Our Aim Is To Replace The Insertion Order: TubeMogul Boss
TubeMogul CEO Brett Wilson, has declared war on the humble insertion order (IO), a feature of the industry nearly as old as advertising itself.
The goal of Wilson’s ad software company is to create a “one-stop shop for media planning and buying” that will stop agencies and advertisers buying through IO’s. At least, that’s his hope.
Brett Wilson (pictured below) founded NASDAQ listed company TubeMogul after winning US$22,500 in a business plan competition at Berkley University back in 2007. Today in San Francisco, he shared his thoughts on media planning/buying and where it’s headed.
“One thing I’ve always thought funny is that in any given ad agency lobby, there’s a ton of sales people. And they all know each other. Because that’s how media is bought. The prevailing process is that a brand has a problem or a product launch, they go to the agency and write up a two-page request for proposal (RFP).
The RFP is distributed to hundreds of publishers, based on who they know, and then you get all these proposals. You have to try to de-duplicate them, figure out who you’re going to buy and then the fun starts, you have to send each one instructions, ad tags, the campaign runs. It’s crazy the way that it’s done.”
Wilson claims that along with fragmentation of audience, this problem of ad buying being really complicated, is the problem that TubeMogul software solves.
“Think of what we do as automating things that used to be really manual with respect to executing planning and buying ad buys. The same thing that used to take a couple of dozen people to do, it now only takes a couple of people.”
Programmatic technology means that “it’s gotten a lot easier than that world with all those sales people in the lobby of an ad agency”.
“We have always believed you scale a lot more with a software business instead of an insertion order business where you’re battling for $100,000 campaigns in a knife fight for every single campaign. We’re going into an agency or advertiser that buys this way and we’re selling a piece of software that they use to stop buying through IO’s hopefully and we’re going to see a lot more of this software.”
Where next?
The TubeMogul CEO shared his plan for where his company was headed. “In terms of where it’s going, just two years ago, in the summer of 2014, 95% of our ad dollars that went through our software were digital video ad dollars.
“An advertiser would use our software and use another piece of software to buy display and another piece of software to buy social. In those early years of programmatic, people looked for best of breed platforms. Now there’s really a desire for one platform that does it all. We’re trying to be the one platform to rule them all.”
In the past two years, TubeMogul has added mobile video and display with a strong focus on brand safety and transparency. The fastest growing part of their business is mobile with 146% growth in Q2 of this year. It has also added linear TV, giving agencies and advertisers the ability to plan and buy what we think of as traditional TV through software and are seeing a lot of traction in Australia.
Wilson added that 2016 has been exciting. “We’ve added Facebook, Instagram and Twitter to the software. We announced a partnership with Snapchat that goes live in Q4. And then we added Native, ads that are rendered to look natural with the publisher site.”
Plus it is already working on a digital out-of-home offering in Australia and programmatic radio with the promise of an offering in both by next year.
The end goal is to create a true cross-screen platform for planning and execution and TobeMogul has moved more upstream into planning with new tools built into the platform.
Brands and agencies will be able to input their reach and frequency goals, along with owned data and who they are looking to target. The tool will then recommend a plan across all screens to reach your audience most efficiently. It can also use data from previous campaigns, upload existing plans and take commitments into account.
So where do media agencies fit into this IO-free world?
Wilson maintained that he is not trying to get brands to take the software in-house but sell with agencies. But he admits that it’s uncomfortable. “We’re not trying to go around them and we do invest in significant training programs to help agencies.”
Today’s earlier announcement that Pernod Ricard is moving its ad buying in-house thanks to TubeMogul will do little to assuage the discomfort.
Please login with linkedin to comment
Advertising Standards Bureau Brett Wilson Exclusive MasterChefLatest News
TV Ratings (18/04/2024): I’m A Celebrity Wins Prime Time And Key Demos
Aussie viewers can be a harsh lot at times. Only days after Ellie Cole bled her heart out, she has been sent packing.
Effie&co Launches New ConnectAsia Division To Help Aussie Brands Market To Asian Consumers Overseas & At Home
Not provided is advice on using chopsticks and not spilling ramen down your shirt.
Cashrewards Sets Out Stall For New CMO
Thinking of applying for the Cashrewards CMO gig? Here are some insider tips that, yes, are tantamount to cheating.
‘I Ask For The TV Industry To Stand Up And Defend Itself’ – Seven Boss James Warburton Steps Down
The Seven supremo heads for the exits after five years. Here's hoping the Spotlight team organised the farewell bash.
Poh! Jamie! Adriano! Paramount ANZ reveals its tasty plans for this year’s MasterChef
It's your fan's guide to this year's MasterChef! Although no tips on how to pronounce crudités or use a un fait-tout.
Dentsu’s iProspect Partners With MOOD Tea Ahead Of May Campaign Launch
We love a Mood Tea here at B&T. Although we do store old screws and nails in the International Roast caterer's tin.
Opinion: When Culture Starts Eating Itself: Navigating The Age Of Self-eating Nostalgia
Born boss David Coupland asks is adland going through a nostalgia period? But please, no repeats of Best Of Red Faces.
Who’s Going To Cannes?! The TikTok Young Lions Winners!
It's Aussie adland's next gen! They're off to Cannes with high hopes of bringing back a Lion & a foot-long Toblerone.
