UM Media Scoop: 3rd February 2023

Why is this important?

Video has already been a successful venture for Pinterest with the new Idea Pins allowing the platform to serve more than a billion video views a day. Users also say that video content is more likely to influence the actions they take.

We have seen their previous partnerships work well – one example is their partnership with Tastemade to scale creators, content series and live streaming on the app. With this context we can see that this partnership with Condé Nast could be a big win for Pinterest in driving engagement. This could also be beneficial for brands that are looking to tie into the same trends, since more interested users are spending more time on the platform. Read more.

Why is this important?

Spotify is leading the space for audio advertising, opting to serve ads on podcasts even for consumers who have a paid subscription. This makes the channel an exciting prospect for our clients as whilst these listeners may be unreachable via music streaming advertising on Spotify, the fact they have a paid membership suggests they are a high-value audience. Therefore, this makes podcast advertising a viable channel for reaching a premium audience at scale. Read more.

Why is this important?

Expanding API provides an increase in being able to access valuable data across different media platforms. This can be used to support the planning and buying of advertising campaigns, as well as to assess outcomes of campaigns. Read more.