Tag: OTT Technology

Singapore – PubMatic has partnered with on-demand video streaming service iQIYI through the integration of PubMatic’s OpenWrap over the top (OTT) service.

The partnership has been motivated by premium OTT streaming services’ increasing adoption of programmatic strategies. This has allowed them to optimize revenue and improve the overall advertising experience for viewers. Hence, it gained PubMatic’s OpenWrap OTT popularity.

A key feature of OpenWrap OTT and PubMatic’s unified auction solution for OTT and CTV publishers is the expanded advertiser reach, increased revenue, and improved experiences for viewers.

Meanwhile, Frankie Fu, VP of international at iQIYI, expressed excitement about the impressive outcomes of implementing OpenWrap OTT, stating, “We are thrilled with the results we’ve achieved since integrating OpenWrap OTT. We observed an immediate uplift in bid requests and overall programmatic revenue. The PubMatic team collaborated closely with our Southeast Asia and China teams to identify the most effective monetization setup for our platform, ensuring a quick and efficient implementation.”

John Martin, senior director, OpenWrap, at PubMatic, also shared that they have been supportive of iQIYI’s exploration of the programmatic landscape over the years and that they are thrilled to assist them in their role as a flourishing global streaming platform, driving revenue growth through unified programmatic auctions.

The PubMatic and iQIYI International partnership, integrating OpenWrap OTT, marks a significant milestone in advancing programmatic technology for OTT streaming. This collaboration unlocks opportunities for revenue growth, expanded advertiser reach, and an enhanced viewer experience on iQIYI’s global platform.

Manila, Philippines – Local pay television provider Cignal TV has tapped Canadian software company Quickplay to aid them in the expansion of its existing video streaming service called ‘Cignal Play’, as well as the launch of a sports app–a first in the country.

The Cignal Play expansion will allow subscribers in the Philippines to access an all-in-one entertainment platform with multiple tiers of live and on demand content from Cignal TV, in addition to third-party apps and streaming services, regardless of their broadband provider.

The sports app, meanwhile, will use the same Quickplay infrastructure of Cignal Play on mobile and handheld devices. It will be a single source for live events, timely sports news and information, interactive experiences, and other unique content that cater to the varied interests of Filipino fans around the world.

Cignal TV is working with Quickplay to create these two market differentiators that will be launched in the coming months, running on Google Cloud.

Jane Basas, president and CEO of Cignal TV, said, “Streaming has given viewers greater control over a wider range of choices regarding the content available on the devices they use. The Quickplay platform has the agility and high performance that we need to quickly and efficiently provide the big screen viewing experience and live sports action that our subscribers want.”

Meanwhile, Goutham Vinjamuri, chief operating officer and co-founder of Quickplay, commented, “Cignal TV has been a leader in using the flexibility and extensibility of our platform to achieve market differentiation and better business outcomes. We look forward to helping Cignal TV unleash 10-foot Cignal Play experiences on smart TVs, as well as live sports coverage through their sports app in the near future.” 

He added, “We will continue to work with them to find new ways to forge meaningful connections among their subscribers and their commercial partners.”

Sydney, Australia – Independent omnichannel sell-side advertising platform Magnite has announced the launch of its singular supply side platform (SSP) Magnite Streaming, which combines technology from the Magnite CTV and SpotX platforms.

Magnite Streaming empowers media owners to maximise the value of their assets holistically across live and VOD inventory, CTV and OTT environments, and addressable linear, while gaining insights to more efficiently and effectively drive their businesses. 

Some of its CTV and OTT clients include Nine, TVNZ, Emtek Digital and Samsung Ads. Magnite Streaming also provides advertisers with unparalleled access to CTV and OTT inventory, audience targeting capabilities and real-time reporting.

The SSP’s features include comprehensive seller deal management capabilities to monetise all types of long-form video content, inventory curation tools purpose-built for video such as advanced podding, frequency capping and reserved/upfront inventory management, and multi-faceted audience activation features including seller defined audiences, third-party data integrations, and secure data matching, amongst others.

Juliette Stead, head of JAPAC at Magnite, commented, “Magnite’s combined expertise across all digital video formats makes us the strongest omnichannel technology provider for premium publishers to count on. Our experienced team is able to effectively address the diverse opportunities and challenges that arise in video advertising, having executed many exciting streaming video campaigns in partnership with leading broadcasters and streaming publishers throughout JAPAC, such as Nine, TVNZ, Emtek Digital and Samsung Ads.” 

She added, “Through Magnite Streaming, we’re reinforcing our commitment to address the unique needs of our clients and helping set them up for long term success to propel the progression of ad-supported CTV and OTT.”

The recent SSP launch comes after the recent news of Magnite’s global, two-year expanded partnership with Disney Advertising.

Sydney, Australia – Omnichannel advertising platform Kargo has acquired connected TV (CTV) and over-the-top (OTT) platform VideoByte, as part of the former’s mission to deliver differentiated interactions to audiences through various platforms.

With the partnership, VideoByte will be adding innovative CTV advertising technology to broaden Kargo’s offerings to its brand partners and their audiences.

VideoByte will likewise be providing Kargo with access to a large and growing footprint across the television ecosystem and new advertising products to be launched in the next few months to drive immediate innovation to Kargo’s current customers.

