OMNICOM MEDIA GROUP AND ALBERTSONS MEDIA COLLECTIVE PARTNER TO ENABLE CTV TARGETING AND MEASUREMENT

Rhea-AI Summary

Omnicom Media Group (OMG) has partnered with Albertsons Media Collective to launch a groundbreaking solution for targeting and measuring ROI in Connected TV (CTV) advertising. This collaboration integrates audience data from OMG's Omni system with insights from over 30 million Albertsons shoppers weekly, allowing marketers to directly purchase CTV ads via The Trade Desk platform. CEO Frank Kochenash emphasized this partnership's role in enhancing retail media and connected commerce. The agreement is the first of its kind for OMG in 2023, aiming to streamline CTV investments and expand to other initiatives.

Positive

• Partnership with Albertsons enables integration of data from over 30 million consumers.
• First retail media network partnership announced by OMG in 2023, enhancing market presence.
• Improves targeting and measurement in CTV advertising, addressing industry gaps.
• Potential expansion to additional initiatives, such as the Supply Chain IQ Score.

Negative

• None.

LAS VEGAS, Jan. 6, 2023 /PRNewswire/ -- Omnicom Media Group (OMG), the media services division of Omnicom Group Inc. (NYSE: OMC) and Albertsons Media Collective, the retail media arm for the Albertsons Companies, are partnering on a first-to-market solution that will enable marketers to better target and measure based on ROI in Connected TV (CTV) environments.

Under the terms of the agreement, OMG will be able to combine audience data from Omnicom's Omni marketing orchestration system with Albertsons Media Collective data - including near-real time data from more than 30 million consumers who shop at Albertsons every week  - to buy CTV advertising directly within The Trade Desk platform. 

Announced during the Consumer Electronics Show (CES) event in Las Vegas, the partnership bridges the gap in audience data that has been a barrier to brands optimizing CTV at scale. "Connected TV is the fastest growing advertising channel, but as OMG said when we published our CTV Standards Call-to Action in 2021, targeting and measurement deficits in the space are a significant barrier to investment," says Megan Pagliuca, Chief Activation Officer, Omnicom Media Group North America. "Combining Omni audiences with Albertson's shopper data within the Trade Desk, our clients will be able to tailor CTV messaging and spend directly to Albertson's shoppers and measure the impact of their media dollars where it matters most -  at the cash register."

Adds Kristi Argyilan, SVP, Retail Media for the Albertsons Companies, "Showing performance based on meaningful business outcomes versus simple impressions delivered is really what this partnership is all about; and it exemplifies what retail media will be bringing to the marketplace in the longer term."

The alliance with Albertsons Media Collective is the first retail media network (RMN)  partnership to be announced by OMG in 2023, following 2022 deals with Walmart, Instacart and Kroger Precision Marketing  that helped OMG earn the highest possible scores for retail and commerce media in a recent analysis of global media agency groups from research and advisory firm Forrester. While the initial focus of the OMG/Albertson's agreement will be CTV investment, the partnership is expected to subsequently expand to include activations across  two other OMG first-to-market initiatives - the  Supply Chain IQ Score  and the programmatic private marketplace for point-of-purchase screens.   

Summing up the takeaway for Omnicom clients from the OMG/Albertson's  partnership, Omnicom's CEO, eCommerce Frank Kochenash says, "This partnership demonstrates our continued commitment and leadership in the retail media and connected commerce space, combining expert talent, bespoke technology, and distinctive partnerships with leaders like Albertsons, to deliver outcomes for our clients."

About Omnicom Media Group

Omnicom Media Group (OMG) is the media services division of Omnicom Group Inc. (NYSE: OMC), a leading global marketing and corporate communications company, providing services to more than 5,000 clients in more than 70 countries. Omnicom Media Group  includes full- service media agencies OMD, PHD and Hearts & Science as well as the Annalect data and analytics division that develops and manages Omni, the open operating system that orchestrates better outcomes for clients across all Omnicom agencies.

About Albertsons Media Collective

Albertsons Media Collective is a next-generation retail media network rooted in connections, technology and innovation. As the retail media arm for Albertsons Companies, the second-largest grocery chain in the United States, we connect with consumers in more than 2,278 locations across 35 states. We partner with leading brands to help them engage shoppers when and where it matters most, through the power of sophisticated first-party data. From innovative delivery platforms to highly targeted marketing solutions, we offer our clients a variety of programs designed to drive retail sales and maximize brand impact to best serve our customers.

About Albertsons Companies

Albertsons Companies is a leading food and drug retailer in the United States. As of February 26, 2022, the Company operated 2,276 retail stores with 1,722 pharmacies, 402 associated fuel centers, 22 dedicated distribution centers and 20 manufacturing facilities. The Company operates stores across 34 states and the District of Columbia with 24 banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci's Food Lovers Market. The Company is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2021, along with the Albertsons Companies Foundation, the Company contributed nearly $200 million in food and financial support, including approximately $40 million through our Nourishing Neighbors Program to ensure those living in our communities have enough to eat.

View original content:https://www.prnewswire.com/news-releases/omnicom-media-group-and-albertsons-media-collective-partner-to-enable-ctv-targeting-and-measurement-301715730.html

SOURCE Omnicom Media Group

FAQ

What is the significance of the Omnicom Media Group and Albertsons Media Collective partnership?

The partnership enables enhanced targeting and measurement of ROI in Connected TV advertising, utilizing data from over 30 million Albertsons shoppers.

When was the Omnicom Media Group and Albertsons Media Collective partnership announced?

The partnership was announced on January 6, 2023, during the Consumer Electronics Show in Las Vegas.

What technology is being used in the Omnicom and Albertsons partnership?

The partnership uses Omnicom's Omni marketing system and The Trade Desk platform for purchasing CTV ads.

What potential benefits does this partnership offer to Omnicom Group's clients?

Clients can tailor CTV messaging to Albertsons shoppers and effectively measure the impact of their advertising investments.

How does this partnership impact the advertising landscape?

It addresses targeting and measurement deficits in CTV advertising, a rapidly growing channel, potentially boosting investments in the sector.