2024 is shaping up to be the worst year yet for political advertising saturation.
The Wall Street Journal claims that Americans are already protesting against the avalanche of text texts from political campaigns (as well as scammers). However, the torrent of campaign messaging will also reach TV screens, email inboxes, and anywhere else ads are displayed.
Political campaigns have flexible TV frequency caps, resulting in increased repetition. And, because streaming services have such limited frequency capping options, individuals will drown in political advertisements.
However, safeguarding the user experience is a politically sensitive topic for cell carriers and email providers, as they risk facing backlash if they enforce their own standards.
Verizon, T-Mobile, and AT&T faced criticism from the Trump campaign and Republican officials in 2020 after each provider detected and halted a Trump text-based fundraising effort during a July 4 push. Meanwhile, Google has faced criticism for unfairly screening conservative emails as spam, particularly Trump campaign messaging.
Mobile carriers and email service providers have mostly agreed to Republican demands to allow political messages that would otherwise be censored.
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The most recent ad tech startup is here. Gigi, an Amazon streaming TV ad shop, is being launched with investment from Aperiam, a very active VC firm run by ad tech veterans, and Heracles Capital, helmed by Eric Seufert of Mobile Dev Memo.
What’s interesting is Gigi’s specific emphasis on Amazon. Advertisers upload first-party data to the Amazon Marketing Cloud, which includes clean room and ID resolution services built on AWS but managed by the Amazon Ads business. According to Founder and CEO Adam Epstein’s LinkedIn article, Gigi then targets Amazon DSP advertisements as well as Amazon-owned merchandise. Amazon streaming TV ad exposures can be linked to Amazon purchases or sales on a DTC Shopify website.
That sounds like a service that Amazon could and should provide, if it doesn’t already. But the major platforms have essentially abandoned services. As a result, startups like MightyHive, Adswerve, and Jellyfish have found success in providing services expressly for advertisers using Google technologies, such as Ads Data Hub.
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Because cloud data analytics can necessitate data science and querying language expertise that many brands lack, service providers play an important role. And that isn’t Google or Amazon.
“C”-ing Eye to Eye.
CFOs and CMOs, like cats and dogs, are considered natural adversaries – but if improbable animal friendship movies have taught us anything, it’s not to take such preconceptions too seriously.
According to Adweek, NewtonX’s most recent survey indicates that the majority of CFOs are satisfied with their company’s CMO’s performance (including marketing budgets).
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Although CMOs have a reputation for leaving soon, their average tenure at Fortune 500 businesses is closer to that of CFOs than you might think, at 50 months and 54 months, respectively.
So, how do both sides resolve their issues and work together? CMOs appear to be improving their financial knowledge and capacity to calculate ROI, which is more important to a CFO than viral moments or any other flashy item.
“You could argue that 25 years ago, marketing did not require a lot of quantitative skills,” says Patiwat Panurach, VP of strategic insights and analytics at NewtonX. “Today, it’s a totally different ball game.”
But wait, there is more!
Interpublic is investigating the sale of digital agency R/GA to India’s Tata Consultancy Services.
Streamers are doing their best to retain subscribers, but the results are varied.
Marketers’ post-cookie preparation has declined by 23% since 2022.
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