Nexxen, a global, unified advertising technology platform with deep
expertise in video and Connected TV ("CTV"), today shared momentum
of its Cross-Platform Planner among broadcasters, as well as new
functionality as a result of ongoing technology investment.
Launched in April, the planner enables advertisers to optimize
cross-screen video campaigns while maximizing reach across
broadcasters’ inventory, substantially advancing the ad buying
experience. Further streamlining the process, the new addition of a
first-of-its-kind Auto Budget Allocation feature facilitates budget
fluidity across linear and digital, and within a broadcaster’s
portfolio, through a single step, to achieve maximum media
efficiency across a broadcaster’s entire footprint.
Nexxen’s Cross-Platform Planner uses advanced,
unified data sets to provide holistic cross-channel optimization –
across linear and digital – ultimately overcoming silos and
reducing waste. Early adopters of the tool, A+E Networks, FOX Corp
and soon TelevisaUnivision, are maximizing advertisers’ working
media at a time when many brands and agencies are building
strategies to reach consumers across screens.
“Helping advertisers optimize their cross-screen
video campaigns across our inventory is one of our top priorities,
and Nexxen’s Cross-Platform Planner is assisting us in delivering
this optimization like never before,” said Roseann Montenes, Head
of Strategic Audience Solutions/Partnerships and Alternative
Currency Measurement, A+E Networks. “There are few, if any, tools
in the market that blend linear and digital audiences together like
the Cross-Platform Planner, and we’re excited to see the ways in
which it allows our advertisers to connect with our viewers without
duplication and at scale.”
“As cross-screen viewing accelerates, it’s
essential that we continue to provide the necessary tools and
technology to simplify all aspects of planning, targeting and
measuring for our agency and advertising partners across the entire
FOX Corp portfolio,” said Darren Sherriff, VP Advertising
Technology Solutions, FOX Corp. “Nexxen’s suite of buy- and
sell-side technology, and the cutting-edge Cross-Platform Planner,
provide us with enhanced tools that allow advertisers to optimize
their campaigns across our leading portfolio and deliver on the
promise of true cross-screen, effective frequency management in a
more efficient and easier manner.”
“Our entire industry is searching for tools that
allow for ultimate flexibility in planning across linear and
digital, which is exactly what Nexxen's Cross-Platform Planner
brings to the table,” said Brian Lin, SVP of Product Management,
Advertising, TelevisaUnivision. “With it, broadcasters like us can
offer advertisers cross-screen planning from dollar one, so they
can reach audiences more efficiently than ever.”
While Nexxen’s Cross-Platform Planner was
initially equipped to solve for unduplicated reach across linear
and digital given a fixed budget split, the new Auto Budget
Allocation feature delivers automatically allocated budgets, down
to the dollar, across a client’s entire portfolio of assets, while
considering advanced audience targeting, business objectives and
constraints, such as those based on impressions or CPMs. Now,
broadcasters can balance a buyer’s preferred outcome with their own
optimal yield management; soon, buyers will be able to access the
tool as well, where this ability is even more critical when
activating across an array of inventory types and across multiple
sellers.
“We’re thrilled to see the momentum we’re
gaining across the platform and particularly with our
Cross-Platform Planner, as broadcasters realize what a game-changer
this tool can be both for their monetization, and the advantages
and efficiency they can offer their advertisers. Post-rebrand to
Nexxen, we continue to invest in our technology and greatly value
the support and feedback we’re getting from our clients as we do,”
said Kenneth Suh, Chief Strategy Officer, Nexxen. “One example of
this investment is the Auto Budget Allocation feature, which we
believe answers the market need for greater fluidity and control
over spend amongst streaming properties and enables more informed
scenario planning against strategic audience targets.”
In H1 2023, Nexxen grew its CTV revenue to $45.9
million, which reflected year-over-year growth of 17%.
About Nexxen
Under the parent company Tremor International
(AIM / NASDAQ: TRMR), Nexxen empowers advertisers, agencies,
publishers and broadcasters around the world to utilize video and
Connected TV in the ways that are most meaningful to
them. Comprised of a demand-side platform (DSP), supply-side
platform (SSP), ad server and data management platform (DMP),
Nexxen delivers a flexible and unified technology stack with
advanced and exclusive data at its core. Our robust capabilities
span discovery, planning, activation, measurement and optimization
– available individually or in combination – all designed to enable
our partners to reach their goals, no matter how far-reaching or
hyper niche they may be. For more information, visit
www.nexxen.com.
PR Contact:
Caroline Smith, Vice President, Communications, Nexxen
csmith@nexxen.com
Forward Looking Statements
This press release contains forward-looking
statements, including forward-looking statements within the meaning
of Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities and
Exchange Act of 1934, as amended. Forward-looking statements are
identified by words such as "anticipates," "believes," "expects,"
"intends," "may," "can," "will," "estimates," and other similar
expressions. However, these words are not the only way Nexxen (and
its affiliates) identifies forward-looking statements. All
statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking
statements, including without limitation statements regarding the
partnership with customers such as A+E Networks, FOX Corp and
TelevisaUnivision and any benefits thereof, our tech stack,
products (including the Cross-Platform Planner) and any other
offerings of Nexxen and/or any of its subsidiaries or affiliates.
These statements are neither promises nor guarantees but involve
known and unknown risks, uncertainties and other important factors
that may cause the Nexxen group’s actual results, performance or
achievements to be materially different from its expectations
expressed or implied by the forward-looking statements. Nexxen
cautions you not to place undue reliance on these forward-looking
statements. For a more detailed discussion of these factors, and
other factors that could cause actual results to vary materially,
interested parties should review the risk factors listed in Tremor
International’s most recent Annual Report on Form 20-F, which was
filed with the U.S. Securities and Exchange Commission
(www.sec.gov) on March 7, 2023. Any forward-looking statements made
by us in this press release speak only as of the date of this press
release, and we do not intend to update these forward-looking
statements after the date of this press release, except as required
by law.
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