The Digital Audio Opportunity, Stockholm 2014

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An update I gave to the Swedish radio industry about the opportunity surrounding Digital Audio in the UK market. Combining the power of entertaining radio programmes and production with the precision of first party data to enable targeted advertising and premium revenues. 2014.

Transcript of The Digital Audio Opportunity, Stockholm 2014

DIGITAL AUDIO 2014

Developments in • InStream • AdWave • DAX

InStream • February 27th 2012: Absolute Radio

became the first radio broadcaster to launch a new advertising model, which targets online, logged-in listeners based on their location, demographic and device

• Broadcast one-to-many

• Advertise one-to-one

1 32 4 5 61 2

■ Standard Ad Break■ InStream Ad Break

PREMIUM TARGETED ADVERTISING

• Target: 1.age 2.gender 3. location 4.device (eg desktop, mobile, OS)

• Companion visual • Clickable and interactive • Track effectiveness • Only 6 ads per hour, not 20

• CPM: £12 - £24 = 10 x traditional radio

1 2

■ InStream Ad Break■ InStream Brand Content

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THE ROLLING STONES

AUTOMOTIVE Average CTR – 0.43%

GAMING Average CTR – 0.78%

MUSIC Average CTR – 0.51%

TRAVEL Average CTR – 0.51%

INSTREAM GENERATED TWICE THE UNPROMPTED AWARENESS COMPARED TO AIRTIME

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61% InStream

32% Airtime

Base: Unprompted awareness, 300 airtime, 300 InStream

DAX:Digital Audio Exchange • Global Radio’s sales team

• ‘Ad Wave’ technology from AdsWizz

• Solving the problem of simplicity:

A single sales point to buy digital audio ads on over 30 traditional UK radio stations, music streaming platforms and audio social networks.

HOW DAX WORKS

• Advertisers buy on audience profile not by station or streaming service

• Campaigns are shared fairly across stations with the right audience by the AdWave exchange

• AdsWizz does the job of replacing the broadcast ads with the correct audio ads to online listeners

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WHY DAX IS GOOD FOR RADIO

• Drive new revenue from digital/online budgets not cannibalise radio ad revenue

• Enough scale to be treated seriously by advertisers

• Radio people educating media buyers about the power of audio and digital combined

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FURTHER DEVELOPMENTSIAB (internet Advertising Bureau) UK has set up an ‘Online Audio Council’ to promote the category

• Members include radio stations, pureplay streaming services, agencies and technology providers

• Research currently in the field to demonstrate the power of digital audio advertising

• Digital Audio definition: ”Any audio content played on connected devices”

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NEXT STEPS• I’ll be speaking at the RAIN Summit Europe – London

• Tuesday, November 4, 2014

• Bringing together advertisers and publishers

• Kurt Edwards, International Commercial Director at talkSPORT and Co-Chair of the IAB Audio Council: “Digital audio is gaining real momentum across Europe and this event will really open up the eyes of marketers and agencies to new opportunities.”

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THANK YOU@tonymoorey