B2b MarketingMarketing

Amazon unveils suite of new video advertising products – Marketing Dive

future-dyanmics





Announcements made at UnBoxed catered to small and mid-sized marketers while the company touted new streaming assets like “Thursday Night Football.”
Amazon is making it easier for marketers to take advantage of video advertising by adding the format to its self-service Sponsored Display program. The company is also expanding a public beta for its Video Builder, which provides brands with customizable templates when developing video campaigns, per announcements made at its UnBoxed 2022 conference today (Oct. 26).
The addition of video to Sponsored Display enables advertisers to make video campaigns that run both on Amazon and other platforms, with a focus on opening options for small and mid-sized businesses. The solution allows for the creation of immersive assets, such as tutorials, unboxing videos and demos. 
“We want to bring the power of video advertising to more brands, no matter their size or level of resources,” said Tanner Elton, vice president of U.S. sales for Amazon Ads, in a statement.
Amazon pointed to third-party research by Wyzowl that found 73% of surveyed consumers prefer to learn about products and services through video ads. Eighty-eight percent said video ads have convinced them to buy a product. A more aggressive push into video also follows shifting media consumption habits: Over 225 million streaming TV viewers now live in the U.S., per eMarketer data cited by Amazon Ads. Meanwhile, the market for digital video advertising is expected to reach $76 billion this year, according to the Interactive Advertising Bureau.
At the conference, Amazon Ads went over new ways to engage audiences through screens. The company pointed to Prime Video’s coverage of “Thursday Night Football,” the IMDb What to Watch app and the Freevee Welcome Screen as options for advertisers. Freevee is Amazon’s ad-supported streamer, previously known as IMDb TV.
Outside of video, Amazon said it would deepen Sponsored Display capabilities in other ways. Soon, select U.S. advertisers will be able to add a shopping credit to their ads through a Rewarded Sponsored Display offering. The format rewards consumers who click on the placement and make a purchase.
A 2021 survey by Amazon Ads found that 92% of respondents said they were more likely to take action if offered a shopping credit. Additionally, Amazon is opening its sponsored display for categories that do not sell directly on its e-commerce platform, such as hotels and restaurants.
“We have to provide our advertisers the flexibility, efficiency, and scale to be nimble and responsive as their needs change,” said Alan Moss, vice president of global advertising sales at Amazon Ads, in a statement.
On the ad-tech front, Amazon used UnBoxed to spotlight the Amazon Marketing Cloud, its data clean room solution. The company is focused on improving signal coverage and ease of use for marketers that are increasingly seeking clean rooms in the wake of third-party cookie deprecation. These upgrades were revealed just months after Amazon introduced Store Analytics, which is intended to improve in-store performance.
Amazon has increasingly invested in advertising services as marketers spend more on retail media, with a host of new products this year such as an email marketing tool. The company’s ad sales segment grew 18% year-on-year to $8.76 billion in the second quarter, a growth rate that bested digital rivals amid an economic downturn. Amazon reports its third-quarter results Thursday. 
Get the free daily newsletter read by industry experts
Topics covered: social media, mobile, advertising, marketing tech, content marketing, and more.
This year so far has brought an unusual number of change-ups in how advertisers support the league. Several factors lay behind the shift.
Despite shifts in marketer priorities and stark warnings from experts, it's still not clear how advertisers will navigate the landscape after third-party cookie deprecation.
Keep up with the story. Subscribe to the Marketing Dive free daily newsletter
Topics covered: social media, mobile, advertising, marketing tech, content marketing, and more.
Keep up with the story. Subscribe to the Marketing Dive free daily newsletter
Topics covered: social media, mobile, advertising, marketing tech, content marketing, and more.
Subscribe to Marketing Dive for top news, trends & analysis
Topics covered: social media, mobile, advertising, marketing tech, content marketing, and more.
Get the free daily newsletter read by industry experts
Topics covered: social media, mobile, advertising, marketing tech, content marketing, and more.
This year so far has brought an unusual number of change-ups in how advertisers support the league. Several factors lay behind the shift.
Despite shifts in marketer priorities and stark warnings from experts, it's still not clear how advertisers will navigate the landscape after third-party cookie deprecation.
The free newsletter covering the top industry headlines
Topics covered: social media, mobile, advertising, marketing tech, content marketing, and more.

source



future-dyanmics

Related posts
B2b MarketingMarketing

Four Steps That CMOs Can Take To Prepare For An Economic Downturn - Forrester

Bob McKinnon, Principal AnalystAs marketing leaders focus on preparing for the potential of an…
Read more
B2C MarketingMarketing

Watching Free Over-the-Air TV Channels is Getting Even Better (And It's Still Free) - CNET

Your guide to a better futureThanks to ATSC 3.0, or NextGen TV, free TV with an antenna is getting a…
Read more
B2b MarketingMarketing

Marketing and media events for Nov. 7-13, 2022 - AdAge.com

Forgot Password?Once registered, you can:By registering you agree to our privacy policy, terms &amp…
Read more
Newsletter
Join THE PRO PEOPLE Family

Sign up for The Pro People Community's Daily Digest and get the best of Industry updates, tailored for you.

Leave a Reply

Your email address will not be published. Required fields are marked *