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Advertisers, agencies buying into digital, programmatic out-of-home

Advertisers, agencies buying into digital, programmatic out-of-home Fresh reports from the IAB, OMA and a recent brand campaign across digital out-of-home show growing interest in the new category thanks to its transparency and creative capabilities Almost one-quarter of Australian agencies traded digital out-of-home (DOOH) inventory during 2020, a third are getting into programmatic digital out-of-home and greater creative experimentation is on its way in FY22 and beyond, the IAB reports. The latest figures come as the Outdoor Media Association also reports a triple-digit increase in net media revenue across the category to $203.3 million for Q2, 2021, with DOOH picking up the lion’s share.

Outdoor revenues rise as DOOH takes on more spend

Outdoor revenues rise as DOOH takes on more spend July 6, 2021 9:29 The Australian Out-of-Home (OOH) industry has seen an increase of 125% in net media revenue for the second quarter of 2021, compared to the same time last year, according to a new report from the Outdoor Media Association (OMA). The second quarter of 2021 saw revenue hit $203.3 million, up from $90.3 million for the same period in 2020 (which has been updated due to new membership). Digital OOH (DOOH) revenue has surged in 2021, up 57.9% on last year to account for 61% of total net media revenue. “Out-of-home advertising felt the full brunt of the pandemic at the height of lockdowns in Q2 2020, which explains the explosive increase of 125% year-on-year,” said Charmaine Moldrich, OMA CEO. “A better indication of our recovery is that we are only down by 17% on pre-pandemic revenue from Q2 2019. Each month this year has been better than the previous month.”

Scott Coldham joins NZ s Lumo Digital Outdoor as board member

June 30, 2021 8:43 Former Colenso BBDO managing director Scott Coldham has joined the board at New Zealand outdoor company Lumo Digital Outdoor. As previously covered by Mumbrella, Coldham departed Colenso in January after a 15-year stint, leaving to become the chief marketing officer of tech company Whip Around and menswear brand Asuwere. Scott Coldham He joins Lumo Digital Outdoor as its latest independent director, and Lumo chairman, Shannon Walsh, said he will provide significant insight to help the business foster and grow agency relationships. ADVERTISEMENT “Bringing in an independent director to our Board is about broadening our horizons and challenging our perspectives on what agencies and advertisers are seeking from businesses like Lumo.”

Ooh Media s Cathy O Connor on tackling the challenge of digital measurement

Ooh Media s Cathy O Connor on tackling the challenge of digital measurement
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