Omnicom CEO: Digital Media Brokers Shouldn't Reinvent the Wheel
During Omnicom's Q2 earnings call this week, CEO John Wren talked a bit about digital, and in particular the agency holding company's motives for forming the new OMG Digital unit
During Omnicom's Q2 earnings call this week, CEO John Wren talked a bit about digital, and in particular the agency holding company's motives for forming the new OMG Digital unit
During Omnicom’s Q2 earnings call this week, CEO John Wren talked a bit about digital, and in particular the agency holding company’s motives for forming the new OMG Digital unit. The idea, he said, is to apply offline media buying standards and principles to its digital buying business.
“We think that we can do a better job for our clients if we approach purchasing of digital — specifically digital buying in a manner similar to what we’ve done for the last decade, — from a traditional point of view,” he said.
As agency margins on digital media buys get thinner and thinner, the big holding companies that can centralize their buying processes may actually have an advantage. Wren estimated Omnicom spends $2 billion globally on media across its agencies. Don’t know how much of that is interactive media.
Wren added that while the company’s digital specialty shops — Agency.com, Organic, Tribal, DDB and Critical Mass — get the most attention, all its holdings have some digital DNA. “I’m not really aware of too many parts of our business or individual offices or country which haven’t continued to shift to where digital is becoming an increasingly important venue for us to reach the consumers that we’re looking to reach,” he said. (SeekingAlpha transcript)
More about:
Lucy helps organizations leverage knowledge for in... View Tech Talk
TVSquared is the global leader in cross-platform T... View Tech Talk
Grata is a B2B search engine for discovering small... View Tech Talk
Streaming has become a staple of US media-viewing ... Download Now
Data is the lifeblood of so many companies today. ... Download Now
This report documents the findings of a Fireside c... Download Now
Customers decide fast, influenced by only 2.5 touc... Download Now
Streaming has become a staple of US media-viewing habits. Streaming video, however, still comes with a variety of pesky frustrations that viewers are ...
View resourceData is the lifeblood of so many companies today. You need more of it, all of which at higher quality, and all the meanwhile being compliant with data...
View resourceThis report documents the findings of a Fireside chat held by ClickZ in the first quarter of 2022. It provides expert insight on how companies can ret...
View resourceCustomers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...
View resourceMarketers today need to thoughtfully select visuals that align with their content, boost SEO performance and drive ROI Read More...
View articleHow the sunglasses giant created subconscious brand recall value with music festival-goers through the power of strategic partnerships and experientia...
View articleIn life, as much as on LinkedIn (or Facebook, Twitter, etc.) people and brands who blabber on about themselves become annoying and best avoided, soone...
View articleBuilding trust in your brand is hard enough. Now take a situation where your audience is so cynical of your product offering some of them even call fo...
View articleThere is room for better lead capturing as ABM evolves in a cookieless world Read More...
View articleTop-of-mind action points that will be valuable to challenger brand marketing for the rest of 2021 and 2022 Read More...
View articleOmnichannel marketing presents an opportunity to marketers but requires better use of data Read More...
View articleThe dark horse your business needs to outperform competition and win at search Read More...
View article