From Swifties to Squid Game: Why brands should pay attention to superfans

Published on The Current

With so much online, it’s hard to stand out — that is, unless you can attach your company to something your consumer is passionate about. Luckily, everyone is a fan of something these days.

“There’s so much clutter right now, and consumers are distracted,” says Jeremy Steinberg, chief revenue officer of the platform Fandom. “Being able to authentically speak to consumers and connect to their interests is extraordinarily powerful.”

Whether it’s Swifties celebrating the end of Taylor’s monumental world tour, or Netflix subscribers eagerly awaiting the next installment of Squid Game this Christmas, superfans are abundant. About 7 out of 10 people who identify themselves as fans of something say their fan community is part of their daily lives, according to Amazon research. More than 60% also believe that being a fan is part of their identity. What’s more, 63% of fans are open to brands reaching out to fan bases.

The key to fitting in with fans is authenticity. It’s easier said than done, especially when you consider that superfans can spot a fake a mile away. But the good news for savvy marketers is that first-party data enables brands to tailor marketing messages to those superfans across different channels.

“The No. 1 driver is listening to what people have to say and acting on the feedback,” says Kara Manatt, Magna executive vice president of intelligence solutions. “That’s what’s going to drive cultural relevance for brands.”

To find out what works for brands and superfans, Magna completed an in-depth analysis of Reddit communities in a recent Media Trial. Nicknamed “the front page of the internet,” Reddit sees superfans in its more than 100,000 communities that range from Star Wars to the NBA. The opinions communicated on these boards become trusted recommendations and insights. The site gives brands an opportunity to join the pop culture moment.

“When a brand targets a superfan, they’re tapping in to a deeply engaged audience,” says Alex Underwood, Reddit global head of agency development. “These passionate users drive conversations, share recommendations and serve as go-to sources for others, helping brands build authentic connections with broader audiences.”

Magna found that the top three reasons people use Reddit as opposed to other social media are to learn new things (63%), hear about different perspectives and opinions (59%) and get different opinions (59%). What’s more, Redditors weren’t against the idea of brand integration.

“One of the things that stood out to me in the focus groups a lot was they want brands to be human first and then a brand,” Manatt says.

The Reddit focus groups told Magna they were more likely to click on something if brands provided entertaining content with real value. One of the most resonant methods for brands to engage was the Ask Me Anything (AMA) sessions. More than 75% of Redditors said they respected the brand more if they hosted an AMA, and 63% said it made the marketer seem more authentic. Around 85% said they liked brands that had candid exchanges with users.

“While niche groups of superfans may seem small, they’re often highly active, making them powerful audiences for brands,” Reddit’s Underwood says. “On Reddit, these communities are incredibly engaged, giving brands the opportunity to create deeper, more genuine connections, drive meaningful engagement and foster long-term loyalty.”

However, there were some lines that Redditors didn’t think brands should cross, like foul language.

“What we found is it was not appropriate,” Magna’s Manatt says. “The majority of people found that to be too far: 68%.”

While this study was on Reddit, Manatt says the key takeaways worked across social channels. One thing Magna has found is that a brand has more success if it accepts its misses rather than ignores them.

“Let’s say your ad didn’t resonate right away,” she says. “Acknowledge it and kind of poke fun at it or address the situation, rather than just hiding it and pretending it didn’t happen. Don’t be a corporate wall.”

Additional targeting threads may be available to reach superfans that AI can help to discover. Fandom’s FanDNA Helix program, for example, analyzes its first-party data on its more than 50 million pages so marketers can use the information to find fans both on its platform and on other sites. With the help of AI, this information can help expand targeting and provide more scale.

Take one of Netflix’s most popular franchises, Squid Game, which is returning for its second season on Dec. 26. FanDNA Helix found that fans were likely to visit other anime, animation and survival-horror gaming Wikis. It also yielded some counterintuitive results. For one thing, they gravitated to technology and magic, and were 62 times more likely to look at content about HBO’s Euphoria, Intrigued by its quest, survival and escape themes. Marketers could then use the info to expand their targeting, because consumers found under those topics may be more likely to like similar products.

