STOCK TITAN

United Selects Magnite's SpringServe to Power Advertising Solution for Inflight Personal Device Entertainment

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Magnite (NASDAQ: MGNI) has announced a partnership with United Airlines to power advertising on United’s inflight personal device entertainment (PDE) platform. This collaboration follows the launch of Kinective Media by United, which aims to enhance advertising reach across various channels, including the airline’s app and inflight screens. Magnite’s SpringServe ad server will manage advertisement delivery, targeting millions of travelers who use their devices to access inflight content. United MileagePlus members are expected to benefit from more personalized offers, enhancing loyalty. Key brands like Norwegian Cruise Line and Macy's are already participating in Kinective Media's initiatives.

Positive
  • Magnite partners with United Airlines to power advertising on inflight personal device entertainment (PDE) platform.
  • Magnite’s SpringServe ad server will manage ad delivery for millions of United travelers, enhancing user engagement.
  • Kinective Media will allow advertisers to reach United travelers across multiple channels, including mobile app and inflight screens.
  • Key brands like Norwegian Cruise Line, Macy's, and Chase United Co-Brand Credit Cards are already participating in Kinective Media's initiatives.
  • MileagePlus members will receive more personalized and real-time offers, potentially enhancing loyalty.
  • Magnite's proven track record with streaming video services supports seamless ad delivery.
  • Potential for 3 hours of traveler attention per flight, offering significant advertising impact.
Negative
  • Magnite's reliance on United's inflight entertainment platform may limit ad exposure to only those who use personal devices, potentially narrowing audience reach.
  • There is inherent risk in managing inflight ad delivery, including connectivity issues and variable user engagement levels.
  • The success of this venture is heavily dependent on United Airlines' continued investment in its PDE platform and Kinective Media.

NEW YORK, June 17, 2024 (GLOBE NEWSWIRE) -- Magnite (NASDAQ: MGNI), the largest independent sell-side advertising company, today announced it will power the delivery of advertising on United Airlines’ inflight personal device entertainment (PDE) platform. United’s PDE platform allows customers to stream entertainment content on their own devices, such as phones, tablets, and laptop computers. The partnership follows the recent launch of Kinective Media by United Airlines, which allows advertisers to reach United travelers and MileagePlus members throughout their travel journeys and beyond.

Kinective Media gives marketers the opportunity to scale their reach across a wide range of channels including United's award-winning mobile app and inflight entertainment screens. The airline expects its MileagePlus members will receive additional value through more personalized and real-time offers and experiences that drive even greater loyalty. Kinective Media is already working with brands such as Norwegian Cruise Line, Macy's, Chase United Co-Brand Credit Cards, TelevisaUnivision, IHG Hotels & Resorts, as well as agency groups like Dentsu. The focus is on premium brand relationships across key verticals such as retail, luxury goods, financial services, automotive, media brands, and travel.

Magnite will be the centralized ad platform for inflight personal device entertainment campaign management, measurement, and delivery reconciliation, managing bidding, sales fulfillment, delivery, and measurement for advertisers on this engaging media channel.

Magnite’s SpringServe ad server will enable advertising activations for millions of United travelers who use their personal devices to access free inflight content, including more than 2,000 movies and TV shows (over 7 million views annually), a moving map, and arrival information. There is the potential for 3 hours of attention per traveler, based on average flight time.

“At United Airlines, and with the launch of Kinective Media, we’re creating new ways to enhance the traveler journey, and this partnership with Magnite puts us in a great position to offer more personalization on our planes,” said Richard Nunn, Chief Executive Officer at MileagePlus. “Magnite’s proven track record working with the biggest names in streaming video demonstrates their ability to deliver a seamless viewing experience, making them the best choice for us.”

“We are privileged to support the largest airline in the world in scaling their media business and complementing their unique inventory with quality ad experiences,” said Sean Buckley, Chief Revenue Officer at Magnite. “We look forward to collaborating alongside the Kinective Media team to expand the possibilities of what we can bring to their loyal consumers through innovation and personalization.”

About Magnite
We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore, and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.

Media Contact
Kar Yi Lim
klim@magnite.com
917-658-1994

Investor Relations
Nick Kormeluk
nkormeluk@magnite.com
949-500-0003


FAQ

What is the new partnership between Magnite and United Airlines?

Magnite will power the delivery of advertising on United Airlines’ inflight personal device entertainment (PDE) platform.

How will Magnite's SpringServe ad server be used?

It will manage bidding, sales fulfillment, delivery, and measurement for ads on United's inflight personal device entertainment platform.

What is Kinective Media?

Kinective Media is United Airlines' new initiative allowing advertisers to reach United travelers and MileagePlus members across various channels.

Which brands are involved with Kinective Media?

Brands like Norwegian Cruise Line, Macy's, Chase United Co-Brand Credit Cards, and TelevisaUnivision are involved.

How will United's MileagePlus members benefit?

They will receive more personalized and real-time offers, enhancing their travel experience and loyalty.

What is the potential engagement time per traveler on United's PDE platform?

There is a potential for 3 hours of engagement per traveler, based on average flight times.

Magnite, Inc.

NASDAQ:MGNI

MGNI Rankings

MGNI Latest News

MGNI Stock Data

2.26B
140.69M
10.85%
77.69%
6.26%
Advertising Agencies
Services-computer Programming, Data Processing, Etc.
Link
United States of America
NEW YORK