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Submission: On October 31 via api from US — Scanned from DE
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I Consent * Topics * Marketers * Agencies * Publishers * Technology * Platforms * Identity * Measurement * Data Privacy * Artificial Intelligence * CTV * Commerce * AdExplainer * Exclusive Report * Daily News Roundup * Opinion * All Columns * Data-Driven Thinking * On TV & Video * The Sell Sider * Content Studio * Comic * Contributor Guidelines * About Us * Advertise * Newsletter * About Us * Contact Us * Events * Programmatic I/O 2023 New York * Programmatic I/O 2024 Las Vegas * Programmatic I/O 2024 New York * AdExchanger Awards * Webinars * All Events * Network Events * Podcasts * AdExchanger Talks * The Big Story * Programmatic I/O New York * Subscribe * Sign In Search * Sign In * Search TOPICS * Marketers * Agencies * Publishers * Technology * Platforms * Identity * Measurement * Data Privacy * Artificial Intelligence * CTV * Commerce * AdExplainer * Exclusive Report * Daily News Roundup -------------------------------------------------------------------------------- OPINION * All Columns * Data-Driven Thinking * On TV & Video * The Sell Sider * Content Studio * Comic * Contributor Guidelines -------------------------------------------------------------------------------- EVENTS & AWARDS * Programmatic I/O 2023 New York * Programmatic I/O 2024 Las Vegas * Programmatic I/O 2024 New York * AdExchanger Awards * Webinars * All Events * Network Events -------------------------------------------------------------------------------- PODCASTS * AdExchanger Talks * The Big Story -------------------------------------------------------------------------------- MEMBERSHIP * Member Exclusives * Sign Up -------------------------------------------------------------------------------- ABOUT US * Advertise * Newsletter * About Us * Contact Us -------------------------------------------------------------------------------- CONNECT * * * OMNICOM PLANTS ITS FLAG IN COMMERCE MEDIA WITH AN $835 MILLION DEAL FOR FLYWHEEL DIGITAL | ADEXCHANGER Home Commerce Omnicom Plants Its Flag In Commerce Media With An $835 Million Deal For Flywheel Digital commerce OMNICOM PLANTS ITS FLAG IN COMMERCE MEDIA WITH AN $835 MILLION DEAL FOR FLYWHEEL DIGITAL By James Hercher Monday, October 30th, 2023 – 3:08 pm SHARE: LinkedInEmailXFacebookShare The holdcos really want to cash in on the retail and commerce media trend. On Monday, Omnicom entered the ecommerce marketplace services space in a big way with an $835 million deal to buy Flywheel Digital. Founded in 2014, Flywheel was one of the first players in the now-crowded category of Amazon ad agency specialists. It was acquired by Ascential, a UK-based consultancy and B2B media business, for roughly $60 million in 2018, including up to $400 million in earn-outs over three years. Omnicom will add around 2,000 Flywheel employees as well as the company’s co-founding team, including current Ascential CEO Duncan Painter, who now becomes head of Omnicom’s ecommerce and retail media practice. Get the Flywheel going Flywheel, which has a suite of tools to help enterprise brands manage their ecommerce efforts, was a direct competitor of Omnicom’s, and the two also had many overlapping accounts, Omnicom CTO and EVP Paolo Yuvienco told AdExchanger. But what Flywheel provides is new to traditional agency structures. For instance, an important part of Flywheel’s services is to manage product pages, warehousing, inventory movement and product pricing across sometimes dozens or hundreds of sites. For a time, these needs were unique to Amazon, Yuvienco said. That led to the rise of Amazon-only ad agencies like Flywheel, Marketplace Ignition (which was bought WPP) and The Ortega Group, (now owned by Tinuiti). But now there’s Walmart Connect, Target’s Roundel, Kroger, Albertson’s and a host of other large retailers that have launched scaled retail media networks. Each network has similar dynamics as Amazon, Yuvienco said, which means that agencies need to have in-house commerce marketplace chops in order to keep up. Commerce data grab Subscribe ADEXCHANGER DAILY Get our editors’ roundup delivered to your inbox every weekday. DAILY ROUNDUP Daily News Roundup GROUPM NORTH AMERICA SAYS GOODBYE TO KIRK MCDONALD; META’S GAMBIT PAYS OFF Flywheel also “comes with massive amounts of data,” Yuvienco said, “almost equal to what we have with Omni.” You can think of Omni as the holdco’s metadata hub. It spots trends and patterns of how different audiences and media are performing. Rather than tracking individuals – Omni isn’t itself an identity graph – it analyzes data at the