“Our ability to basically atomize everything about something like a show like Squid Game, down to thematic elements and the motivations behind why consumers are interested, allows marketers to have more effective insights into how they should be addressing those consumers,” Steinberg explains. “It also finds unique ways to expand the audience that they’re trying to reach into through IPs.”

After all, if your consumer is passionate about something, they’re also more likely to transfer those feelings to your brand if it is in the right space. Magna’s research has shown that emotion and passion can play a positive role in the impact of advertising.

“Superfans are super engaged,” Magna’s Manatt adds. “They’re feeling strong emotions of all different sorts, and that is really a great halo for any brand to be under.”

Read the Article on The Current

Future of TV Briefing: How focus groups and media mix models can help incrementality-seeking CTV advertisers

Published on Digiday

This week’s Future of TV Briefing looks at the role that two old-school advertising tactics can play in the still-developing CTV ad market.

    • See TV
    • Streaming’s TV watch time share peaks
    • TikTok loses bid to avoid ban, Comcast and WBD bundle up, Paramount set to slim down, and more

See TV

Maybe the connected TV ad market needs to get more traditional to advance.

I’ve had two conversations in the past week that have led to this line of thinking. The first was with Tinuiti’s Harry Browne about CTV ad measurement during last week’s Digiday Programmatic Marketing Summit. And the second was with Magna’s Kara Manatt about a study the agency did with ad tech firm Nexxen regarding CTV ad creative. Each conversation made a case for CTV — the presumptive future of TV — being in need of old-world “technologies” (if you can call them that): media mix models and focus groups.

In both cases, the underlying motivation seems to be an urge among advertisers to better gauge and guarantee the incremental benefits of their ad buys: To what extent did a campaign actually improve a brand’s chances of converting a consumer into a customer? And to what extent can the brand improve a campaign’s chances of delivering that incremental performance?

“There is just an under-leveraging of incrementality testing across the board, across channels. This is not just a CTV issue; this is across everything. But for CTV, it’s certainly relevant. Incrementality testing is critical. You need to understand what each of your investments is doing for you, above and beyond the other investments that you’re making,” Browne, Tinuiti’s vp of TV, audio and display innovation, said during an on-stage session at DPMS.

CTV seems to be fertile ground for incremental improvements given that it simultaneously offers an upper-funnel forum for reaching broad audiences as well as provides some means for more intelligently reaching those audiences and reaching conclusions on how effectively they were reached. Plus, advertisers continue to pour more money into the medium.

However, despite being an internet-connected device and having identifiers in the form of email addresses, IP addresses and device IDs, measurement for CTV campaigns is still challenged.

“Because of the fact that CTV is not a click-based medium — the ad is served on your television and that conversion happens later on a different device, maybe in a different place — that makes it so much harder from a measurement perspective,” said Browne.

Enter media mix models. They provide a means for comparing CTV campaigns’ performance in relation to other media channels, from traditional TV to search, social, display, etc., so that advertisers can see how each channel contributes on objectives ranging from brand awareness to purchase intent.

“You need some sort of framework to say, ‘CTV gave this above and beyond what my investments on search and social and commerce and display and everything else gave me,” said Browne.

While Browne discussed the post-campaign assessment of an ad’s performance, there’s also an argument that advertisers may be under-leveraging tests on the pre-campaign end to see how relevant an ad may be to its intended audience, which would affect any incremental improvements in brand recall, purchase intent, etc. “We have to use data-fueled creative … because what is interesting to one person and relevant to one person is not necessarily relevant to another person,” said Manatt, Magna’s evp of intelligence solutions.

To that end, Magna and Nexxen conducted a study that used Nexxen’s audience panel to track viewers’ assessments of ads and then applied that data to optimize the creative, such as observing if people struggled to recall the brand associated with an ad and editing the ad to highlight the brand toward the beginning. Another example would be gauging people’s high likelihood to purchase a product after seeing an ad and updating the ad to include a QR code to capitalize on propensity to purchase.

While the study of 943 adults found that optimized ads only delivered a 16% lift in respondents feeling that an ad was relevant, Manatt pointed to increased lifts in search intent and purchase intent as stronger signals. Per the study, optimized ads delivered a 76% lift in search intent versus a 47% lift for non-optimized ads and a 65% lift in purchase intent versus a 41% lift for non-optimized.

