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Video ad spend expected to rise 16%, surpassing linear TV this year

Martech

digital video ad spend is expected to hit $63 billion in 2024, a 16% increase from the previous year, according to projections from IAB’s “2024 Digital Ad Spend & Strategy Report.” For the first time, digital video — which includes CTV, social video and online video — will claim a higher share of budgets than linear TV.

Retail 109
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LinkedIn introduces CTV ads for B2B campaigns

Search Engine Land

LinkedIn today introduced CTV ads, allowing marketers to include ads on CTV platforms in their B2B campaigns. CTV is a growing channel for many marketers, including B2B businesses. Building on video. Marketers who have created a video ad simply log into Campaign Manager and choose an objective. Driving results.

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Google unveils new ways to reach streaming audiences

Search Engine Land

The big idea: With streaming continuing to fragment audiences across various platforms and services, ad giants are competing to offer marketers unified solutions for reaching those viewers. Why we care: This new means of doing programmatic will allow advertisers to manage video campaigns much more quickly through an already familiar platform.

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TikTok testing virtual influencers for video ads

Search Engine Land

The new AI avatars can allegeldy read scripts for video ads created from prompts submitted by brands and TikTok Shop sellers. However, this feature is still in its testing phase so everything is subject to change, reports The Information. This is reportedly why the new feature hasn’t been made available to marketers yet.

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Internet advertising up 7.3%, reaching record high in U.S.

Martech

percent increase year-over-year, according to the latest IAB report on U.S. Dig deeper: Google’s Privacy Sandbox: What you need to know Video. Video advertising saw 10.6% Forty-two percent of the revenue came in CTV and OTT, according to “IAB/PwC Internet Ad Revenue Report, FY 2023.” Social rebound.

Retail 101
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Google and world’s largest ad group announce landmark AI collaboration

Search Engine Land

PPC experts have consistently emphasized the importance of leveraging AI to stay ahead in marketing. The UK-based ad company reported a global revenue of $18.9 Google Cloud’s advanced gen AI tools will be integrated with WPP’s proprietary marketing and advertising data. Why we care. How it will work.

Campaign 135
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LinkedIn’s most effective posting strategies unveiled by new study

Search Engine Land

After thorough investigation, researchers concluded that brands and marketers should consider the following to enhance their performance on LinkedIn: Opt for multi-image posts for maximum engagement. Prioritize video content to increase the likelihood of your posts being shared on LinkedIn. Video posts. Key findings.