks Episode 23:]( DataXu's Mike Baker
[AdExchanger Talks Episode 22:]( VideoAmp's Ross McCray
[AdExchanger Talks Episode 21:]( Merkle's John Lee
[AdExchanger Talks Episode 20:]( Jounce Media's Chris Kane
[AdExchanger Talks Episode 19:]( Essence's Andrew Shebbeare
[AdExchanger Talks Episode 18:]( The New York Time's Sebastian Tomich
[AdExchanger Talks Episode 17:]( Beeswax's Ari Paparo
[AdExchanger Talks Episode 16:]( Forrester's Melissa Parrish
[AdExchanger Talks Episode 15:]( Omnicom's Jonathan Nelson
[AdExchanger Talks Episode 14:]( mParticle's Michael Katz
[AdExchanger Talks Episode 13:]( Wunderman's Seth Solomons
[AdExchanger Talks Episode 12:]( Sourcepoint's Ben Barokas
[AdExchanger Talks Episode 11:]( Drawbridge's Kamakshi Sivaramakrishnan
[AdExchanger Talks Episode 10:]( The Trade Desk's Jeff Green
[AdExchanger Talks Episode 9:]( PubMatic's Kirk McDonald
[AdExchanger Talks Episode 8:]( IPONWEB's Nate Woodman
[AdExchanger Talks Episode 7:]( Cadreon's Erica Schmidt
[AdExchanger Talks Episode 6:]( Integral Ad Science's Scott Knoll
[AdExchanger Talks Episode 5:]( Annalect's Erin Matts
[AdExchanger Talks Episode 4:]( MediaMath's Joe Zawadski
[AdExchanger Talks Episode 3:]( Google Vet Brian Adams
[AdExchanger Talks Episode 2:]( Nielsen's Lynda Clarizio
[AdExchanger Talks Episode 1:]( GroupM's Brian Lesser
Events
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