What is up everyone my name is Chris Clark and welcome to episode # 39 of the digital madvertising pod cast! Its Monday June 3rd so lets dig into the top news stories in tech and marketing today.
Spotify's Announcement: Spotify has announced a price hike for its U.S. customers, marking the second increase within a year.
Effective Date: The new pricing takes effect in July for existing subscribers, while new subscribers will be charged the updated rates immediately.
Walmart: has launched an immersive shopping platform called Walmart Realm, aimed at enhancing the virtual shopping experience.
The debut was announced by Chief Marketing Officer William White via a LinkedIn post.Record-Breaking Spending: The 2024 US election is set to be the most expensive in history for political ad spending, with projections exceeding $12 billion according to eMarketer.
Challenges in Political Advertising
Misinformation Concerns: With rising concerns over misinformation and disinformation on social media platforms, there’s a need for more trustworthy advertising channels.
Limited TV Inventory: The limited availability of TV and connected TV (CTV) inventory has driven up prices, making these options less accessible for many campaigns.Digital Out of Home (DOOH) Advertising
Trust and Reach**: Digital out of home (DOOH) advertising emerges as a strong alternative due to its combination of trust and broad reach. According to a study by The Harris Poll for the OAAA, 73% of consumers have a favorable view of DOOH ads, compared to lower rates for other media channels: - Television/Video: 50%
- Social Media: 48%
- Online: 37%
- Audio: 32%
- Print: 31%
Advantages of DOOH
- **Non-Invasive**: DOOH is less intrusive, coexisting naturally within everyday environments like highways, malls, gas stations, gyms, and restaurants.
-Targeting Capabilities DOOH provides significant scale and targeting options to reach specific voter segments effectively.
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This Podcast is powered by Digital Ignite and recorded in Charleston, SC. Hosted by Chris Clark and Winnie Teal. Digital Madvertising is edited, produced & scored by the talented Connor Sage. Join us each week as we cover the wild wild west of digital marketing news, trends, and products.
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