Magnite Bags Tennis Australia for Programmatic Advertising
Magnite, the world’s largest independent sell-side advertising company, revealed that it bagged Tennis Australia for programmatic advertising. Tennis Australia has chosen Magnite’s Demand Manager as their Prebid header bidding wrapper solution. For the first time, and in advance of the Australian Open, Tennis Australia will monetize its display and mobile inventory programmatically by utilizing Magnite’s DV+ platform and implementing Demand Manager exclusively as their wrapper solution.
Australian Open taps Magnite for programmatic advertising
The Australian Open is one of the four major tennis championships held annually, and Tennis Australia is the organization that oversees tennis in Australia. It also hosts several international tennis competitions. For 9.5 million users, Tennis Australia’s “AO Digital” website and mobile app offer a variety of content all year long. With over 900,00 spectators in 2023 alone, the Australian Open is Australia’s biggest and most prosperous international sporting event. It keeps shattering attendance records. Every year, the event brings more than $375 million in economic benefits to Melbourne and reaches over one billion households worldwide.
Addressing Tennis Australia’s programmatic needs
In the world of digital advertising, the collaboration between Magnite and Tennis Australia represents a strategic step forward. Tennis Australia’s programmatic advertising needs have led to the adoption of Magnite’s Demand Manager, which is in line with an industry trend toward more advanced and effective ad monetization tools. Tennis Australia can anticipate higher ad revenue by using a Prebid header bidding wrapper because it creates a competitive auction environment where multiple ad exchanges bid in real-time for advertising space.
Read More: Vibrant Media Bags INR 100 Crore Media Account for Jio-bp
The announcement comes at a critical time
Additionally, the time frame of this implementation is critical, as it occurs just before the Australian Open. Tennis Australia can take advantage of peak user engagement and maximize the value of its ad inventory by capitalizing on the high traffic that occurs during a major event. This might create a precedent that other sports organizations would want to follow, upending established methods of advertising in the sports sector.
How the partnership benefits Tennis Australia
Tennis Australia will gain significant insight, flexibility, and control over header bidding operations by utilizing Demand Manager, Magnite’s header bidding wrapper services solutions. They will also be able to optimize Prebid per their unique needs, which will increase monetization. In a broader sense, these developments in programmatic advertising technologies may result in higher profits for content providers and a change in the way advertisers distribute their budgets, favoring digital channels that offer high levels of engagement and the ability to reach specific audiences.
Here’s what they said
Yael Milbank, Managing Director, ANZ at Magnite said
We’re excited to be working with Tennis Australia to help them maximise the value of their inventory across various formats. We look forward to helping them drive operational efficiencies through our technology and supporting them in their efforts to scale their programmatic advertising strategy during and beyond the Australian Open.
Read More: MAGNA and OpenAP Partner for Data-Driven Video Capabilities; Magnite Opens New Office in India
Author Profile
- Netra is a Dual Masters graduate in International Business and Marketing. She is a content-writing enthusiast and a social media addict. In her downtime, you will find her headbanging to Pop songs from around the world. She is also a sports fanatic and especially loves F1, Volleyball, and Cricket. Her hobbies are baking and watching Anime.
Latest Posts
MediaJuly 26, 2024Rediffusion Unveiles Konjo, a Specialist Agency for New Age Startups
MediaJuly 26, 2024Farah Golant Joins Seedtag Board of Directors
MediaJuly 26, 2024PRCA MENA Announces Imad Lahad as Vice Chair of the Board
MarketingJuly 26, 2024Google Shelves its Plans to Remove Third-Party Cookies | Experts Speak
