GVMA adds broadcasters to the founding team of VICE, BuzzFeed, Group Nine &
Tubular Labs and releases first metrics: de-duplicated
unique viewers and minutes watched
SAN FRANCISCO, April 26, 2019 /CNW/ - Tubular Labs, the world leader in digital video measurement and sponsored video intelligence, today announced Viacom, Ellen Digital Network and Corus Entertainment have joined the Global Video Measurement Alliance (GVMA) to establish new digital video measurement standards, beginning with social video. They join VICE, BuzzFeed and Group Nine as additional founding members.
The news comes at a time when more broadcasters, media companies, and TV networks have decided to participate in NewFronts, an upfront marketplace for digital video where media companies present upcoming programming to advertisers -- much like the TV Upfronts.
"Viacom Digital Studios has achieved incredible growth engaging a new generation of passionate digital-native audiences across the leading social platforms," said Kelly Day, President of Viacom Digital Studios. "As we continue to invest in audience development and original premium programming from our flagship brands, we look forward to working with the Global Video Measurement Alliance to establish unified methods of measurement for social video."
"Tubular Labs has been a crucial solution for reporting to our partners on content effectiveness and video performance. We're excited to participate in the GVMA and this next step towards the unification of global content measurement, allowing us to fully understand, interpret and activate our extensive cross-platform global social reach," said Michael Riley, GM of Ellen Digital Ventures.
Added Dervla Kelly, SVP of Marketing and Head of so.da, Corus' social digital agency: "The standardization of social video metrics is long overdue and we're looking forward to co-developing the new sell-side metrics that will bring uniformity to digital video measurement globally."
"When we initially launched the GVMA, Viacom, Ellen and Corus all immediately saw the value of bringing broadcast equivalent standardization to the world of digital video and were eager to help. They are all cutting edge players in North American broadcasting, who are investing heavily in digital video to reach next generation audiences - already with much success," said Allison Stern, co-founder and Chief Strategy Officer at Tubular Labs. "We are grateful and excited to bring their minds to the GVMA."
GVMA is not a typical industry consortium. Since its founding in January 2019, the group has spent recent months collectively working together, participating in closed-door meetings, reviewing technical challenges and actively co-developing content measurement solutions with the Tubular Labs data science and engineering teams.
As a result of this work, Tubular Labs announces today the first two new global, cross-platform reach and engagement metrics in co-development with the GVMA: 1) de-duplicated unique viewers; and 2) minutes watched. When applied alongside social video metrics of views, comments, shares and followers, these traditional metrics will finally provide the full global picture of what the world is watching and how they engage with content.
"Tubular's new metrics in association with the GVMA are the first of their kind for social video. These metrics have existed for digital websites forever, and this is the first move towards parity for the research community," said Howard Shimmel, former Chief Research Officer at Turner, and current President of Janus Strategy & Insights. "A top challenge for broadcast research teams is how to gain the best understanding of where audiences are going and how to aggregate cross-platform views of networks or shows. I'm excited to join the GVMA and address these challenges head-on. The announcement today is a major step forward for the industry."
"With GVMA partners steering our metric development, we understand the value in eradicating duplicated viewers and more granularly monitoring minutes watched across audience segments or geographies," said Rob Gabel, co-founder and CEO at Tubular Labs. "These new metrics will be a big step forward in unifying global content measurement, and our data scientists are up to the task as they've been working toward this solution for years."
"Measurement technology has not kept up with the realities of media today: increasing time spent with video, millions of meaningful creators, publishers and brands born out of lowered barriers to entry, and audiences that are truly global," said Neil Patil, Chief Commercial Officer at Tubular Labs. "Our data science, engineering and commercial teams are working in lockstep with the GVMA to develop audience quality and engagement metrics that the market needs."
Added Josh Cogswell, President of Digital at VICE Media and founding GVMA member: "The GVMA mission is to empower the future economics of video through co-development of universal measurement standards to unlock a more transparent, efficient marketplace. We are thrilled to welcome Viacom, Ellen and Corus into the fold.
GVMA partners have early access to these metrics into Summer 2019. Sign up to receive exclusive updates from Tubular Labs.
About Tubular Labs
Tubular Labs is the leading global video measurement and analytics platform that powers over 250 broadcasters, publishers, and brands to understand what the world is watching. Tubular's software measures 5B videos, 400M video consumers, 13M creators, 150K brands and 1M sponsored videos across platforms, generating insights for its customers to scale and monetize their audiences faster. 9 of the top 10 global media companies trust Tubular to power their digital video decisions. For more information, visit www.tubularlabs.com.
SOURCE Corus Entertainment Inc.
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