| TripleLift and Amagi Announce Preferred Partnership to Break Open the $11 Billion Industry
NEW YORK, Oct. 6, 2021 /PRNewswire/ — TripleLift, one of the fastest growing ad tech companies in the world, and Amagi, a global leader in cloud-based SaaS technology for broadcast and connected TV, today announced a preferred partnership agreement to scale “In-Show” programmatic advertising. TripleLift’s solution programmatically integrates brands into television programs. Amagi’s cloud-based services plugs that solution into dozens of consumer media platforms. Taken together, this partnership represents the beginning of true programmatic CTV product placement, where integration opportunities will be available across hundreds of streaming TV channels in near real-time. TripleLift In-Show Technology “We knew the TV ad experience could be more integrated and less interruptive, just like native advertising has been to websites. Our team looked at the full viewer experience and asked the question, ‘How can we make the television ad experience work for everyone?'” said Michael Shields, GM of Advanced Advertising, TripleLift. “We’ve created a technology that is the future of brand-supported television. With pressure on television networks and platforms to decrease ad loads, In-Show extends a lifeline for sustained monetization.” The partnership between TripleLift and Amagi creates a full stack In-Show solution for programmatic CTV. Each company’s innovation has been an important building block, and this agreement joins two important parts of the value chain, forming a complete offering now ready for the world’s biggest brands and CTV providers. Producers can capture new revenue, even after shooting has wrapped. Advertisers have new opportunities to insert their messaging into breakthrough environments that have been largely closed to them otherwise. Finally, audiences get a tailored experience with the potential for less commercial interruption over time. Product placement is an $11 billion marketplace, and this programmatic solution makes it more accessible for streaming services, production companies, creators, and brands. Amagi Cloud-Based Streaming Solution As the leader in the expanding FAST CTV ecosystem, Amagi’s full stack solution with TripleLift integration sets a new benchmark for innovation in monetization of content. It will provide a unique opportunity to content owners who are looking at better and non-intrusive ways of monetizing their content. “We see In-Show ads as a huge opportunity for our content and platform partners to dramatically increase monetization by inserting messages into programming without bringing on ad fatigue,” said Sudhir Shabad, VP, WW Alliances, and Channels and Ecosystem at Amagi. “This, along with our tight integration with TripleLift platform, provides a scalable, high revenue opportunity for our customers. We are glad to be leading the industry in this innovation with TripleLift and believe that this is an industry-transforming alliance.” TripleLift research conducted with MediaScience indicates that In-Show ads drive 12x higher brand awareness, 3.6x ad engagement and 77% less intrusion vs. standard commercial breaks. Further, TripleLift and its partners estimate that In-Show programmatic will generate 15%—25% incremental revenue for studios and networks. About TripleLift (www.triplelift.com) About Amagi Logo – https://mma.prnewswire.com/media/1476042/TripleLift_Logo.jpg (Disclaimer: The above press release comes to you under an arrangement with PR Newswire India and this publication takes no editorial responsibility for the same.) |
