Mumbai: As part of its continuing effort to offer innovative advertising solutions to its clients, NBC Universal (NBCU) will join forces with Google (NASDAQ:GOOG) to form a strategic multi-year advertising, research and technology partnership. The two companies will work together to develop more effective advertising metrics, attract non-traditional advertising partners to NBCU and incorporate self-service buying opportunities through the Google TV Ads™ advertising platform.
The announcement was made by NBC Universal president sales and marketing Mike Pilot and Google president advertising and commerce, North America Tim Armstrong.
On the national level, NBCU will offer advertising time from several of its cable networks to Google’s TV Ads platform. Inventory from Sci Fi, Oxygen, MSNBC, CNBC, Sleuth, and Chiller will be made available to Google in the coming months, with potential to expand onto other NBCU properties in the future. With this data, advertisers can better understand what consumers are responding to and make real-time adjustments to their campaign to maximize their ROI.
"We’re extremely pleased to join forces with Google on this effort, which will help us develop better accountability and ROI metrics for our advertisers and attract an entirely new group of clients to television advertising," said Pilot. "This is another step in our commitment to trying innovative advertising approaches and testing new technologies that can help benefit our clients."
"The Google TV Ads platform is making television advertising more accountable and measurable and we’re pleased with our progress to date," said Armstrong. "Our partnership with NBCU will help us bring the power of television to a broader set of advertisers as well as give our current advertisers increased reach through our system."
"This is a great way to reach clients who are interested in buying television advertising but may not have previously had the resources or ability to do so," said NBC Local Media president platform development and commercial operations Frank Comerford.
As part of the agreement, NBC Universal will maintain its direct relationships with agencies and advertisers and can set parameters around the purchase of the available ad time. NBCU will also gain access to the large base of advertisers using Google’s AdWords™ online advertising program, many of whom are not currently television advertisers. The two companies will share in all ad revenue and explore innovative ways to expand the partnership in the future, including adapting the platform to add local inventory.
As part of their effort to help drive value for advertisers, NBCU and Google will also collaborate on a series of custom marketing and research projects using the Google TV Ads platform. Through its partnership with DISH Network, the Google TV Ads platform can report second-by-second set top box data allowing advertisers to measure viewership of their ads more precisely than ever before. The two companies will also take advantage of joint research that will help advertisers and agencies better understand their media mix and optimize their ad campaigns.
"We’re pleased that NBCU will make some of its inventory available on Google’s TV Ads platform," said Starcom MediaVest Group CEO Laura Desmond. "The partnership will generate real value for our clients by providing us with a more measurable and actionable understanding of how consumers engage with content."