A Featured Partner at MAGNA’S Equity Upfront™, Black-Owned ReachTV Positioned to Capture an Audience that’s Eager to Travel Again
NEW YORK–(BUSINESS WIRE)–As air travel is resurging, Mediabrands is joining forces with ReachTV, the rapidly expanding network available on nearly 2,500 screens at some 90 airports across North America and the United Kingdom.
The Black-owned network, which features a mix of original programming and content from a host of familiar networks, was a participant in Mediabrands first annual Equity Upfront™. Created by MAGNA, the Equity Upfront™ showcased Black-owned and targeted media businesses to advertisers. Subsequently, Mediabrands pledged it would collaborate with clients across the network to invest a minimum of 5% in Black-owned media channels in aggregate by 2023.
ReachTV, founded by media investor and entrepreneur Lynnwood Bibbens, offers advertisers a “Truth & Positivity” programming philosophy and a clutter-free advertising environment. The partnership comes as the total number of flights have increased significantly since the all-time pandemic low of May 2020, according to the Department of Transportation’s most-recent Air Travel Consumer Report.
“ReachTV is dedicated to presenting uplifting content that appeals to a highly desirable audience of tastemakers on the go,” said Bibbens, who is also ReachTV’s Founder and CEO. “We can help Mediabrands’ clients reach travelers who are emerging from the pandemic with pent-up demand. We’re able to reach them from takeoff to destination and from terminal to bar to airport gate.”
ReachTV measured over 12B impressions annually when travel was at 50 percent of normal levels. In another indicator of a rebounding travel industry, ReachTV impressions were up over 70% last month.
In addition to producing original content, ReachTV is partnered with more than 50 content creators, including NBC, A&E, AMC and NFL Network. Since its 2016 launch, ReachTV has scaled rapidly, across North America, and has established a presence at airports in the top 10 U.S. media markets. ReachTV also is installed at three of the U.K.’s busiest airports.
The Mediabrands/ReachTV partnership includes partnership elements such as snipes during programming, sponsorships, content integrations and additional impressions. The outlet also has customized dashboards for marketers and can pinpoint placements near airport retailers selling their wares.
“The Equity Upfront™ and spending pledge aim to reverse long-standing inequities in the advertising industry,” said Dani Benowitz, President, US, of MAGNA. “As we launch our partnership with ReachTV, our clients will see the immediate benefit of how minority-owned media companies not only provide them with exciting content environments, but also closely connect them with highly desirable and hard to reach consumers in engaging ways. In addition to supporting equity in media, brands who put ReachTV in their mix are positioned to capture consumers as they start traveling again and excitedly renew connections with loved ones.”
ABOUT MEDIABRANDS:
IPG Mediabrands is the media and marketing solutions division of Interpublic Group (NYSE: IPG). Mediabrands manages approximately $40 billion in marketing investment globally on behalf of its clients and provides strategic services and solutions across its award-winning, full-service agency networks UM and Initiative, and through its innovative marketing specialist companies Reprise, Magna, Orion, Rapport, Healix, Mediabrands Content Studio and the IPG Media Lab. Mediabrands’ clients include many of the world’s most recognizable and iconic brands from a broad portfolio of industry sectors. The company employs more than 13,000 marketing experts in more than 130 countries, representing the full diversity of humanity. For more information, please visit our website: www.ipgmediabrands.com and be sure to follow us on LinkedIn, Twitter or Instagram.
ABOUT MAGNA:
MAGNA is the leading global media investment and intelligence company. Our trusted insights, proprietary trials offerings, industry-leading negotiation and unparalleled consultative solutions deliver an actionable marketplace advantage for our clients and subscribers.
We are a team of experts driven by results, integrity and inquisitiveness. We operate across five key competencies, supporting clients and cross-functional teams through partnership, education, accountability, connectivity and enablement. For more information, please visit our website: https://magnaglobal.com/ and follow us on LinkedIn and Twitter.
ABOUT REACHTV:
ReachTV is the first Nielsen-rated, linear OTT entertainment network featuring a combination of short and long form series. ReachTV’s ground-breaking in-airport linear channels can be seen in over 90 of the top airports in North America and are expanding globally. ReachTV airports see over 1 billion travelers annually and generate over $1 billion in food & beverage/retail revenue every month. ReachTV delivers fresh daily content on the Company’s own patent pending delivery platform, which recreates the entire traditional television network ecosystem in the cloud. ReachTV produces content in its owned and operated studios, and partners with world-class producers to deliver outstanding original programming for its network and other distribution channels. In addition to its original programming, ReachTV channels feature innovative short and long form content from a broad range of production companies and networks such as NBCUniversal, AMC, Bloomberg, Business Rockstars, DraftKings, The Hollywood Reporter, Live Nation, Ovation, PlayersTV, and USA Today. ReachTV partnered to launch a Tastemaker network of Influencers and Celebrities under ReachTV. Social which has now grown in less than 18 months to over 350 million fans.
Contact
Rahel Rasu
Chief Communications Officer, Mediabrands
[email protected]