“We are thrilled to join the Kargo team and are in lock-step with their mission to develop uniquely differentiated ad experiences that grab attention and drive performance for publishers and brands alike,” said David Naffis, CEO at VideoByte.

He also added that Kargo’s growth, scale, and reputation as market innovator will help accelerate VideoByte’s go-to-market as it continues to push innovating new CTV formats.

Moreover, Naffis will also be joining Kargo as its general manager of CTV.

Harry Kargman, CEO and founder at Kargo, also commented on the acquisition, “Acquiring VideoByte is a clear next step in our growth and evolution. Kargo has been expanding across multiple screens and the Connected TV experience is calling for this kind of ad format innovation and disruption that Kargo has brought to the mobile screen.”

According to Kargman, VideoByte also shares Kargo’s mission and vision to create unique and performant ad creatives through its platforms. 

“With VideoByte, we will bring an amazing Kargo experience to Televisions everywhere and change the landscape with new capabilities while driving massive value and success for both brands and publishers,” Kargman concluded. 

Founded in 2020, VideoByte already has a presence in CTV and OTT with integrations across major media companies including Viacom, Tegna, and LG, amongst others.

Prior to VideoByte, Kargo also previously acquired cloud-based video technology SaaS company Ziggeo to beef up its video offering capabilities.

New Delhi, India – The Trade Desk, a technology company focused on empowering advertising buyers, has announced that it will be expanding its market to India. With this, it has also named its general manager for the market band, Tejinder Gill.

He will lead the company’s business and growth strategy in India, helping Indian brands and publishers unleash the full potential of the open internet where Indian consumers are increasingly spending their time.

The Trade Desk aims to help India’s digital marketers capture these fast-growing opportunities. With The Trade Desk’s industry-leading data-driven capabilities, marketers can access a marketplace of premium advertising inventory across a wide range of websites, apps, podcasts and streaming OTT platforms. 

As an omnichannel platform, The Trade Desk enables marketers to reach relevant audiences across different devices such as computers, mobile devices, tablets and connected TV, and engage with them meaningfully along their entire digital journey.

For Gill, digital is the fastest-growing advertising segment in India and, as a result, marketers in India are seeking more trust and transparency as they shift more campaign budgets there.

“While Indian consumers are spending 70% of their time on the open internet, almost 80% of India’s digital ad revenue still goes to the big tech platforms, which sit outside the open internet. The Trade Desk is here to bring the much needed data-driven decisioning and transparency to India’s digital advertising ecosystem, offering marketers a credible choice where they can tap into the immense opportunities of the open internet,” he stated.

Rapid digitization of the media industry has provided a paradigm shift in the way Indians consume content online. In particular, content consumption on the open internet has exploded in the last 18 months. According to a study by Global Web Index, Indians, on average, are spending as many as eight hours a day online – 70% of which is spent on the open internet, which includes online content, over-the-top (OTT) and music streaming.

Furthermore, the open internet grew at a much faster pace than other online channels, even social media. Online content and OTT streaming grew 28% and 16% respectively, while social media grew by a mere 1%.

On a separate note, The Trade Desk has recently teamed up with marketing cloud InMobi to cater to this growing need among marketers by making their respective platforms available to clients accordingly.

Manila, Philippines – The current state brought by the global pandemic has seen a rise in consumption of over the top (OTT) media, particularly in the Philippines, a new report by technology company The Trade Desk stated.

According to the report, 36 million consumers streamed about two billion hours of OTT content per month – making OTT one of the fastest growing media channels in the country. OTT services enable viewers to stream professionally-produced video content over the internet on-demand, from any device including smart TVs, personal computers, or mobile devices.

More than half, or 55 percent, of all Filipino OTT users report streaming more OTT content during the pandemic than before. These habits are likely to persist even in a post-COVID world as 65 percent say they plan to maintain or increase OTT consumption after the pandemic ends.

Mitch Waters, SVP of Southeast Asia, Australia, and New Zealand for The Trade Desk, supports the idea that the pandemic has accelerated consumer trends in making OTT the next big thing in the market of TV media consumption.

“The shift to OTT streaming in the region, and specifically the Philippines where more than half of viewers are turning to OTT than ever before at higher viewing rates than other countries in the region, demonstrates the undeniable inflection point for TV consumption that will most certainly never turn back to the way it used to be,” Waters stated.

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In terms of tuning in, 1 in 2 users prefer to tune in between the hours of 8 PM-12 AM, bringing streaming into direct competition with traditional TV for valuable primetime audiences. Filipino viewers are also looking to OTT for their favorite content, with 62 percent tuning in to OTT to watch their favorite programming versus just 54 percent on traditional broadcast.

Furthermore, more than 20 million Filipinos tune in to at least one ad-supported OTT platform, with 55 percent of all OTT viewers between 16-34 years of age, providing a new channel for brands to build relationships with this high-coveted demographic.

“As more young, engaged, and active Filipinos shift to OTT and are willing to view more ads, advertisers have an enormous opportunity in front of them. This provides an opening for advertisers to employ a data-driven approach with an improved advertising experience in a way that’s not possible with traditional TV,” said Waters.