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FIVE MAIN TACTICS FOR THE RADIO
BUSINESS TO DEPLOY AND DEVELOP IN
2018
An overview of best practices from Europe and the U.S.
Yuri Loburets, Director Radio
The knowledge and best
practices reference centre
43 143
41
75
1200
Speaking about radio…
www.egta.com
Same challenges and changes
• Transformation of radio as a medium
• Changed distribution landscape
• Audience acquisition and retention
• Competition for advertising investments
“2018 is the year we become
less about prediction and
more about creating reality.”
- Jay Green, Cadence13
Make the most from
broadcast radio
www.egta.com
Making radio easier and nicer to buy
Automation and programmatic for radio
(Jelli, Adremes, J-ET)
• Clients expect automation and self service
• Reduce transaction costs on both sides
• Leverage data and consumer insights
• Improve efficiency and ROI
• Real-time optimisation and reporting
• Monetisation of a broader spectrum of inventory
www.egta.com
Presentation and client service
Open Square
by Rai Pubblicità
• New marketing and booking tool
• Give clients an option to chose how
to interact with your sales team
• New generation of CRM
www.egta.com
New categories of clients + KPI based approach
Where do we go beyond
broadcast?
www.egta.com
How Silicon Valley Reengineered Media
Source:Tow Center for
Digital Journalism report,
March 2017
Filter and prioritise
platforms
www.egta.com
Questions to ask yourselves
• Is there an audience?
• Is it a “radio” audience?
• Will it grow?
• Do we have an idea what to do there?
• Do we know how to monetise it?
www.egta.com
“Skittles” analysis
• Analogue broadcast
• Digital broadcast
• Web
• Desktop application
• iOS apps
• Android apps
• CarPlay
• Android Auto
• Smartwatches
• Smartspeakers
• YouTube
• TuneIn
• Podcasts
• Video streams
• Hybrid radio
• Social media
• Soundcloud
• TV
• Messengers
Inspired by presentation of Ivan Kolpakov, Meduza.io
Is there an audience?
Is it “a radio” audience?
Will it grow?
Do we have an idea what to do there?
Do we know how to monetise it?
www.egta.com
Karnaval Media (Turkey)
www.egta.com
Karnaval Media (Turkey)
Develop non-linear products
for new platforms
www.egta.com
Source: “Music Consumption: The Overall Landscape 2017”, AudienceNet/LOOP
Listening to music radio brands
(AM/FM) online accounts for 2%-4%
TSL across all demographics.
(Smart) Radio for
smartphones
www.egta.com
www.egta.com
Non-linear radio
Fresh stats from Ruediger Landgraf, PD KRONEHIT, Austria
• 168.000 installs since mid 2017
• 35% of logged-in listeners
• Logged-in listeners listen 44% longer than non logged-in
• Average skip-rate is 15%
• Over 1 million audio spots played (via Adswizz)
(Smart) Radio for
smartpeakers
www.egta.com
Smartspeakers are booming
• The fastest growing electronic device category ever – 129%
in 2017
• Almost 40 million Americans have smart speakers at home
• 45% of them plan to purchase another speaker
• 69% of owners have encouraged their friends to get a
speaker
Sources: Smart Audio Report, Edison Research 2017, eMarketer, Juniper Research
www.egta.com
www.egta.com
The U.S. case – recommendations for radio
• Develop own app/skill for smart speaker and promote it
• Simulcast won’t work – radio product for smart speakers has to be
interactive, personalized and with on-demand capabilities
• Educate your audience about smart speakers, integrate speakers in on-
air shows scripts and use its interactive capabilities to engage audience
(polls, quizzes, etc.)
• Try and experiment with the interactivity component for storytelling
• Deploy interactive and personalized advertising (InstreamaticAI, A
Million Ads etc.)
Non-broadcast platforms
require a non-broadcast
approach for audio advertising
www.egta.com
The challenge of mobile ads
• Ads have not been optimised for mobile
• Format borrowed from desktop
• Planning borrowed from broadcast
• Obstructive
• Not native to user experience
• Limited attention (scrolling)
• Fat Thumbs
• Not visible
• Not clickable
• Negative experience
www.egta.com
Pandora’s approach to advertising
• Who – data-supported insights about the audience of a
given message and how it resonates with the target
audience of a product.
