Amy Reinhard, Netflix’s President of Advertising, took the stage at the streaming company’s third Upfront at the Perelman Performing Arts Center in Manhattan to highlight the growth of the ad-supported plan, which now reaches more than 94 million global monthly active users  – and more 18-34-year-olds than any other US broadcast or cable network. Ad-tier members in the US are highly engaged, spending an average of 41 hours per month on Netflix. 

“When you compare us to our competitors, attention starts much higher and ends much higher. And even more impressive, members pay as much attention to mid-roll ads as they do to the shows and the movies themselves,” Reinhard said.

What sets Netflix apart is “our ability to marry art and science, combining best-in-class technology with the shows and movies that everyone is talking about and watching,” Reinhard explained. “So while a lot of companies are either/or — either they have great technology, or they have great entertainment — our superpower has always been the fact that we have both. And because our audience is unique, engaged and attentive, a dollar spent on Netflix is more valuable than a dollar spent anywhere else.”

The Netflix Ads Suite, Netflix’s in-house advertising platform, is now live in the US and Canada, will be live in the coming days in EMEA, and available in all 12 ad-supported countries by June. To help explain the benefits of the new platform, R

Reinhard added: “By controlling our own ad tech, we’ll be able to deliver newer tools, better measurement, and more creative formats. The Netflix Ads Suite is also designed to help you tap into the magic that makes Netflix Netflix. And it does that in a few big ways.”

• Enhanced Data Capabilities: With Netflix Ads Suite, advertisers can now incorporate their first-party data, either through LiveRamp or directly with Netflix, so clients can match data sets for behavioural insights and targeting capabilities against Netflix’s ads audience. Netflix also opened third-party data access to partners like Experian and Acxiom.
• More Buying: The Netflix Ads Suite will offer more options and deal types, allowing clients to transact in whatever way works best for them. 
• Expanded Measurement: Netflix announced the development of new first-party measurement solutions, starting with a brand lift capability tying viewing behaviours to consumer brand perceptions.
• Creative Formats: Netflix debuted a new modular framework for ad formats that leverages generative AI to instantly marry advertisers’ ads with the worlds of our shows. This will create a better, more relevant experience for our members and drive the best results. Reinhard unveiled the first capability with interactive midroll and pause formats that build custom advertising creative with added overlays, call to action, second screen buttons, and more to serve the right ad to the right member at the right time. These formats will be available by 2026 in all ad-supported countries.
  

“So if you take away anything from today, I hope it’s this: the foundation of our ads business is in place. And going forward, the pace of progress is going to be even faster,” said Reinhard. “Plus, we already have the most important thing: the most engaged audience anywhere.”

Fueling Netflix Fandom

Marian Lee, Netflix’s Chief Marketing Officer, spoke directly to advertisers as “both a buyer and a seller […] We’re always looking for creative ways to build our brand and connect with fans. And when you partner with us, you will get the same treatment. The creative teams that work on our campaigns and drive conversation are the same ones that will work with your brands, too.”

“Today, everyone really is watching Netflix,” said Lee. “Last year, we had more shows in the Nielsen Top 10 than all other streaming services combined. And just last week, Nielsen reported that we have eight of the top 20 shows across broadcast, on-demand, and streaming.” 

Lee also announced several global co-branded creative campaigns coming this year, including Wendy’s, Cheetos and Booking.com for the highly anticipated second season of Wednesday.

“It’s all about bringing stories to life in ways none of us can do on our own. And that’s our idea of the perfect partnership,” she concluded.

Other posts by :

1. SES announces €0.25c dividend
2. Russia “blinding and destroying” German satellites
3. Bank: AST, Starlink, Kuiper targeting $200bn market
4. Rivada: Is no news good news?
5. SES celebrates Intelsat acquisition
6. Pakistan halts broadband direct-from satellite
7. India stymies Starlink launch
8. Starlink, AST SpaceMobile race for cellular consumers
9. Trouble ahoy for foreign D2D satellites over India?

Categories: Advertising, Articles, Premium, VOD

Tags: advertising, netflix, wednesday