“We think these numbers demystify myths about publishers making their inventory available programmatically,” Gabriner said. “More than half saw their fill rates increase and more than 55% said they’d leverage private marketplaces going forward. This indicates to me that long- to mid-tail to premium all see this as a way to connect in and do business with the buy side.”
On the buyer side, how are marketers shifting budgets to fund online video buys? While past surveys indicated marketers did not draw from television budgets, tides have shifted.
Although 50% of brands said they will move money from standard display to account for programmatic video, a close second was cable TV, at 40%, and broadcast TV, at 33%. This beat both print and out-of-home for the source of shift in ad budgets to account for video.
“There is not this delineation of video being just a subset of display anymore,” Gabriner said. As channels converge, marketers are beginning to move budget more fluidly between cable/broadcast and video. “Also, as data drives television more, it’s just a factor that’s driving those things together. Video is thought of in a larger, (more blurred) way with television.”
Despite programmatic video’s maturation, there are still areas that require clarification. For instance, while online video inventory is often labeled as “premium,” what has been traditionally considered "premium" in TV are broadcast buys and much of that inventory isn't available on the open exchanges.
Is all online video equally premium? When asked whether “in-stream” or “in-banner” constitutes premium inventory, Gabriner said premium is in the eyes of the beholder and is dependent upon need. The advent of original programming and content by digital constituencies could feasibly command higher CPMs, and more nuanced formats could change what constitutes "premium" inventory.