• When – what is the right time to start a conversation, not to
interrupt or intrude, rather than hammering listeners with
commercials when they are not actually receptive.
• How – what is the best format to deliver a message and
how to personalise it.
www.egta.com
Data driven
Source: “Making Data work for radio”, 2017 egta
www.egta.com
Speaks to you
www.egta.com
Contextual
Intelligent Ad delivery:
• Fundamental ad timing
• Context aware
www.egta.com
Reward based advertising for audio
Opt-in advertising:
• Provide tangible value to listener
• Beneficial for listener, advertiser and
publisher
• Engaging
• Positive feedback
• High CPA
www.egta.com
Interactive audio ads
• Voice is the new click
• Interactive audio ads allow consumers to respond directly to
advertised offers when listening to audio content on their mobile
device
And some other tactics to
discover in 2018…
www.egta.com
What else can radio do
• New approach to B2B and B2C marketing
• Leverage your loyal audience and reach – events, partnerships
• Use online data to inform your programming decisions
• Prove that radio advertising works – do ROI research
• New business model - subscription based audio
• Cooperate with other radios - look beyond traditional competition
www.egta.com
Thank you!
Yuri Loburets
Director Radio at egta
yuri.loburets@egta.com
@Kantar_Media KantarMediaGlobal
company/kantar-media
@KantarMedia
+KantarMedia
A propos de Kantar Media
Kantar Media est l’acteur majeur des données et analyses médias.
Partout dans le monde nous apportons à nos clients la "media data"
nécessaire à la prise de décisions éclairées dans tous les domaines de la
mesure, du suivi et des stratégies médias.
Rattaché au groupe Kantar, la branche de WPP dédiée au management
de données, Kantar Media propose les informations les plus complètes et
précises sur la consommation des médias, leur performance et la valeur
médiatique.
Retrouvez tous nos insights sur www.kantarmedia.com
© Kantar Media
www.salondelaradio.com
www.european-show.radio

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Five main tactics for the radio business to deploy and develop in 2018 by egta @ European Radio and Digital Audio Show 2018

  • 1. FIVE MAIN TACTICS FOR THE RADIO BUSINESS TO DEPLOY AND DEVELOP IN 2018 An overview of best practices from Europe and the U.S. Yuri Loburets, Director Radio
  • 2. The knowledge and best practices reference centre 43 143 41 75 1200
  • 4. www.egta.com Same challenges and changes • Transformation of radio as a medium • Changed distribution landscape • Audience acquisition and retention • Competition for advertising investments
  • 5. “2018 is the year we become less about prediction and more about creating reality.” - Jay Green, Cadence13
  • 6. Make the most from broadcast radio
  • 7. www.egta.com Making radio easier and nicer to buy Automation and programmatic for radio (Jelli, Adremes, J-ET) • Clients expect automation and self service • Reduce transaction costs on both sides • Leverage data and consumer insights • Improve efficiency and ROI • Real-time optimisation and reporting • Monetisation of a broader spectrum of inventory
  • 8. www.egta.com Presentation and client service Open Square by Rai Pubblicità • New marketing and booking tool • Give clients an option to chose how to interact with your sales team • New generation of CRM
  • 9. www.egta.com New categories of clients + KPI based approach
  • 10. Where do we go beyond broadcast?
  • 11. www.egta.com How Silicon Valley Reengineered Media Source:Tow Center for Digital Journalism report, March 2017
  • 13. www.egta.com Questions to ask yourselves • Is there an audience? • Is it a “radio” audience? • Will it grow? • Do we have an idea what to do there? • Do we know how to monetise it?
