NEW YORK (PRWEB) February 12, 2018
JW Player, the world’s largest network-independent video platform, today announced the launch of Video Player Bidding, a market-changing header bidding solution for video with SpotX, the leading video advertising and monetization platform for publishers, as its exclusive partner for 12 months. Video Player Bidding is purpose-built for digital video to greatly reduce latency and improve monetization with just one click. The innovative solution allows JW Player’s publisher customer base to easily access SpotX’s extensive and diverse demand marketplace as well as its ad serving capabilities.
Header bidding is the practice by which publishers can simultaneously garner bids for ad impressions from multiple demand sources at once, before calling the ad server. As more marketers have adopted programmatic media buying strategies, publishers have learned that traditional, waterfall-based methodologies prevent them from maximizing inventory rates. This shift began in display advertising, and publishers leveraging header bidding have experienced greater yield on their ad inventory. However, the potential of header bidding has yet to be fully realized in digital video due to the difficulty of implementation and fragmented nature of the marketplace.
Video Player Bidding streamlines the entire header bidding process by combining JW Player’s massive global publisher footprint with SpotX’s best-in-class advertising technology solutions to solve implementation challenges and allow publishers to maximize monetization. Any eligible publisher that uses JW Player and meets SpotX’s brand safety and verification requirements can reap the benefits of Video Player Bidding with SpotX by enabling the integration with a single click within JW Player’s interface; no additional code or developer resources are necessary.
“JW Player develops leading-edge software for the world’s top publishers and content creators,” said Brian Rifkin, co-founder and SVP, Strategic Partnerships of JW Player. “When we developed the Video Player Bidding product, we surveyed the market to find a market-leading partner who could bring significant, immediate demand to our publishers and chose SpotX. We are excited about the value that this will unlock across the ecosystem.”
By integrating directly into the video player, the ad decision is made server-side before a viewer hits play, vastly reducing latency, leading to higher fill rates and greater ad revenue. Buyers can also access valuable video metadata (such as content data) before they bid, thereby increasing the value of the opportunity and ultimately maximizing CPMs. Additionally, publishers will have server-side access to 65+ DSPs, driving demand and giving advertisers access to premium inventory that was previously unavailable.
“We firmly believe that close collaboration and joint development between two video-first technology companies is exactly what the industry needs, and we’re thrilled to be partnering with JW Player’s talented team,” said Sean Buckley, Chief Revenue Officer at SpotX. “Publishers will finally have a more efficient header bidding solution for video, and will be empowered to monetize effectively without the hassles they may have experienced in the past.”
Penske Media Corporation, owner of top tier media properties including Rolling Stone and Variety, is one of the first publishers testing Video Player Bidding.
"The new JW/SpotX partnership will introduce a great ad product much needed by the industry today," said Brian Levine, VP, revenue operations at Penske Media Corporation. "Video monetization is quickly becoming the most important aspect of a publisher's programmatic strategy, and it's nice to see the two leaders in their respective specialties bring a simple, elegant solution to the marketplace."
The Video Player Bidding integration is currently in beta and will be made available to a select group of joint JW Player and SpotX customers on March 1, 2018. To learn more and sign up to receive more information, go to http://www.jwplayer.com/video-player-bidding.
About JW Player
JW Player pioneered video on the web over a decade ago and continues to innovate as the world’s largest network-independent platform for video delivery and intelligence. Media companies including Fox, VICE, Business Insider, and Univision, in addition to hundreds of thousands of creators of all types and sizes, rely on JW Player to deliver and monetize their content across all devices. JW Player’s massive global footprint of over 2 billion unique devices creates a powerful data graph of unique consumer insights and generates billions of incremental video views. The company is headquartered in New York, with offices in London and Eindhoven, and was named to Deloitte’s Technology Fast 500™ in 2017. For more information, visit http://www.jwplayer.com.
SpotX is the leading video advertising platform providing publishers with monetization tools for desktop, mobile and connected devices. The platform features modern ad serving and programmatic infrastructure, and other monetization tools, like solutions for OTT and outstream video ad units. SpotX gives publishers the control, transparency and actionable insights needed to understand buyer behavior, manage access and pricing, and maximize revenue. The company is headquartered in Denver, Colorado, and has offices in Amsterdam, Belfast, Hamburg, London, Los Angeles, New York, Paris, San Francisco, Stockholm, Singapore, Sydney, and Tokyo. In October 2017, RTL Group, a leader across broadcast, content and digital, completed its 100% acquisition of SpotX. For updates, follow SpotX on Twitter and LinkedIn. For more information about Video Player Bidding, please visit http://www.spotx.tv/video-player-bidding/.