Viacom Rolls Out New Ad Targeting Product Powered by American Express
May 17 2016 - 6:29AM
Dow Jones News
By Steven Perlberg
Networks are hawking more than their fall seasons at their
annual "upfront" presentations. TV companies want marketers and ad
buyers to know they have data chops, too.
To that end, Viacom is announcing a new data product in
partnership with American Express that the cable giant says will
let advertisers better target consumers across their stable of
networks like MTV, VH1 and Comedy Central. Viacom is unveiling the
product as broadcast network owners make their case to the
advertising community during the upfronts this week.
The tool, called Vantage Intent, will go beyond the company's
current suite of data products by using American Express' vast
trove of purchase data to help advertisers predict when consumers
might be in the market for a certain product, according to Kern
Schireson, executive vice president of data strategy and consumer
intelligence at Viacom.
Mr. Schireson offered a familiar example in the world of
targeted advertising: pet food. Dog food marketers understandably
try to use available data sets to target consumers who actually own
dogs. But Mr. Schireson says American Express can help Viacom find
viewers who are making purchases that foreshadow pet ownership,
like supplies for a new apartment, months before that viewer adopts
Fido.
"We can link it to what they are actually viewing and give a
solution that is quite unique," said Manish Gupta, executive vice
president of global information management and data products at
American Express. The data will be anonymized and pooled together
to protect privacy, he said, and Viacom doesn't get its hands on
anyone's personal information.
Viacom is among a handful of TV companies boasting that they can
offer marketers and advertisers targeting capabilities that compete
with the digital world. But most television ad inventory is still
bought and sold the old-fashioned way, based on traditional TV
ratings that figure for only broad categories like age and
gender.
Viacom, in particular, has promoted its data-targeting abilities
amid those gloomier trends in the pay-TV business, like falling
ratings and cord-cutting. In March, Viacom signed a deal with
measurement specialist comScore to help power its targeted
advertising products. Viacom's advertising revenue in the U.S. fell
5% in the latest quarter.
The American Express deal "is more sophisticated and more
advanced than anything we've done before," Mr. Schireson said.
Write to Steven Perlberg at steven.perlberg@wsj.com
(END) Dow Jones Newswires
May 17, 2016 06:14 ET (10:14 GMT)
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