NEW YORK--(BUSINESS WIRE)--Today, the FreeWheel Council for Premium Video (FWC) and the Video Advertising Bureau (VAB) announced a new initiative to provide guidance around buying premium video advertising as the medium grows and content proliferates across screens.
With this announcement, the FWC, an industry group comprised of over 30 publishers convened by FreeWheel, and the VAB are rolling out a document entitled “Buying Premium Video: A Definitive Checklist” that clearly outlines the factors that buyers and sellers should consider when engaging in video transactions.
“The urgency for greater accountability and transparency in the video advertising industry has never been more important. Yet too often, marketers are forced to settle for opaque environments, handing their hard-earned investment to a black box,” said Danielle DeLauro, Executive Vice President, VAB. “We are proud to partner with the FreeWheel Council for Premium Video to illustrate the higher standard of trust and capability delivered by premium video platforms, encouraging marketers to maximize brand growth and apply this checklist to all their video partners.”
The checklist sets forth three key factors that buyers should consider when buying premium video. These include:
- Quality Environment: Upholding audience trust and standards with trusted programmatic delivery, less clutter and an optimal viewing experience.
- Brand Safety: Holding partners accountable for brand requirements and avoiding objectionable content, with legitimate verification processes.
- Transparency & Legitimacy: Knowing exactly what you are buying, ensuring viewable ads are running in appropriate content, and seen by real people.
“We know that ads airing in premium video create positive experiences for viewers and fuel positive brand associations,” said Mark McKee, General Manager, FreeWheel. “But the industry lacks a clear definition of what ‘premium’ means. By partnering with the VAB and undertaking research to define premium video, we can advocate for transparency, quality and brand safety in video ad buying. This will help both buyers and sellers make more informed choices as the TV advertising industry continues to expand and evolve.”
As part of the Checklist, the FWC and the VAB are proposing a new, clear definition for premium video, based on research conducted by Comcast Advertising: Premium video is content delivered transparently, in a trusted, brand-safe environment, seen by real people within a high-quality viewing experience.
“Providing an exceptional viewing experience anchored by our premium content offerings across every screen and platform is one of Paramount’s core objectives in serving our advertising partners and audiences alike,” said Jarred Wilichinsky, SVP, Ad Operations, Paramount. “As more and more premium video inventory feeds into the marketplace, we are thrilled that the VAB has partnered with the FWC to equip buyers with the information they need to make the best buying decisions, ensuring that buyers’ dollars go farther in attracting and engaging viewers in truly premium environments.”
About The Video Advertising Bureau
The Video Advertising Bureau (VAB) – whose members include the national TV networks alongside a broader community of influential media companies – plays a dual role in the video advertising industry. VAB is fiercely advocating for the changes that bring about a more innovative and transparent marketplace. VAB also provides the insights and thought leadership that enables marketers to develop business-driving marketing strategies. Visit VAB online and access its continuously growing content library at https://thevab.com/.
About FreeWheel Council for Premium Video
Founded in 2015 and headquartered in New York, the FreeWheel Council for Premium Video (FWC) is comprised of over 30 premium video providers globally, including industry-leading programmers, operators and digital pure-plays. Following the success of the FWC in North America, we launched the FreeWheel Council for Premium Video in Europe in 2017 to support the interests of European-based broadcasters, operators and video publishers.
FreeWheel empowers all segments of The New TV Ecosystem. We are structured to provide the full breadth of solutions the advertising industry needs to achieve their goals. We provide the technology, data enablement and convergent marketplaces required to ensure buyers and sellers can transact across all screens, across all data types, and all sales channels, in order to ensure the ultimate goal – results for marketers. With offices in New York, San Francisco, Chicago, London, Paris, Beijing and across the globe, FreeWheel, A Comcast Company, stands to advocate for the entire industry through the FreeWheel Council for Premium Video. For more information, please visit https://www.freewheel.com/, and follow us on X and LinkedIn.