FreeWheel’s Integration of Beeswax Technology Represents Significant Milestone, Enabling Seamless Audience Extension and Inventory Management for Publishers

Rhea-AI Summary

FreeWheel has announced enhanced programmatic buying features integrated into its platform, following the acquisition of Beeswax. This move aims to streamline TV buying and selling by allowing clients to programmatically access additional premium TV and video inventory. The integration includes advanced bidding algorithms, enabling publishers to manage their inventory and optimize advertising campaigns seamlessly. FreeWheel is piloting this solution with select customers and plans a full rollout in early 2022.

Positive

• Integration of Beeswax bidding technology enhances programmatic trading capabilities.
• Allows access to incremental premium TV and video inventory for clients.
• Improves campaign management and optimization through advanced algorithms.
• Unified inventory management will streamline advertising operations.

Negative

• None.

FreeWheel’s vision to simplify TV buying and selling comes closer to fruition with the availability of enhanced programmatic buying features within its platform.

Integration comes less than nine months after FreeWheel’s acquisition of Beeswax and will enable it to further deliver for clients.

NEW YORK--(BUSINESS WIRE)-- Today, FreeWheel announced that it has integrated a key set of technologies into its platform to enable its clients to programmatically acquire incremental inventory and extend audience reach in one easy workflow. By integrating Beeswax bidding capabilities into its supply technology, FreeWheel is investing in the future of programmatic trading as a cornerstone of the television marketplace.

The new integration will provide a way for media owners and sellers who use FreeWheel’s publisher technology for management and optimization of their own inventory to access additional premium TV and video inventory directly through FreeWheel. By automating campaign extension using advanced bidding algorithms, publishers will be able to fulfill advertising campaigns across available pools of inventory throughout the media ecosystem.

“When we acquired Beeswax earlier this year, we recognized that its leading bidding technology could be used to improve the value that our platform provides to our customers,” said Dave Clark, General Manager, FreeWheel. “Now, with our recently completed integration, this value proposition is real – a unified inventory view, unified optimization, and unified measurement across inventory sources and screens, within a single system. This advancement will bring immediate, meaningful change to our customers and the industry.”

With this integration, FreeWheel’s publisher customers will be able to seamlessly deliver against both their own inventory and third-party inventory with the same creatives, workflow, frequency capping, budgeting, and pacing. With bidding technology built right into the platform, users will have a unified view of all their inventory sources and optimize campaigns for performance and profitability.

“The advancements we have made with this integration address the realities of the new TV ecosystem. As sellers look for heightened capabilities to acquire and manage third-party inventory, the need for enhanced connection has never been more important,” added Clark. “Building technology that provides simpler, stronger connections between ecosystem partners is the key to success in today’s fragmented market. We believe this is the future of TV, and this is a significant step in making it happen.”

FreeWheel is currently piloting this solution with select customers with plans for a full rollout in early 2022. The pilot is part of a multi-staged initiative as FreeWheel aims to bring enhanced programmatic technology to premium advertisers and publishers to connect multiple parts of the TV and video advertising ecosystem.

About FreeWheel

FreeWheel empowers all segments of The New TV Ecosystem. We are structured to provide the full breadth of solutions the advertising industry needs to achieve their goals. We provide the technology, data enablement, and convergent marketplaces required to ensure buyers and sellers can transact across all screens, across all data types, and all sales channels, in order to ensure the ultimate goal – results for marketers.

With offices in New York, San Francisco, Chicago, London, Paris, Beijing, and across the globe, FreeWheel is a part of Comcast Corporation, a global media and technology company. It stands to advocate for the entire industry through the FreeWheel Council for Premium Video. For more information, please visit freewheel.com, and follow us on Twitter and LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211109005354/en/

Meredith Fitzgerald

215-970-8504

meredith_fitzgerald@comcast.com

Source: FreeWheel

FAQ

What is the recent announcement from FreeWheel regarding programmatic buying features?

FreeWheel announced enhanced programmatic buying features integrated into its platform, enabling clients to access additional premium TV and video inventory.

When is FreeWheel planning to roll out the new integration for programmatic buying?

FreeWheel is currently piloting the solution and plans a full rollout in early 2022.

How does FreeWheel's integration with Beeswax benefit its clients?

The integration allows clients to programmatically acquire additional inventory and manage advertising campaigns more effectively through a unified system.

What technology does FreeWheel leverage to enhance its programmatic buying features?

FreeWheel has integrated Beeswax's advanced bidding technology to improve its programmatic trading capabilities.