Viamedia, the leading fully-integrated independent cross-media local advertising company, announced the launch of its innovative new managed service, the Parrot Ad Decisioning Systems (Parrot ADS). This transformative platform reimagines television advertising by enabling MVPDs to seamlessly insert regionally targeted ads on linear streams to match the local ads simultaneously running on traditional cable TV systems.
“Parrot ADS presents an enormous opportunity for MVPDs to effortlessly package and execute their linear inventory with connected TV (CTV) inventory, all while better serving their local communities, businesses and advertisers,” said David Solomon, CEO at Viamedia. “Parrot ADS is not just a solution; it’s a revolution in advertising. Its simplicity and efficiency during this pivotal transitionary phase are unparalleled. It’s a genuine win for all stakeholders.”
The industry’s ongoing shift from conventional hardware-based video distribution to addressable or dynamic distribution presents a myriad of challenges. As MVPDs migrate their subscribers over time – typically 10% to 20% annually – ad buyers have had to use two separate orders and systems to reach the same audience they have been accustomed to purchasing. This incurs additional work, time and fees, among other challenges and complexities.
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Viamedia has developed a powerful solution with its new Parrot ADS. Using this single, unified platform, media buyers can purchase ad inventory regardless of the consumption method, be it traditional or addressable. This consolidation significantly simplifies purchases and execution, while empowering ad sales teams with a singular approach for selling both sets of ad inventory.
For MVPDs, Parrot ADS brings a plethora of new capabilities and advantages:
- Regionalize streaming distribution: Insert regionally targeted ads on linear streams that mirror the ads running on traditional SD and HD channels
- Protect Ad Revenues: Safeguard ad sales and revenues while transitioning from linear to full dynamic advertising
- Unified Ad Sales: Sales teams now have the luxury of selling both traditional and addressable inventories in a single order
- Accelerate time-to-market and reduce technological risks associated with transitioning linear into digital streams
Solomon added, “By mirroring the same ad on two platforms, MVPDs can optimize linear and CTV feeds for advertisers, maximizing inventory and ad sales during this critical migration. This means greater demand and value for existing advertising inventory.”
Viamedia’s best-in-class technology stack adheres to established IAB standards and utilizes a standardized platform to enable integration with any streaming applications, ensuring MVPDs will soon be able to use the streaming app of their choice to grow digital advertising revenue similar to CTV.
SOURCE: Businesswire