Plan A's Andrew Essex: 'The industry is ripe for reinvention'

What do you do after writing a book called “The End of Advertising?” If you’re Andrew Essex, you co-found an advertising company.  
 The advertising veteran launched Plan A last year, he says, with a different model in mind than the traditional holding company; “a leaner model, a lighter operating system.” Founded with MT Carney, Plan A is a collection of shops that includes Van’s General Store, Untitled Worldwide, Twin Studio and Beekman Social. 
 “It’s a new kind of holding company,” says Essex, a guest on this week’s Ad Lib podcast. “We tried to set up something that was an alternative for clients. They have two options right now: They can go to a Madison Avenue entity or they can hire a bunch of boutiques. Both have problems. So what’s a simpler model? Centralized account management and strategy and then allocate to a collection of boutiques who are best in class. But we give the client one [master service agreement] so it’s one throat to choke.” 
 At some point, he hopes to make acquisitions in the PR, or crisis communications space, and maybe voice. All of which invites the question: If he believes the advertising model is fundamentally broken, how does his holding company differentiate? For starters, he claims to stand out in stark contrast to another agency veteran launching a new collection of agencies: Martin Sorrell, who practically invented the model with WPP, beginning in 1985 and is starting from scratch at the age of 74 with his new venture S4.  
 “I... Continue reading at 'Advertising Age'

[ Advertising Age | 2019-09-12 09:00:00 UTC ]
News tagged with: #recent acquisition #parting ways #paid media #parted ways #important skill #decades ago

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[ Crains New York | 2019-12-23 17:08:10 UTC ]
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PW Notables: Our Readers Pick Their Industry MVPs

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£3m investment will improve 'clunky' system, says head of Essex libraries

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[ The Bookseller | 2019-12-23 00:45:10 UTC ]
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Face Up: Industry Pros Pick Their Favorite Magazine Covers of 2019

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'Convene, Amplify, Solve': PW Talks to BISG Board Chair Andrew Savikas

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Springer Nature points out problems with cOAlition S transformative journals plan

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Inside Homeboy Industries: 5 things to know about Gregory Boyle and 'Barking to the Choir'

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Edelweiss, Edelweiss? Julie Andrews Loves Reading About 18th-Century Plant Hunters

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Obituary: Andrew Clements

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Industry Notes: London Announces Writers’ Summit; Reed Completes India Event Buys

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[ Publishing Perspectives | 2019-11-20 04:30:58 UTC ]
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Bodley Head scoops Rachel Maddow's take on oil industry

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How Conde Nast plans to make money from Instagram TV

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[ Publishers Weekly | 2019-11-15 05:00:00 UTC ]
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What's behind Nielsen's plan to break into two businesses

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[ Advertising Age | 2019-11-07 23:07:47 UTC ]
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Nielsen plans a spin-off of its consumer unit

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Packed industry gathering says goodbye to BA's Tim Godfray

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