"We invest in others' ideas, not our own," says Bullish founder Mike Duda. Instead of creating, for example, ten print ads for a client, Bullish adopts a VC mindset. It advises and invests in its clients (think Harry's Razors and Peloton bikes) and is compensated on a pay-for-performance model -- and takes the financial hits when it doesn't perform.
Before she arrived in Phoenix for the Digiday Agency Summit, DDB North America CEO Wendy Clark was going to talk about the big picture of the agency world. But when she took the stage, she changed tack, and instead spoke passionately about the importance of people and leadership when it comes to creating work that people love. "The only way to do amazing, incredible work is to realize we're better together."
Agencies are expected to do more with the same or fewer resources. GroupM's chief innovation officer Cary Tilds speaks about how people and processes can help agencies execute on innovative strategies despite these restrictions.
Technology lets the New York Times create products powered by its journalism. "While we need to continue to focus on the news, we need to reposition how we think about what we're doing for our customer, because there are other needs that we can serve," said David Perpich, svp of product for the New York Times. So instead of thinking of itself as simply a news destination supported by advertising, the Times has begun to shift to a new mindset of being an ecosystem that serve other reader interests, like cooking and television.
Melissa Bell, publisher of Vox, spoke about the challenges of negotiating a lightning-fast news cycle at the Digiday Publishing Summit. In order to stay ahead of the game, Vox established platform-specific centralized studios that work across the media brands to learn new platforms and what works for each one. And it's found success in looking at what other publishers are doing: "We ruthlessly steal from other people," said Bell.
For millennial-focused publisher Mic, platforms are the future. The media company’s chief strategy officer Cory Haik took the stage at the Digiday Publishing Summit in Key Biscayne to share Mic’s multi-platform approach to storytelling. Instagram has been a particular area of growth because of its strong micro-communities of social justice-minded individuals and their followings.
In December 2015, Forbes took an aggressive approach to its ad-blocking visitors. In this episode of Digiday Live, recorded last week at the Digiday Publishing Summit in Key Biscayne, Florida, Forbes Media CRO Mark Howard describes the four-stage process that Forbes undertook to better understand its ad-blocking readers, and ultimately reach its sales goals.
The way brands organize for content can vary dramatically. BJ Carretta, vp of digital brand marketing at Fender Instruments, and Nariman Noursalehi, director of SEO at Overstock.com, compared and contrasted how their companies organize for content in the latest episode of Digiday Live, recorded onstage at the Digiday Content Marketing Summit.
It's a truth as old as the hills: people hate talking about money. In this episode of Digiday Live recorded at the Digiday Content Marketing Summit, Lani Hayward, evp of creative strategies for Umpqua Bank, shared how her team started a conversation about money in a format that hasn't caught on for most brands yet: the podcast.
In 2013, Coca-Cola made a huge content marketing gamble. It replaced the content on its corporate website with "Journey," an online magazine telling brand stories in Coca-Cola's positive brand. Three years later, the website boasts 5 to 6 million views per month - but that's not the site's key indicator of success. Doug Busk, the brand's global group director for digital communications and social media, shares what Coca-Cola has learned by thinking like a publisher.
Quartz aims to be the digital publication of choice for global business professionals. That means creating a premium experience around both content and advertising. Instead of using standard banner ads, Quartz’s publisher Jay Lauf wants to marry the aesthetic of magazine advertising with the data tracking capabilities of digital. The hope is that higher-quality advertising gives readers a better experience and helps marketers break through the clutter.
As the popularity of different platforms shifts across markets, Bloomberg managing director of international Parry Ravindranathan focuses on the two or three that provide the most value. However, even the broadest distribution has little value without monetization. Ravindranathan discusses the challenges of social media, ad blocking and more.
For the FT, building a global media brand means understanding its audience and moving with the trends. The company has shifted to digital, using the data it gets from subscribers to better target advertising. Sacha Bunatyan and Hiroko Hoshino discuss the FT’s digital strategy and acquisition by Nikkei.
Online rental service Rent the Runway's senior vice president of brand strategy, David Page, and Melissa Barnes, the company’s senior director of brand strategy, discuss the journey of building an in-store presence after creating a defined brand and having a strong handle on its customer base through its original online store.
When Forbes introduced its contributor model, there was skepticism around giving outside writers direct access to publishing. Now the company is spreading this model across the world. Managing director of international Alan Griffin explains the benefits of outsourcing content creation, both to revenue and editorial quality.
Mo Mullen joined West Elm two years ago to start West Elm Local, a program that scouts local artisans and businesses in order to sell their products in West Elm stores. The venture has since scaled from two stores to 70.
With over 100 brands worldwide, Time has been aggressively expanding its digital offerings. For this legacy publisher - one of the largest in the world - that means shifting focus to scale while maintaining the quality it's known for. Time aims to create loyal audiences across its properties by providing valuable content focused on specific interests. The company's svp of international strategy John Marcom is on the podcast.
Lane Bryant's recent campaigns are all about encouraging their customers to embrace their bodies. Even for a plus-size retailer, it's a sensitive subject field to be playing in. In order to avoid exploiting women's insecurities while selling clothing, Beitler has a simple answer: be transparent.
Miki Agrawal is the founder of Thinx, the first period-proof panty that, the company hopes, could have the power to tackle taboos around menstruation. In this session, Agrawal discusses how she chooses her teammates, how a good product can change minds, and how those controversial subway ads came to be.
Publishers are using tactics like header bidding and entering private exchanges in an attempt to be programmatically self-sufficient. We talk to two of them about how it's going.
Call it the great cleanup. Part of programmatic's evolution involves a bigger platform crackdown on fraud and clearer standards on viewability. The presidents of US Interactive Media and Bauer Xcel Media dig deep into this disruption.
Of ad tech's persistent myths is that it doesn't require the human touch -- and that it has nothing to do with creativity. But it turns out it also demands platform savvy and context.
While Clarins has mostly stayed out of the digital marketing space, their most recent campaign was tailored around reaching a very specific client. Director of facial skin care marketing and advertising Maria Bertorelli discusses going all in with social.