Acast Raises $35 Million Series C To Fuel The Voice Revolution

Swedish podcast advertising and distribution platform Acast raised $35 million in a Series C funding round from a group of European investors. The latest round, announced Wednesday, brings the company’s total funding to $67 million. Acast, which operates in eight countries, will use the funds to expand into new and non-English speaking markets and developContinue reading »

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iHeartMedia To Acquire Programmatic Radio Platform Jelli

Radio giant iHeartMedia said Monday it will acquire programmatic radio platform Jelli. Terms of the deal were not disclosed. iHeartMedia has been working with Jelli since 2015 to power its private marketplace, SoundPoint, which represents programmatic inventory on its 850 broadcast radio stations. Jelli also powers Katz Expressway, the independent programmatic marketplace run by radioContinue reading »

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Pandora Launches Podcast Genome Project To Fix Discovery And Monetization

Pandora is making the podcast listening experience better for people and more monetizable for advertisers. The streaming platform revealed the beta version of its Podcast Genome Project, a discovery algorithm that recommends podcast episodes to listeners, based on their habits and searches. The beta will roll out to 1% of Pandora’s user base Tuesday andContinue reading »

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Horizon To Use Programmatic Radio Platform Jelli For Upfronts

Horizon Media wants to be at the forefront as broadcast radio buying becomes more automated and data-driven. On Tuesday, Horizon said it would use programmatic radio platform Jelli for all of its radio upfront planning and buying – typically where advertisers spend at least half of their annual budgets. The media agency, one of theContinue reading »

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Adobe Teams Up With A Million Ads To Launch Dynamic Creative For Audio

Audio ads should be personalized, too. That’s the thought behind Adobe’s partnership with A Million Ads, which powers dynamic creative optimization in digital and programmatic audio, announced Monday. Adobe launched programmatic audio capabilities in July 2017, after receiving an uptick in demand from its customer base, said Justin Merickel, VP of media optimizer at AdobeContinue reading »

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Why Launching A Podcast Network Was A No-Brainer For Turner

While Turner divisions like CNN and Bleacher Report have been producing podcasts for years, the broadcast giant never formalized a podcast sales strategy across its network. But with podcast advertising poised to double to $659 million by 2020, according to the IAB and PwC, it made sense for Turner to extend the reach from itsContinue reading »

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Podcast Upfront 2018: Networks Get Numbers To Back Up Their Shows

  If there’s one takeaway from the IAB’s fourth annual Podcast Upfront in New York City on Thursday, it’s that richer measurement has made podcast advertising more enticing to ad buyers. This year, Apple and Spotify began sharing more granular analytics with publishers, and the IAB released the 2.0 spec of its podcast measurement technical guidelines. “This willContinue reading »

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Dial Report And WideOrbit Team Up To Bring Radio Attribution Into The Digital Age

As media becomes more measurable, buyers are demanding tangible business results across every channel. Terrestrial radio is no exception. That’s why on Wednesday, radio attribution platform Dial Report joined forces with broadcast trafficking and sales platform WideOrbit to enhance its closed-loop attribution system for broadcast radio. “The collaboration with WideOrbit is making our data better,”Continue reading »

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Spotify Leaves AdsWizz Platform After Pandora Acquisition

Spotify has terminated its relationship with AdsWizz since Pandora acquired the programmatic audio platform for $145 million in March. Spotify confirmed the news Tuesday, shortly after Pandora’s second quarter earnings call. “We did sunset our partnership with AdsWizz,” said Spotify in an emailed statement to AdExchanger. “That being said, we remain dedicated to offering advertisersContinue reading »

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Spotify Hopes Programmatic Will ‘Dramatically’ Expand Margins

While most of Spotify’s ad-supported revenue comes from direct-sold inventory, its programmatic self-serve platform is growing fast – and now brings in 20% of total ad revenue. In Q1, Spotify reported that its programmatic revenue grew 94% in 2017 but did not break out a figure. Spotify launched its self-serve platform, Ad Studio, in theContinue reading »

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