'Mo Money, 'Mo Arguments About Time Spent With Media
Editor's Note: This blog entry has been updated from an earlier version, which incorrectly attributed Chia Chen's "free tickets" quote to MEC's Andy Wasef.
Chia Chen, senior vice president and North American mobile practice lead at Digitas went right for the money on the “Money Gap?” panel at the Mobile Insider Summit, saying that from an agency’s point-of-view, it’s not necessarily how the agency is structured, so much as how it’s media vendor partners are structured vis a vis mobile.
“We are an integrated agency,” he pointed out, adding. “For us, mobile is part of a mix.”
And then he reminded summit attendees that the mix is what influences budgets – or in the current economic environment, vice versa.
“one of the important parts of the question is what does mobile take away from,” he said, reminding, “There’s not an ever growing pot of media dollars. And as many of you are feeling right now, there is an increasing shrinkage of media dollars. How does mobile tie into the other digital channels?”
JiYoung Kim, senior vice president-strategy & new solutions at Interpublic’s Ansible unit, added that there is an inherent flaw in the way agencies are structured too, noting they tend to be siloed around specialist areas of practice.
“As agencies we were set up for channel conflict,” she said, citing: “Mobile specialists, social specialist, search specialists… there’s a specialist for everything in our industry. We’re not set up for the totality of media.” Set aside the whole notion of communications planning, etc., Kim has a valid point.
To which moderator Lon Otremba asked what the solution might be – “media Darwinism?”
To which Chen quipped something that is, and has long been an important industry truism: “Whoever has the best tickets to sporting events.”
Industry graft and patronage aside, the “Money Gap?” panel raises some important questions about the economics of mobile marketing as it relates to advertising budgets.
Ansible’s Kim pointed out that time spent with mobile has grown tremendously – doubling recently – while the total time spent with overall media has barely grown.
To which fellow panelist, Andy Wasef, head of mobile & emerging technologies at MEC, said you cannot apply analyst Mary Meeker’s argument that ad dollars should directly follow time spent with media, but that agencies and brands need to figure out the right share of media spending to put behind it.
Recent Show Daily Articles
-
Looking for more offline data for marketers -- in a online world May 23, 5:18 p.m.
A future big data grab for marketers -- and data companies -- is in collecting ...
-
Don't Believe The KPI Hype! May 23, 4:12 p.m.
Beware of baloney KPIs -- and Facebook “likes” in particular! So stressed experts on an afternoon ...
-
Evidon: W3C's Effort To Forge Do-Not-Track Agreement Has 'Already Failed' May 23, 3:11 p.m.
The Internet standards group World Wide Web Consortium has been trying for two years to figure ...
-
How McCormick Spiced Up Web Presence May 23, 2:35 p.m.
If you’re not aware, flavor company McCormick relaunched its Web site earlier this year. Trying to ...
-
Experian Takes Universal View Of Data May 23, 12:21 p.m.
Marcus Tewksbury, Global Vice President of Product Strategy, Experian Marketing Services, said the split between offline ...
-
Properly Valuing Data May 23, 12:02 p.m.
How do you come up with the right campaign metric for measuring success? "Does it impact ...
-
Lack Of Data About Data Drives Opportunity May 23, 12:02 p.m.
Richard Frankel, president, Rocket Fuel, argues there won’t be a standard for evaluating the value of ...
-
The Year Of Big Data? More Like The Decade Of Big Data May 23, 11:49 a.m.
Speaking at OMMA DDM in New York this afternoon, John Simpson, managing director, Blue State Digital, ...
-
HarperCollins' Boyle On Boiling Your Data May 23, 10:54 a.m.
Echoing the positions of other experts at OMMA DDB on Thursday, David Boyle, SVP of Consumer ...
-
That's Funny, David Boyle Doesn't Look Blueish May 23, 10:44 a.m.
David Boyle, the consumer insights guru at HarperCollins Publishers describes himself as a “data geek” and ...


Be the first to comment on "'Mo Money, 'Mo Arguments About Time Spent With Media"
Leave a Comment