New Data Shows 50% of Viewers Chose to Watch Ads, Improving Their TV Experience and Increasing Time Spent Interacting with Brands
NEW YORK, October, 9 2017 – true[X], the most effective engagement advertising platform for on-demand, interactive media, and Innovid, the world’s leading video marketing platform, today announced their first-to-market strategic partnership that powers Engagement Ads for living room TV devices. This partnership has debuted with the launch of engagement-powered viewing for FX Network’s Fall 2017 content on the Roku platform and is now available to all true[X] long-form video partners. Over the coming months, choice-driven ads will be rolled out across all Fox Network Groups living room apps via many streaming devices.
As consumer consumption of digital video viewing surges from over-the-top (OTT) devices, this type of advertising model is particularly interesting for leading brand marketers to tap into the power of interactive advertising in TV. true[X], using the Innovid platform, has created Engagement Ads purpose-built for living room devices. By interacting with an Engagement Ad, viewers are given the ability to watch their content with significantly reduced ad loads while guaranteeing the full attention of the viewer with a marketing message.
“By offering the viewer a better TV experience, marketers have a more effective way to capture the time and attention of consumers harnessing the power of video,” said Tal Chalozin, co-founder and CTO at Innovid. “The results speak for themselves--with this new ad model, marketers regain their engagement through TV with consumers in a more effective manner. We’ve always believed in building technology that will power the reinvention of TV. Living rooms remain the holy grail for premium experiences, and Innovid is proud to partner with true[X] to bring this digital viewing experience to life.”
According to Innovid’s recent Global Benchmarks Report, advertising spent on living room devices has steadily increased, growing more than four times year-over-year as viewership continues to rise. The data validates Innovid’s ongoing leadership and investment in OTT, and the company’s commitment to creating consistent, high-quality user experiences for TVs and living room devices.
Originally launched in 2007 for desktop, true[X] engagement advertising has improved viewer experiences and delivered higher brand performance for advertisers on desktop, mobile, tablet, and now on connected devices. Digital video viewership is growing exponentially on connected TV devices, making them a priority platform for TV networks such as FOX, where the fastest growth in on-demand viewership is occurring through connected devices on TVs. The true[X] engagement ad model offers real value for viewers by reducing ad load while also delivering market-leading returns for marketers through increased viewer attention to brand Engagement Ads.
“Innovation in this space is crucial when it comes to reaching both ‘cord-cutters’ and ‘cord-nevers,” said Ed Davis, Chief Product Officer at true[X]. “We’ve spent a considerable amount of time ideating, developing, and testing our ad model to achieve the best viewing experience while increasing value for brand advertisers. Innovid has brought a wealth of knowledge and experience to the table during this process.”
For true[X]: Caroline McCarthy, VP Communications
(646) 650-2042 x700
For Innovid: Rachel Conforti, Senior Director of Communications
(212) 966-7555 x242
true[X] delivers effective advertising for on-demand, interactive media. We believe that ads should be enabling rather than interruptive, and have built the definitive engagement advertising system around our core product of true[ATTENTION], which delivers on the promise of “zero waste” advertising. true[X] provides the best advertising experience for consumers, the best monetization for premium publishers and the best return for brand advertisers.
Originally founded in 2007, true[X] pioneered the engagement-based ad model and is headquartered in Los Angeles and New York, with offices in Chicago, Atlanta, Detroit and Seattle. true[X] is an independently run subsidiary of 21st Century Fox. For more information, visit www.truex.com or follow us on Twitter @truex.
Innovid is the world’s #1 online video marketing platform, delivering more video than any company across PCs, tablets, mobile phones, smart TVs and streaming devices. Innovid helps leading advertisers and agencies leverage the power of data to create interactive and personalized video that delivers 80 percent higher performance than traditional pre-roll. Most recently, Innovid was featured in Business Insider’s 19 Most Interesting Ad-Tech Startups of 2017. Please visit www.innovid.com for more information.