8
April 2024
Mirriad Advertising
plc
("Mirriad" or the "Company")
Programmatic partnership with
TripleLift to scale in-content advertising
Agreement is key to
accelerating programmatic sales in the US and
beyond
Mirriad, the leading in-content
advertising and virtual product placement company, is pleased to
announce that it has entered into a strategic agreement (the
"Partnership") with TripleLift Inc. ("TripleLift"), which operates
a supply-side platform ("SSP") for advanced ad formats that
processes over one trillion monthly ad transactions across
online video, connected television and other
channels.
As part of the Partnership,
TripleLift's SSP will facilitate automated selling of in-content
inventory from Mirriad's growing number of supply partners into
leading media buying platforms such as Google's DV360 and the Trade
Desk. This will give advertisers and media buyers the ability to
buy this inventory in their programmatic platform of
choice.
The programmatic model is the pivot
to scaling the in-content format as a new standard across the
digital ad-buying ecosystem. Programmatic ad buying utilises
algorithms and technology platforms to automate buying, placement
and optimisation of digital media inventory on a massive scale,
making the process more efficient, precise and expandable than the
traditional 'manual' processes Mirriad has used to date, especially
for broadcast TV inventory.
Together, the two companies aim to
create a marketplace that includes content from leading
entertainment media conglomerates as well as a wide range of
diverse-owned and targeted content partners across a range of
digital video formats, including connected TV ("CTV"), video on
demand ("VOD"), and free ad-supported streaming
("FAST").
Mirriad and TripleLift will continue
to monetise their unique services via the respective fees generated
from inventory transactions.
Stephan Beringer, CEO at Mirriad, said: "It's exciting to take this next step on the path
towards programmatic in-content advertising, which is a game
changer for the industry and Mirriad revenues. This partnership
establishes our connection to nearly all the world's leading
demand-side platforms, offering advertisers an automated way to
purchase in-content placements on their preferred platforms,
targeting key audiences within Mirriad's expanding network of
partners.
"Following recent agreements with US
entertainment 'majors' and 'super majors', and the programmatic
testing with partners and content distribution platforms over the
last 18 months, we are a key step closer towards a 'plug-and-sell'
proposition which will accelerate adoption and scaling. Working
with TripleLift, a leading ad tech platform that is truly
elevating digital advertising through high quality
inventory, data, and smart targeting, means Mirriad can
offer existing and new content partners an integrated programmatic
solution.
"Mirriad's high-performing format
will move to the centre of the programmatic ecosystem at a moment
when advertisers are looking for more inventory to effectively
reach mass audiences in the age of streaming. The ability to
monetise new content from our entertainment partners now becomes
much easier, beyond what was possible previously."
ENDS
For further information please
visit www.mirriad.com
or contact:
Mirriad Advertising plc
Stephan Beringer, Chief Executive
Officer
Nic Hellyer, Chief Financial
Officer
|
c/o Charlotte Street
Partners
|
Nominated Adviser & Broker:
Allenby Capital Limited
James Reeve/Lauren Wright (Corporate
Finance)
Guy McDougall/Matt Butlin (Sales and
Corporate Broking)
|
Tel: +44 (0)20 3328 5656
|
Financial Communications:
Charlotte Street Partners
Tom Gillingham
|
Tel: +44 (0) 7741 659021
|
Notes to Editors
About Mirriad
The leader in virtual product
placement and in-content advertising, Mirriad's multi-patented and
award-winning platform dynamically inserts products and brands into
Television, SVOD/AVOD, Music, and Influencer content. Mirriad
creates net-new revenue opportunities for content owners with an ad
format that virtually integrates brands in entertainment content,
drives exceptional performance for advertisers and dramatically
improves the viewing experience.
Mirriad currently operates in the
US, Europe, and India.
About TripleLift
TripleLift is an advertising
platform on a mission to elevate digital advertising through
beautiful creative, quality publishers, actionable data and smart
targeting. Through over 1 trillion monthly ad transactions,
TripleLift helps publishers and platforms monetize their
businesses. Its technology is where the world's leading brands find
audiences across online video, connected television, display and
native ads. Brand and enterprise customers choose TripleLift
because of its innovative solutions, premium formats, and
supportive experts dedicated to maximizing their performance. It is
part of the Vista Equity Partners portfolio. As an NMSDC certified
minority owned business, it qualifies for diverse spending goals
and is committed to economic inclusion. Further information on
TripleLift is available at
triplelift.com.