Brand Makers
Dil Ka Jod Hai, Tootega Nahin
Global media review: Spotify scouts for a new media agency
The audio streaming major Spotify’s media mandate is currently handled by IPG Mediabrands' UM.
Spotify measured a panel of users' attention via Amplified Intelligence’s attention tool, across one month using data from 2,500 people in India capturing more than 7,900 ad views.
Music streaming app Spotify is looking for a new media agency. The company has plans to scale up its business and go beyond music and podcasts, pushing further into performance marketing, according Business Insider. As per multiple media reports, Spotify is estimated to spend $240 million in global media in 2023.
IPG Mediabrands' UM has been Spotify’s media agency since the last seven years. Spotify also has an in-house agency. Spotify is projected to spend $240 million in global media in 2023, including $50 million in North America, according to marketing research firm COMvergence.
In 2021, Spotify released its maiden global brand campaign for Spotify Advertising. The brand collaborated with FCB New York for the campaign. In August 2023, WPP and Spotify inked a global strategic partnership. With this WPP's clients have early access to Spotify's innovative ad products, first-party intelligence and creative ways to reach engaged audiences at scale.
In India, Spotify works with Lodestar UM and Leo Burnett for its advertising duties.
SPOTLIGHT
"The raucous, almost deafening, cuss words from the heartland that Piyush Pandey used with gay abandon turned things upside down in the old world order."
Read MoreThe new face of the browser: Who’s building AI-first browsers, what they do and how they could upend advertising
From OpenAI’s ChatGPT-powered Atlas to Microsoft’s Copilot-enabled Edge, a new generation of AI-first browsers is transforming how people search, surf and interact online — and reshaping the future of digital advertising.