metadata level to see what insights can be pulled from its aggregated media-buying info. Flywheel will contribute greatly to Omnicom’s dataset, Yuvienco said. Although it doesn’t have user-level payment data like Amazon has to run closed-loop attribution, it does have aggregated, non-PII information about product sales. Flywheel sees how products are displayed and where they’re purchased around the web, he said, which provides another layer on top of Omnicom’s audience and behavioral data. “Ultimately, our clients are looking to drive higher sales,” Yuvienco said. “That’s the reason why we exist.” Next In Commerce HOW NCSOLUTIONS WENT FROM PULLING INFO FROM STORE RECEIPTS TO CLOUD SHOPPER DATA SELLER RELATED STORIES * commerce PINTEREST LEANS FURTHER INTO COMMERCE ADVERTISING WITH NEW FEATURES AND SHOPPING API * startups JUST SAY NO TO CALLING YOURSELF CRYPTO AND OTHER LESSONS FROM THE INC. 5000 LIST * Retail Media KROGER ADDS CTV INVENTORY TO ITS RETAIL MEDIA OFFERING * commerce THE HOME DEPOT’S PATH TO BECOMING A GLOBAL ADVERTISING PLAYER MUST READ Previous Data AD TARGETING AND MEASUREMENT ON DISNEY+ GETS AN UPGRADE Disney is celebrating the first birthday of ad-supported Disney+ with a new slate of targeting and measurement options for advertisers. 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Measurement NIELSEN WON’T SUNSET C3 AND C7 RATINGS NEXT YEAR Nielsen told its clients on Thursday that it will not, in fact, be sunsetting its average commercial minute (C3 and C7) ratings by September of next year as planned. CTV PARAMOUNT IS GIVING BUYERS MORE DIRECT ACCESS TO ITS INVENTORY Paramount unveiled a new ad product called Conduit, a direct integration layer between SSPs and EyeQ, Paramount’s CTV ad selling platform that aggregates Paramount+ and Pluto TV inventory. Online Advertising THE CUSTOM BIDDER STARTUPS TAKING ON THE WALLED GARDENS The growing popularity of platform-based custom bidders has helped normalize the idea of AI-based bidding, giving a boost to a small market of programmatic-focused non-platform customer bidding startups that existed before the walled garden versions. CTV THE TV BUNDLE IS MAKING A COMEBACK TV industry vets convened at the National Association of Broadcasters (NAB) show in New York City last week to discuss the streaming industry’s maturation. Data AD TARGETING AND MEASUREMENT ON DISNEY+ GETS AN UPGRADE Disney is celebrating the first birthday of ad-supported Disney+ with a new slate of targeting and measurement options for advertisers. Data Privacy Roundup WEBSITE TAGS ARE YOUR NEW (AND OLD) BEST FRIEND Although website tagging doesn’t get much attention, it’s a key element of first-party data capture and post-cookie measurement, says Karen Stocks, Google’s VP of global measurement. Measurement NIELSEN WON’T SUNSET C3 AND C7 RATINGS NEXT YEAR Nielsen told its clients on Thursday that it will not, in fact, be sunsetting its average commercial minute (C3 and C7) ratings by September of next year as planned. Next * 1 * 2 * 3 * 4 * 5 * 6 * 7 POPULAR 1. Data AD TARGETING AND MEASUREMENT ON DISNEY+ GETS AN UPGRADE Disney is celebrating the first birthday of ad-supported Disney+ with a new slate of targeting and measurement options for advertisers. 2. Online Advertising THE CUSTOM BIDDER STARTUPS TAKING ON THE WALLED GARDENS The growing popularity of platform-based custom bidders has helped normalize the idea of AI-based bidding, giving a boost to a small market of programmatic-focused non-platform customer bidding startups that existed before the walled garden versions. 3. Data Privacy Roundup WEBSITE TAGS ARE YOUR NEW (AND OLD) BEST FRIEND Although website tagging doesn’t get much attention, it’s a key element of first-party data capture and post-cookie measurement, says Karen Stocks, Google’s VP of global measurement. 4. CTV PARAMOUNT IS GIVING BUYERS MORE DIRECT ACCESS TO ITS INVENTORY Paramount unveiled a new ad product called Conduit, a direct integration layer between SSPs and EyeQ, Paramount’s CTV ad selling platform that aggregates Paramount+ and Pluto TV inventory. 5. CTV THE TV BUNDLE IS MAKING A COMEBACK TV industry vets convened at the National Association of Broadcasters (NAB) show in New York City last week to discuss the streaming industry’s maturation. Join the AdExchanger Community Join Now YOUR TRUSTED SOURCE FOR IN-DEPTH PROGRAMMATIC NEWS, VIEWS, EDUCATION, AND EVENTS. AdExchanger is where marketers, agencies, publishers and tech companies go for the latest information on the trends that are transforming digital media and marketing, from data, privacy, identity and AI to commerce, CTV, measurement and mobile. 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