Omnicom Media Group Integrates LG Smart-TV Data and Media Within Omni

Rhea-AI Summary

LG Ads Solutions has partnered with Omnicom Media Group (NYSE: OMC) to integrate LG smart TV and cross-screen advertising inventory into Omnicom's Omni platform. This agreement allows over 20 million LG smart TV households in the U.S. to access advanced targeting segments using LG's anonymized data in a privacy-compliant manner. Furthermore, LG Ads Solutions will provide media transparency and guaranteed outcomes for advertisers across its inventory. The partnership is expected to enhance CTV advertising as industry spending reaches $19.1 billion this year.

Positive

• Integration of LG Ads Solutions data into Omnicom's Omni platform enhances advertising precision.
• Access to over 20 million LG smart TV households improves targeting capabilities.
• Partnership aims to provide transparency and guaranteed outcomes for advertisers.
• Expected growth in CTV advertising, with spending projected at $19.1 billion.

Negative

• None.

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- LG Ads Solutions, the connected TV and cross-screen advertising arm of LG Electronics, today announced an agreement with Omnicom Media Group (OMG), the media services division of Omnicom Group Inc. (NYSE: OMC), to bring LG smart TV and cross-screen ad inventory to Omnicom clients. Under the terms of the agreement, LG Ads Solutions data will be integrated within Omni, Omnicom’s industry-leading operating system. Omni has more privacy-compliant datasets than any competitive data offering and a suite of proprietary applications that can integrate with clients’ first-party data and technology to deliver an unprecedented level of marketing orchestration.

The integration will enable account teams across OMG to activate advanced targeting segments from Omni across more than 20+ million LG smart TV households in the U.S. The deal links LG Ads Solutions’ anonymized household-level data through a privacy-compliant process to Omni’s household graph. This match will allow OMG agencies to run TV campaigns across all addressable LG smart TVs in the U.S.

Additionally, all media available through LG Ads Solutions, including exclusive native ads, CTV video and cross-screen ads, will be accessible through Omni’s media inventory graph, which delivers a precise view of the quality, value and availability of inventory in the marketplace. LG Ads Solutions now offers guaranteed outcomes across its native and cross-screen media buys, with independent third-party validation to meet advertisers’ needs for transparency and trust in the rapidly-growing CTV ecosystem.

LG Ads Solutions Chief Executive Officer Raghu Kodige said, “Omnicom’s vision for bringing more transparency and quality consumer experiences to CTV is directly in line with our initiatives for more open access to high-value smart TV data and for guaranteed outcomes for advertisers, where CTV media is only paid for when campaign objectives are met.”

This agreement comes at a time when the industry expects to see CTV spending for the year reaching $19.1 billion.

“LG Ads Solutions brings one of the industry’s largest observed TV data sets to the Omni platform, as well as access to its premium CTV media inventory,” says Slavi Samardzija, CEO of Annalect, the data and analytics division of OMG that developed and manages Omni. “This partnership is a natural continuation of our efforts to transform the effects of data and analytics on media, while giving our clients access to the best view of both consumer behaviors and media inventory, paired with the highest level of precision.”

About LG Ads Solutions

LG Ads Solutions is a leader in convergent TV and cross-screen advertising, helping brands find hard-to-get unduplicated reach at optimal frequency across the fragmented TV landscape, and maximize return on ad spend. The company brings together LG’s years of experience in delivering premium home entertainment products to consumers worldwide, with big TV audience data and Video AI designed to connect brands with audiences across all screens and understand resulting business outcomes. We are growing fast globally, and we are hiring! Contact us at info@lgads.tv.

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 Hearts & Science, OMD and PHD; performance marketing agency Resolution; Optimum Sports Media and Marketing; and the Annalect data and analytics division that develops and manages the Omni marketing operating system designed to orchestrate better outcomes for marketers.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220405005196/en/

Bill Daddi

bill@daddibrand.com

Source: LG Ads Solutions

FAQ

What is the significance of the agreement between LG Ads Solutions and Omnicom Media Group?

The agreement integrates LG's smart TV ad inventory with Omnicom's Omni platform, enhancing targeting and transparency in advertising.

How many households will benefit from the LG and Omnicom partnership?

The partnership will allow access to advanced targeting for over 20 million LG smart TV households in the U.S.

What are the expected outcomes of this partnership for advertisers?

Advertisers can expect enhanced targeting capabilities and transparency, alongside guaranteed outcomes for their campaigns.

What is the projected spending for CTV advertising in 2023?

The industry expects CTV advertising spending to reach $19.1 billion this year.