AT&T, DISH, WPP to buy INVIDI Technologies
/in News /by davidAT&T Inc., Dish Network Corp. and WPP PLC are teaming up to buy INVIDI Technologies Corp., which focuses on targeted television advertisements, the companies said Monday.
Under the terms of the deal, which is expected to close in the first quarter, AT&T is to hold a controlling stake and Invidi would continue to operate independently. Financial terms weren’t disclosed.
Founded in 2000, Princeton, N.J.-based INVIDI’s technology allows advertisers to target ads to specific audiences, for example displaying car ads to someone who’s been searching for car deals, or to a custom list provided by an advertiser.
INVIDI’s investors include WPP, Google Inc. and Verizon Communications Inc. The move extends AT&T’s push into media. The telecom giant bought satellite operator and Dish Network competitor DirecTV in 2015 and recently struck a deal to purchase content producer Time Warner Inc.
Maria Armental, The Wall Street Journal
AT&T, DISH and WPP to Acquire INVIDI, Operate It Together | AT&T
/in News /by davidDALLAS & ENGLEWOOD, Colo.–(BUSINESS WIRE)–AT&T*, DISH Network L.L.C., a wholly-owned subsidiary of DISH Network Corporation, and WPP have announced plans to acquire INVIDI Technologies, a leader in providing addressable advertising platforms. INVIDI will continue operating independently under the three companies’ collective ownership, and each company will name representatives to INVIDI’s board of directors. AT&T will hold a controlling interest in the venture.
INVIDI’s software lets advertisers deliver addressable video advertising to the target audience — on TV and across multiple distribution platforms. Ads are delivered via INVIDI’s technology to target households that can be matched to thousands of demographic or psychographic attributes, or to a custom list provided by an advertiser. This lets advertisers and media buyers accurately control reach, separation and frequency across video platforms.
In addition to extensive distribution in U.S. households, including platforms operated by AT&T, DISH and others, INVIDI is actively deploying its technology and negotiating distribution agreements in Europe, South America and Asia. AT&T, DISH and WPP will work together, and with other existing INVIDI customers, to continue to expand INVIDI’s addressable capabilities and product offerings to other video delivery platforms and providers to drive the increased deployment of addressable advertising industrywide. INVIDI will also receive a Technical Emmy Award for targeted advertising at the 68th Annual Technical Emmy Awards in January 2017.
“INVIDI gives us a great opportunity to expand our addressable advertising capabilities,” said Rick Welday, President, AT&T AdWorks. “We have significantly increased revenue with targeted advertising across multiple platforms. This deal will help us accelerate growth in our addressable advertising business and explore innovation and expansion into new platforms.” AT&T AdWorks is a leader in addressable TV advertising, managing ad inventory across national ad-supported cable networks serving live, linear addressable advertising to more than 14 million households nationwide and managing data from more than 35 million set top boxes. AT&T’s annualized advertising revenues were $1.5 billion and growing in the double digits as of the third quarter of 2016. DISH Media Sales introduced addressable advertising in 2012 and has seen substantial interest from advertisers due to the power of addressability. Its portfolio currently serves targeted advertising on approximately 100 networks to more than 8 million households nationwide through both the DISH and Sling TV platforms.
“This is an opportunity to push innovation through the platform and expand the reach of addressable TV advertising, moving the advertising industry forward for brands and consumers,” said Warren Schlichting, DISH executive vice president of Marketing, Programming and Media Sales.
“This is an exciting day for INVIDI, our customers, industry partners, employees and investors,” said Dave Downey, INVIDI’s CEO. “Maintaining our independence and deepening our existing relationships with AT&T, DISH and WPP is a big move for our company and our people. Our ability to increase the value of ad inventory is transforming the way video advertising is purchased and distributed.”
“We were the first strategic investor back in 2007 and are retaining our position so that we can influence the addressable ecosystem for the benefit of our clients,” said Irwin Gotlieb, Chairman, GroupM Global, WPP’s wholly owned media investment management company with billings in excess of $102.5 billion, according to RECMA.
AT&T, DISH and WPP plan to maintain INVIDI’s current operations, including maintaining its employees in their current locations. INVIDI has offices in Princeton, N.J., Newtown, Pa., New York, Denver, Colo. and Edmonton, Alberta, Canada.
The transaction is subject to pre-merger review under the Hart-Scott-Rodino Act and other customary conditions. The companies expect to close the deal in the first quarter of 2017. The companies did not disclose financial terms.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.
Business Wire
INVIDI addressable TV service sprouts up in Brussels
/in News /by davidINVIDI, a company backed financially to the tune of $132m by industry titans such as Google, NBCUniversal, has launched a new Brussels-based operation it claims will help Europe ‘leap frog’ the US when it comes to addressable TV advertising.
The new operation offers a service that helps advertisers improve the effectiveness of their TV campaigns, by allowing them to targeted television spots across linear, digital and time-shifted media buys, and has been two-years in inception, CEO David Downey told The Beet Retreat conference, hosted by Beet.TV in Miami, Florida.
The system allows channels tenancy of the platform on one level, while protecting commercially sensitive data on the other. However, advertisers will be able to target key groups which he claims will move to accelerate the addressable TV model in Europe.
“We find it easier to innovate in Europe,” he told the audience, “However once we have proved the concept we can then take it into the US.”
He claimed that in many ways the structure of the US market – which has multi-channel video programming distributors (MVPD) at its core – is slowing down the coordination required to rapidly expand the addressable TV concept in the US.
He told Beet TV earlier this year that the addressable TV opportunity is a world away in Europe as a result…