New partnership covers 14 markets for all advertising inventory on the LG Smart TV Ad platform.
smartclip, Adconion Media Group’s multiscreen video and brand advertising platform, and LG Electronics announced today that smartclip will monetise all ad inventory on the LG Smart TV Platform across Europe, Russia and Australia. The partnership with LG Smart TV offers advertisers a vast range of branding possibilities, enabling brand marketers to extend their reach to new audiences with these new smart devices and engage with them on additional levels through the TV screen.
The agreement between smartclip and LG Electronics will give advertisers access to the entire ad inventory on the LG Smart TV Platform, ranging from pre-roll and banner ads to unique and interactive ad formats, enhancing the viewer’s experience as well as offering refined targeting opportunities via ad-serving technologies.
Advertisers benefitting from the partnership between smartclip and LG Electronics will be at the forefront of digital advertising as early adopters of the new Smart TV technology. In addition, the controlled environment of the LG Electronics Smart TV Ad Platform offers a completely brand safe experience with efficiency and accuracy.
LG’s aim to provide top quality content and services for Smart TV users and bring the Smart TV eco-system alive were key factors in the decision to partner with smartclip’s flexible advertisement platform. The relationship will also help create new revenue streams for advertisers, with plans to incorporate the platform in a host of soon-to-be-released apps, as LG focuses its strategy on targeting content providers. The Connected TV phenomenon represents a whole new arena of lucrative business opportunities for advertisers and brand marketers and the LG Smart TV plays a vital role in the developing ecosystem of smart and increasingly connected devices.
Alex Littlejohn, President APAC at Adconion Media Group, explains: "Australia is a very important TV market so we are excited to be able to work together with one of the largest TV manufacturers worldwide on such an exciting product. We are beginning to see real interest in opportunities for smart TVs from advertisers. The convergence of TV and internet delivers new advertising opportunities for the new world of television”.
Young-jae Seo, Vice President of the Service Business Division of LG Electronics Smart Business Center says: “By forming a partnership with smartclip, the top global platform for multi-screen brand advertising, LG has secured an entrance to the European, Russian and Australian advertising markets”. He adds “Content developers and content service providers will be able to focus on top quality content provision based on this tangible profit-making business model and advertisers will also have great opportunities utilizing this effective marketing tool for global TV advertising campaigns.”
The LG Smart TV platform is accessible via all Smart TVs. This accessibility will be expanded to mobile and other consumer electronic goods in the future. smartclip will also be the preferred monetisation partner for any third party content apps on LG Smart TV. The smartclip technology is already integrated in over 100 Connected TV applications and the company has been selling and serving connected TV ads across Europe since 2009 . A large number of these publishers already have content present on the LG Smart TV .
--- ends ---
About LG Electronics, Inc.
LG Electronics, Inc. (KSE: 066570.KS) is a global leader and technology innovator in consumer electronics, mobile communications and home appliances. With 117 operations around the world, LG achieved global sales of USD 49 billion (KRW 54.26 trillion) in 2011. LG is comprised of four business units – Home Entertainment, Mobile Communications, Home Appliance, and Air Conditioning & Energy Solutions – and is one of the world’s leading producers of flat panel TVs, mobile devices, air conditioners, washing machines and refrigerators. For more news and information on LG Electronics, please visit www.LGnewsroom.com.
smartclip (www.smartclip.com) is a global multi-screen and brand advertising platform specializing in video ad formats across all Internet-connected devices including, smartphones, tablet PCs, gaming consoles, set-top boxes and connected TVs, in addition to the classic PC. The company helps advertisers and media agencies to reach targeted consumers. Publishers benefit from proprietary and innovative technology solutions for the monetization of their video content. smartclip is headquartered in Hamburg, Germany with major operations in Europe, Australia, the U.S. and Latin America, pushing the frontier of digital video advertising.
The company is a wholly owned subsidiary of Adconion Media Group, which has 24 offices serving 20 countries around the world.