Adobe Launches Express Mobile App With Firefly AI
Want to be the coolest kid at Friday staff drinks but forgot your retro Nikes? This new Adobe wizardry may do the trick.
ThinkNewsBrands & IMAA Extend News Publishing Education In Brisbane
Industry duo takes its publishing roadshow to Brisbane. Was disappointed no male attendees were wearing walk socks.
B&T Chats With Wavemaker’s Provocative Pioneers On Their Cross-Pacific Sojourn
B&T TV heads to Wavemaker's Sydney digs to interview two staffers from its New York & LA digs. If that makes sense?
HoMie & Champion Launch “Give One. Get One” Campaign Supporting Youth Homelessness Via Town Square
Much like the fête's prized chutney wears a blue winners sash, so too should this top initiative from HoMie & Champion.
Thinkerbell Takes Us Back To Summer In Latest Work For XXXX
This beer ad wants to take you back to summer! Just minus any chance of a shark attack on your morning bus commute.
Cannes Lions Unveils 2024 Programme Featuring Queen Latifah, Jay Shetty & P&G’s Mark Pritchard
Are you one of the lucky ducks heading to Cannes in June? Check out the headliner acts you'll be queueing hours to see.
Scroll Media Recruits Costa Panagos From Twitch
Costa Panagos set to bring South American flair to the Scroll offices. Assuming that he is, indeed, South American.
Year13, Microsoft & KPMG Australia Launch AI Course For Gen Zs
Born around the 2000s? Need to amp up your AI creds? This guide's for you (although it's not really that age specific).
General Motors Snares Heath Walker From Scania
Do you rage about oversized American cars on our roads? You need to bail up Heath Walker at parties & industry events.
VML Launches New “Envoyage” Brand For Flight Centre
VML unveils new brand for travel operator Flight Centre. Alas, no sign of those paid actors pretending to be pilots.
Subaru Places Media Account Up For Review
Subaru puts media up for review, as adland journos get set for mandatory "agency drives off with..." headline.
TV Ratings (17/04/2024): Contestants Faced With Harsh Realities As Alone Australia Heats Up (Or Cools Down)
Alone still doing the business for SBS. Overly long train journeys not doing the business, but they persist anyway.
Ben Fordham Loses Number One Spot As Ray Hadley Celebrates 156th Ratings Win
The radio numbers are in! Discover who's off for a boozy lunch today & who's waiting for the dreaded HR death knock.
Gourmet Ice Cream Brand Connoisseur Launches New “Thrill Your Senses” Iteration, Via SICKDOGWOLFMAN
Rattling the old "truth in advertising" adage comes this ice-cream spot full of noticeably thin people.
Paramount’s Global Sales Boss: ‘Australia’s Converged Model Is A Blueprint For How I’d Like All Of Our Markets To Be’
Paramount's global sales boss gives local sales ops the thumbs up. Didn't weigh-in on the Lisa Wilkinson debacle.
TikTok Starts Testing Its Instagram Rival In Australia
In exciting news for piano playing cats & brattish pranks in shopping centres, TikTok unveils its Insta rival plans.
Man Wrongly Named By Seven As Bondi Killer Hires Lawyers
Struggling to save for a house deposit? Why not get wrongly identified by Sunrise!
Smartsheet Appoints Indie Agency Sandbox Media To Its Media Account
Can't stand your colleagues? Like to dob them in when they miss a deadline? These work management platforms are ideal.
Boss Not Letting You Come To Cannes In Cairns? Use This Business Case To Convince Them!
Stingy boss won't spring for a ticket to Cairns? Add this to your persuasive argument repertoire. Or grovel.
Alt/shift/ Brisbane Builds Portfolio With Ausbuild Creative, PR, Content & Social Account Win
The Brisbane comms/PR agency lands constructor Ausbuild. Also hoping for a discount on its new glass conservatory.
Young Guns Versus The Old Guard: Who Adds More Value to Our Industry?
Cannes In Cairns poking this hornet's nest in a lively debate. Just so long as the oldies can get up the stairs.
70% Of Aussies Don’t Have Green Power Plans ENGIE Says In Major Brand Campaign Via HERO
Are you the notorious "light leaver on-er" in your flatshare? Quell any infighting with this green energy news.
PrettyGood Launches Offering Brand & Media Solutions For Australasian SMEs
B&T applauds the charitable nature of this new agency. Although we'd hate to see it impact any Chrissie present sends.
A Blunt End: Dolphins Medicinal Cannabis Sponsorship At Risk
Yes, it's another NRL drug story. Yet, thankfully it doesn't involve coke in Kuta during the off-season.
Slew Of New Creative Hires At Leo Burnett Australia
Ahhh, all black! The outfit of choice for agency creatives, David Jones staff and everyone in Melbourne.
Under Armour Unveils Local “Live in UA” Campaign
American apparel brand set for yet another tilt at the Aussie market, as Nike declares "we'll see about that".
Pepsi Launches New Look, Refreshing Classic Fashion Staples Via Special PR
Are you always the bridesmaid, never the bride, as the old saying goes? How do you think Pepsi feels?
Pure Blonde Returns To A Place Purer Than Yours In New Campaign Via The Monkeys
B&T's always been a huge fan of the 'drink yourself thinner' diet plan. So big thanks to Pure blonde, vodka & tequila.