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GroupM Predicts Digital Ad Spend Will Surpass $113 Billion in 2013

James Dohnert  |  March 28, 2013   |

GroupM projects that global digital ad spend will exceed $113 billion by year’s end. According to a recent report by the firm, digital advertising hit $99 billion last year. GroupM found that North America was the biggest investor in Internet advertising for 2012. The group believes that tablets and smartphones could be a major factor in the growing investment in digital ads.GroupM predicts that digital ad spending will increase by over 14 percent from 2012 to 2013. The uptick would continue a trend of increased funding for digital ads over the past three years.

According to GroupM’sreport, digital ad spending jumped over 16 percent from 2011 to 2012.North America was reported to be the biggest spender for digital ads. GroupM found that North American advertisers spent over $38 billion on digital ads in 2012. Asia-Pacific was reported to be the second biggest spenders for digital ad spend with over $30 billion.

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Stevens & Tate

Crowdsourcing, or soliciting services, ideas or content from a group of people or online community, is an innovation that has turned many traditional models on their heads. Advertising agencies and digital media shops are not immune to this new trend. This article posted by Cheryl Ross to MediaJobs.com discusses the trend as it pertains to advertising.

Two industry experts have shared their views about the future of advertising in a blog featured in the Harvard Business Review – and their ideas make for “disruptive reading” for any art director or account manager with an eye for innovation.media strategy

John Winsor, CEO of Victors and Spoils, and Wharton School Professor of Marketing, Jerry Wind, begin with the statement, “Much like newspapers, conventional advertising agencies are becoming irrelevant.”

No cages 

If this is causing a cold sweat to break out in the reading art director or account manager, relax. They’re far from pessimistic. Agencies, they say, need to capitalize on today’s new democratized creativity trends facilitated by crowdsourcing, open innovation and co-creation. When Windsor’s agency heard that Harley Davidson was dropping a long-term agency, it chose to steer away from the traditional pitch process. Instead, it posted a brief to its 7,200-strong crowd of strategists and creatives, comprising freelancers, brand and advertising enthusiasts and moonlighters from other agencies. All had chosen to collaborate on the new open working model (aptly called “No Cages”) at V&S. Read the rest of this entry »

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Stevens & Tate

Signs point that the era of mass media is behind us. Stevens & Tate invites you to read this article by John Villasenor of Forbes about the trends in digital media that are shaping its future.

The World Economic Forum is perhaps best known for its annual meeting in Davos, Switzerland, which brings together heads of state, CEOs of some of the world’s largest companies, and assorted other movers and shakers for a week of speeches, panels, and workshops in the Swiss Alps each January. But the Forum also works year-round through its network of over eighty global agenda councils, which address a diverse range of topics including biotechnology, climate change, energy security, and youth unemployment.

Since last year, I’ve been a member of the Forum’s global agenda council on the intellectual property system. We’ve taken a careful look at the forces shaping how people are creating and sharing digital media today, and perhaps even more importantly, what the world of digital media will look like in the coming years. We’ve distilled these down to a set of six digital content “megatrends” that, translated from policy-wonk language into English, are as follows: Read the rest of this entry »

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Stevens & Tate

‘Popular Mechanics,’ HP offer case study

By Lucia Moses

Some Popular Mechanics subscribers got something extra with their November issues. The issue was bundled with an outsert from Hewlett-Packard that greeted them by name and showed a scene specific to their hometown. Inside the issue was a 16-page insert that gave readers locations where they could buy HP products near their homes.

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Stevens & Tate

Big gains for cable on tap despite Wall Street concerns

Despite the stock market’s double digit drop in the last quarter, media agency ZenithOptimedia remains fairly optimistic about U.S. advertising spending and sees particularly big gains for cable television.

ZenithOptimedia is projecting a 2.2% increase in advertising for 2011, up from the agency’s 2.1% forecast in July. ZenithOptimedia is also forecasting 3.5% increases in both 2012 and 2013.

For TV, the media agency sees cable growing 12% this year, while the broadcast networks decline 2% and syndication slips 4%.

ZenithOptimedia says its projections take into account current economic conditions and its knowledge of its clients’ plans for the upcoming season. Read the rest of this entry »

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Stevens & Tate

Targetmarketingmag.com takes a look at the strength of a marriage between print and digital marketing by way of QR codes, MS Tags, geographically personalized URLs (geoPURLs) and stronger Web portals that transform print content into interactive online experiences. While many brands indicate that they plan to reduce newspaper advertising in the coming years, the article points out that newspaper inserts continue to be one of the most influential channels impacting consumer buying decisions, with, surprisingly, 47% of Gen Y and 61% of Gen X rely on newspaper inserts for shopping research. By considering newspaper inserts—enhanced with a QR Code, MS Tag or geoPURL —the traditional print channels can make an impression on these digital-savvy groups – MediaBuyerPlanner.com

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Mark Beebe

Watching the Nickelodeon Kid’s Choice Awards 2011 was a breath of fresh air.

First off, Jack Black was the perfect host, but this show had one thought in mind and that was the celebration of being a kid. The set designs, the craziness, the unexpected, the perfect commercial placement, and the amount of Celebs for this fast paced show. Anything was accepted and no one was judged, when was the last award show you witnessed that those were the guidelines and rules? It wasn’t about being cool, but being Wimpy. No swear words or beeps, just everyone with big smiles.

Yes, Johnny Depp and Jim Cary were there to name just a few. The young audience sang “happy birthday” to Eddie Murphy, and Jack Blacks opening, lead into the “Jack Eye Peas” (black eye peas) was great funny and entertaining television. Read the rest of this entry »

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