WPP and iHeartMedia join forces to lure more audio branding business

WPP is hooking up with IHeartMedia on a new partnership aimed at luring more audio business from marketers. The venture, called “Project Listen,” will offer creative consulting and media planning covering multiple platforms, including broadcast radio, digital streaming, podcasts, smart speakers and live events. The two companies, which plan to announce the initiative today at Cannes, want to capitalize on the rising interest in audio advertising. The medium is enjoying a renaissance thanks to the surging popularity of podcasts and digital streaming. “Project Listen is about tapping into the scale of audio and moving from the traditionally transactional radio business to the future of audio advertising where insights and ideas lead the way to growth for brands,” iHeartMedia CEO Bob Pittman said in a statement. Consumers are listening to audio content for an average of 17 hours a week, according to new research from iHeartMedia. Ad spending in the U.S. on podcasts jumped 53 percent last year to $479 million, with podcast revenue projected to grow to $1 billion by 2021, according to a new report from the Interactive Advertising Bureau and consultancy PwC. The most interest is coming from direct-to-consumer retailers, followed by financial services, according to the report. It notes that host-read ads remain the most popular format, accounting for nearly two-thirds of ad spend.The rising spending has created a new battlefield for audio ad and consulting dollars. The... Continue reading at 'Advertising Age'

[ Advertising Age | 2019-06-17 10:00:00 UTC ]
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[ The Guardian | 2014-08-06 00:00:00 UTC ]
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[ The Bookseller | 2014-08-05 00:00:00 UTC ]
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The Catholic Book Trade: Brand Loyalty for Niche Publishing

One area of publishing where brand loyalty reigns is in religious books, and Roman Catholic books in particular, largely resulting from market fragmentation. Continue reading at Publishing Perspectives

[ Publishing Perspectives | 2014-08-01 00:00:00 UTC ]
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[ AdWeek | 2014-08-01 00:00:00 UTC ]
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Business Adventures why Bill Gates's favourite book is back at the top of the bestseller lists

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[ The Guardian | 2014-08-01 00:00:00 UTC ]
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Brands' Big Challenge: Making the Mind Shift to Mobile

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[ Advertising Age | 2014-07-29 00:00:00 UTC ]
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Michelle Phan Sued Over Music Rights: How Will Brands and Influencers React?

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[ AdWeek | 2014-07-22 00:00:00 UTC ]
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[ Digiday | 2014-07-21 00:00:00 UTC ]
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Archant's subbing hub makes business sense - but consider the cost

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[ The Guardian | 2014-07-17 00:00:00 UTC ]
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[ Advertising Age | 2014-07-17 00:00:00 UTC ]
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[ Digiday | 2014-07-14 00:00:00 UTC ]
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The Audio Book Club Meets Karl Ove

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[ Slate | 2014-07-11 00:00:00 UTC ]
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[ The Bookseller | 2014-07-10 00:00:00 UTC ]
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Five Questions for business author Richie Frieman

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[ Baltimore Sun | 2014-07-05 00:00:00 UTC ]
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[ AdWeek | 2014-07-02 00:00:00 UTC ]
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