Here’s today’s AdExchanger.com news round-up… Want it by email? Sign up here.
PE Strikes Again
Private equity firm GTCR on Thursday snapped up a majority stake in Simpli.fi, the programmatic ad platform helmed by Frost Prioleau, for an undisclosed sum. “They're stepping into the shoes of our existing shareholders,” including Progress Ventures, Prioleau tells AdExchanger. He added that GTCR, which also has a position in Cision, is poised to make further investments in the ad tech arena. Press release. Viva la roll-up!
Facebook launched Watch on Thursday with original scripted and reality shows, sports content from broadcasters and video from publishers like Refinery29 and Tastemade. Eventually, “the teenager in her garage will be able to participate in this,” Facebook partnerships VP Dan Rose told Variety, signaling Watch’s future may be more YouTube than Netflix. Facebook is paying publishers to produce shows for now, but that won’t necessarily last, and publishers are already trying to get advertisers on board. Business Insider, Attn and Tastemade are talking to advertisers about branded programming, Digiday reports. Facebook plans to run mid-roll ads within Watch content. “We have extensive, ongoing interest from partners wanting to work with us on Facebook, period,” said Matthew Segal, co-founder of Attn. “I don’t see why that would preclude Watch.” More.
Agency holding companies aren’t the only victims of the zero-based budgeting trend. Twitter and Snap could be hurt by a “looming advertising recession” in the US, according to Aegis Capital investor Victor Anthony, as advertisers pull spend from non-core buys. Facebook and Google, however, will be unscathed as they capture the majority of digital spend, which is driving advertising growth across markets. "We are at the early stages of an ad recession that is going to get worse for just about everyone not named Google and Facebook," an agency source told Anthony. More at Barron’s.
But Wait, There’s More!
- The Smartphone’s Future: It’s All About The Camera - NYT
- US Judge Rules Yahoo Must Face Data Breach Victim Litigation - Reuters
- Inneractive Launches Clean Market Initiative - release
- The Trade Desk Taps White Ops For Ad Fraud Monitoring - Adweek
- Time Spent On Snapchat Is Rising Despite Instagram Cloning - Recode
- Disney To Cut Staff At ABC Television Group - WSJ
- Spotify Deepens Programmatic Ambition With Gierlinska Hire - Campaign
- YouTube Taps Tom Blessington To Lead Brand Strategy - Variety
Correction: This story previously referred to Prospect Partners as a shareholder in Simpli.fi. Prospect Ventures is the correct name of the previous shareholder.