According to Statista, there were 208 billion on-demand music streams in the first half of 2016, with 97% growth over the first half of 2015, and $2.4 billion in revenue in 2015. Audio formats offer distinct advantages to advertisers, including the ability to reach users in an environment without competition for listener attention and immunity to ad blocking. Another key opportunity for marketers is the ability to reach mobile consumers in scenarios that do not allow for visual advertising engagement such as driving, walking, exercising, and working. Nielsen estimates that 79% of audio consumption takes place while people are engaged in activities that make it impossible for them to engage with visual media.
AppNexus' audio capabilities, currently in closed Beta, enable advertisers to easily upload VAST audio files within the Console interface using any .wav, .mp3, or .ogg audio file. The input audio is then transcoded into multiple formats and bit rates and served via Content Delivery Network (CDN). Buyers can access supply from Spotify through private deals to leverage the seller's unique data offerings. Buyers using AppNexus' Console will have access to the same tools they use today for their display and video buying.
"Spotify is taking the lead on enabling programmatic buying for audio by leveraging our powerful data and user insights in real-time," said Brian Benedik, Global Head of Sales, Spotify. "AppNexus' platform and robust technology allows us to make our inventory and data available in a secure environment and provides direct access to the largest buyers in the world."
AppNexus is an internet technology company that enables and optimizes the real-time sale and purchase of digital advertising. Our powerful, real-time decisioning platform supports core products that enable publishers to maximize yield and marketers and agencies to harness data and machine learning to deliver intelligent and customized campaigns. Headquartered in New York City, AppNexus employs over 1000 professionals in offices spanning five continents. For more information, follow us at @AppNexus or visit us at www.AppNexus.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/appnexus-announces-technology-partnership-with-spotify-300301275.html