  • 14. www.egta.com “Skittles” analysis • Analogue broadcast • Digital broadcast • Web • Desktop application • iOS apps • Android apps • CarPlay • Android Auto • Smartwatches • Smartspeakers • YouTube • TuneIn • Podcasts • Video streams • Hybrid radio • Social media • Soundcloud • TV • Messengers Inspired by presentation of Ivan Kolpakov, Meduza.io Is there an audience? Is it “a radio” audience? Will it grow? Do we have an idea what to do there? Do we know how to monetise it?
  • 18. www.egta.com Source: “Music Consumption: The Overall Landscape 2017”, AudienceNet/LOOP Listening to music radio brands (AM/FM) online accounts for 2%-4% TSL across all demographics.
  • 21. www.egta.com Non-linear radio Fresh stats from Ruediger Landgraf, PD KRONEHIT, Austria • 168.000 installs since mid 2017 • 35% of logged-in listeners • Logged-in listeners listen 44% longer than non logged-in • Average skip-rate is 15% • Over 1 million audio spots played (via Adswizz)
  • 23. www.egta.com Smartspeakers are booming • The fastest growing electronic device category ever – 129% in 2017 • Almost 40 million Americans have smart speakers at home • 45% of them plan to purchase another speaker • 69% of owners have encouraged their friends to get a speaker Sources: Smart Audio Report, Edison Research 2017, eMarketer, Juniper Research
  • 25. www.egta.com The U.S. case – recommendations for radio • Develop own app/skill for smart speaker and promote it • Simulcast won’t work – radio product for smart speakers has to be interactive, personalized and with on-demand capabilities • Educate your audience about smart speakers, integrate speakers in on- air shows scripts and use its interactive capabilities to engage audience (polls, quizzes, etc.) • Try and experiment with the interactivity component for storytelling • Deploy interactive and personalized advertising (InstreamaticAI, A Million Ads etc.)
  • 26. Non-broadcast platforms require a non-broadcast approach for audio advertising
  • 27. www.egta.com The challenge of mobile ads • Ads have not been optimised for mobile • Format borrowed from desktop • Planning borrowed from broadcast • Obstructive • Not native to user experience • Limited attention (scrolling) • Fat Thumbs • Not visible • Not clickable • Negative experience
  • 28. www.egta.com Pandora’s approach to advertising • Who – data-supported insights about the audience of a given message and how it resonates with the target audience of a product. • When – what is the right time to start a conversation, not to interrupt or intrude, rather than hammering listeners with commercials when they are not actually receptive. • How – what is the best format to deliver a message and how to personalise it.
  • 29. www.egta.com Data driven Source: “Making Data work for radio”, 2017 egta
  • 31. www.egta.com Contextual Intelligent Ad delivery: • Fundamental ad timing • Context aware
  • 32. www.egta.com Reward based advertising for audio Opt-in advertising: • Provide tangible value to listener • Beneficial for listener, advertiser and publisher • Engaging • Positive feedback • High CPA
  • 33. www.egta.com Interactive audio ads • Voice is the new click • Interactive audio ads allow consumers to respond directly to advertised offers when listening to audio content on their mobile device
  • 34. And some other tactics to discover in 2018…
  • 35. www.egta.com What else can radio do • New approach to B2B and B2C marketing • Leverage your loyal audience and reach – events, partnerships • Use online data to inform your programming decisions • Prove that radio advertising works – do ROI research • New business model - subscription based audio • Cooperate with other radios - look beyond traditional competition
  • 36. www.egta.com Thank you! Yuri Loburets Director Radio at egta yuri.loburets@egta.com
  • 37. @Kantar_Media KantarMediaGlobal company/kantar-media @KantarMedia +KantarMedia A propos de Kantar Media Kantar Media est l’acteur majeur des données et analyses médias. Partout dans le monde nous apportons à nos clients la "media data" nécessaire à la prise de décisions éclairées dans tous les domaines de la mesure, du suivi et des stratégies médias. Rattaché au groupe Kantar, la branche de WPP dédiée au management de données, Kantar Media propose les informations les plus complètes et précises sur la consommation des médias, leur performance et la valeur médiatique. Retrouvez tous nos insights sur www.kantarmedia.com © Kantar Media www.salondelaradio.com www.european-show.radio