It is no surprise that technology is radically changing the media industry. More people are consuming video content on platforms other than traditional TV sets, such as computers, smartphones, tablets and over-the-top (OTT) devices. Measuring audiences across these new platforms is critical for both the sell-side and buy-side of the business, and new metrics of success will help better define consumer outcomes from advanced advertising campaigns.
This shift to cross-platform viewing has highlighted the critical need for a common metric that media buyers and sellers can use to seamlessly transact across all platforms. The traditional ratings metric (which is defined as the percentage of various age/gender populations) is quickly migrating to impressions—the actual or projected number noted as (000). Major industry players have announced their move to an impressions-based ad sales model with the hope that this will give media sellers more pricing power, more audience granularity and a frictionless cross-media planning and buying experience. The move to impressions is a natural evolution for local TV groups that have seen audiences migrate to digital and cross-platform viewing and is a step closer to a true, cross-platform apples-to-apples currency.