You think last week’s roundup was interesting? Then, take a look at this week. We got all the news and insights you should know.
Welcome to IGTV!
Last week, Instagram made two major announcements.
- The application has crossed 1 billion monthly active users mark.
- A new feature called IGTV has been released (as expected).
So, what’s IGTV?
“Our most exciting feature to date”
– Kevin Systrom, CEO, and Co-founder of Instagram.
IGTV is (a standalone app) by Instagram to watch and share long-form video content. Unlike 60 second videos on Instagram, users can upload videos up to 1 hour on IGTV.
In addition, the Instagram app itself would be able to launch IGTV. So, it’s up to the users to decide whether they want a dedicated app or not.
What’s so special about it?
At first, it may sound like yet another video sharing application/feature. But, it is made for the users of today.
Here’s what we mean:
Vertical Videos – Mobile first.
Channels are users – People you follow will be shown as channels.
Discover, Continue Watching, Commenting, Sharing, and more.
We’re in 9:16. We already know how consumers are hopping from text-based content to videos and are interested in vertical videos as it is native to the mobile environment. Obviously, Instagram doesn’t want to be left behind.
Youtube Vs IGTV
It’s on! In fact, IGTV is considered as the direct competitor to Youtube. But, Instagram hasn’t disclosed about the ads on IGTV yet. So, we have to wait for a few weeks as the company rolls the TV out.
Youtube woos Advertisers with its Creative Suite
As we all know, it’s been a hard year for Youtube. The ongoing content scandals and ad misplacements have significantly reduced advertisers’ love for Youtube. To make things worse, other video platforms have tapped on this opportunity to attract advertisers and users. (Vimeo reported 80% YOY growth).
But, Youtube had major plans and it is out now. At Cannes Lion, Youtube announced a set of new tools to attract the advertisers back to its hub.
Meet ‘Creative Suite’
- Video Experiments:
A testing tool to help publishers measure the impact of video creatives on key metrics like Awareness, Consideration, Purchase Intent, and more. In a line, use Youtube as a testing ground for your video creatives.
- Video Creative Analytics:
This tool goes beyond the usual metrics and lets advertisers see which elements in the creative worked well. For instance, logo vs product screenshot may have a different kind of impact on the audience.
- Director Mix and Video Ad Sequencing:
Creating various video elements and swapping them to optimize the result can be done without any difficulty now; with the help of director mix. Video ad sequencing guides advertisers, to put on an effective sequence thus, driving deeper relationship and brand awareness.
Are they live yet?
No, they’re in Alpha.
On the other hand, Facebook has been working on a set of tools and technologies to attract publishers and advertisers to its Watch.
Take away: As video ad spends continue to grow, the duopoly will dive deeper to hold and expand its ground on the market. Facebook has been rolling out Video Ads on its messenger too. So, as a publisher you should start offering quality video inventories to prevent duopoly from swallowing the majority of ad spends in the future.
The Ozone Project
It may sound like an initiative by the Environmental Organization. But, it is not!
The Ozone Project is an up-and-coming ad network formed by the largest media titles in the UK: News UK, The Guardian News and Media, and The Telegraph.
“This project has been driven by a shared ethos to create a channel for advertisers to gain direct access to publishers’ audiences at scale via a transparent and effective platform.”
– Dominic Carter, Group Chief Commercial Officer, News UK
What are they offering to the advertisers?
First-party CRM data, and
39.4 million unique users.
Why should you care?
In the middle of data scandals, privacy laws, and of course, the duopoly, it is becoming almost impossible for publishers to scale their ad monetization strategies. These kinds of partnership might make a dent on the duopoly and sprinkles a ray of hope across the globe for the publishers.
AR Video Ads
We’ve seen AR ads on Snapchat; teads.tv is about to bring it to publishers. Considered as the inventor of outstream video ads, teads.tv now plans to launch AR video ads in the outstream video ad environment.
At Cannes Lions 2018, the company showcased the demo of ‘Inread AR ad format’. With the help of which, advertisers and brands will be able to deliver the AR experience to the users.
“Augmented reality has burst into public consciousness through apps like Pokemon Go, with more people familiar with this new technology. Teads inRead AR will give brands a way to interact with consumers in this much deeper and more personal way, that makes advertising more exciting.”
– Bertrand Cocallemen, Teads Studio Global Creative Director
The AR ad format lets the user interact with the ads. For instance, you can try a pair of glasses without downloading any apps or leaving the browser/web page.
The Numbers are HIGH
What’s more interesting is, teads.tv has a global reach of 1.2 billion unique users. Thus, brands would be able to deliver better ad experience to a massive user base.
Furthermore, brands are willing to provide a unique/fresh experience to the users on the Internet. As you could see, typical banner ads will never be able to hit the impact made by an AR ad. However, it’s not for everyone (Think about the technical requirements, page load speeds, network limitations, etc). As we always say, there is no one-size-fits-all in digital advertising.
Let’s end our roundup with a fact.
It’s hard to really understand the jargons and acronyms of adtech. That’s why we are running a decode series to help you interpret the adtech like never before. All you need to do is sign up.