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After 10 straight months of ad spend declines, what’s next for the industry?

Elsewhere, titans of the ad industry are under threat. Nielsen’s hold on the TV measurement market is being challenged. A coalition of networks is striking their own measurement partnerships with competitors like iSpot. While a multicurrency environment may be healthier for TV, it also means advertisers have to adjust to different measurement and tech for each network they work with.

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The streamers where brands are allocating upfront spend

Hulu was the star of upfront streaming spend in iSpot.tv’s March survey, with 74% of brands and advertisers saying they were allocating spend to the platform. YouTube TV also had a huge showing, with almost half (48%) of respondents saying they were assigning spend to it. Peacock, Roku, and Paramount+ rounded out the top five.

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How Gen Z shops and buys in 5 charts

Of all the generations, Gen Z is most likely to spend on brands they love, with 64% indicating they would pay more to shop with brands they’re loyal to, according to Cheetah Digital. But 71% also said they’d buy from competitors, suggesting that other factors are at play (like price or convenience) when it comes to purchasing decisions.

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Nielsen’s Media Rating Council suspension isn’t the only threat to its TV ratings dominance

No love lost: This week, measurement panel firm TVision raised $16 million in funding led by Nielsen competitor iSpot as part of its attempt to become a viable alternative. The timing is auspicious: The Video Advertising Bureau (VAB), the TV networks’ industry trade body, is currently in discussions with the Association of National Advertisers (ANA) to create a rival panel similar in size to that of Nielsen that competitors could use—and TVision is poised to become that provider.

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Netflix strikes measurement deal with DoubleVerify, Integral Ad Science

Having a third-party verifier is standard practice, but is now more important than ever given the recent string of fraud issues across digital advertising. A report from iSpot found that connected TV ads were running while devices were off, costing advertisers $1 billion. Similarly, podcasting’s effectiveness was thrown into question when some major networks were revealed to have millions of fraudulent listeners.

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Roku’s Q2 throws CTV’s future into question

Advertisers may have scrambled to get in on CTV advertising, but news during the second quarter cast doubt on the market. A June report from iSpot and GroupM found that CTV impressions were grossly miscounted, costing advertisers $1 billion on ads that ran while devices were turned off.

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