“When you get that higher relevance, we see how much more impact that we actually get on search intent, purchase intent, those transactional metrics that we care about most,” she said.

What we’ve heard

“In the U.S., we predict streaming revenue will overtake linear TV revenue in 2029.”

— GroupM in its 2024 Global End-of-Year Forecast

Streaming’s TV watch time share peaks

November was the latest high-water mark for the amount of time people spend streaming shows and movies each month, according to Nielsen’s latest viewership report The Gauge, which only looked at watch time through Nov. 24 (a.k.a. the Sunday before Thanksgiving).

In addition to streaming notching its largest TV watch time share to date, TV watch time overall reached its highest point since February when the Super Bowl helped to turn more people’s attentions to their TV screens. Major League Baseball’s World Series and the U.S. presidential election’s news bump helped to push up viewership for broadcast TV and cable TV, respectively.

Despite a record month for streaming’s watch time share, the shares for individual streamers did not fluctuate all that much. YouTube maintained its lead over Netflix for the largest share. Hulu registered the largest month-over-month increase at 0.3 percentage points, while sibling streamer Disney+ ceded the most share, losing 0.6 percentage points. And Paramount’s Pluto TV remained under the 1% threshold.

Numbers to know

1.8 billion: Total number of streaming subscriptions worldwide, as of this year.

>300,000: Number of podcasts on Spotify’s platform that are video podcasts.

20: Maximum length, in seconds, of videos that ChatGPT Plus and Pro users can create using OpenAI’s text-to-video generative AI tool Sora.

Read the Article on Digiday

Nexxen and MAGNA Report Finds Using Audience Data to Inform CTV Creative Optimization Increases Lower Funnel Impact

Beyond targeting, audience data is key to gaining insight that demystifies relevance for individual consumers

 Optimized ads drive 78% lift in search intent and 65% lift in purchase intent

New York – December 11, 2024 – MAGNA, the media intelligence and investment unit within IPG Mediabrands, and Nexxen, a global, flexible advertising technology platform with deep expertise in data and advanced TV, today announced the release of a proprietary report –  The Intersection of Audience Data + Creative Optimization: How to Drive Action on Streaming TV – that explored how audience data can make ads more relevant and inspire action. The research tested content from brand advertisers across multiple industry verticals including ecommerce, apparel and entertainment.

The growth of high-fidelity, scaled audience data has been progressively improving how programmatic advertising technology connects brands with engaged and receptive audiences. The study found, however, that 64% of viewers surveyed felt that Connected TV (“CTV”) ads are not relevant to them. The difficulty of pinpointing relevance for each individual consumer amplifies this disconnect. Despite frequent interactions with the right streaming video audiences, brands have been missing opportunities to make their CTV ad creative resonate more with them.

The study produced two key insights:

1. Audience data can be utilized for both audience reach and development of resonant creative:

Relevance is crucial to campaign success. Without knowing how to bring it to life, brands may miss optimal campaign performance and should consider pre-activation testing to enhance creative to better resonate with key audiences.

2. Optimization doesn’t mean starting over with creative – and can be handled pre-flight:

Once audience data has identified ways to enhance creative, simple adjustments – e.g., adding branded overlays, QR codes or smart speaker integrations – can be made in post-production and executed by dynamic creative studios. These can propel consumers closer to conversion, without the need to revamp the ad.

The study showed that, regardless of brand category, ads optimized through these means drive both intent and action. Indeed, it found a 78% lift in search intent among new prospects and 65% lift in purchase intent among existing customers, when comparing optimized to non-optimized ads.

“Our research endeavors to help brands avoid wasted ad dollars, and the performance insights this study generated show how that can be achieved through pairing audience data and optimized creative,” said Kara Manatt, EVP, Intelligence Solutions, MAGNA. “The continued growth of CTV and streaming make it a valuable place for brands to reach their audiences, and we believe this study adds to marketers’ strategic toolkits.”

“In this industry, we talk a lot about relevance, but it is really subjective – it could be the music in an ad, the actors, the imagery that appeals to the consumer. And this is no small thing for brands – just like media, creative is a significant financial investment,” said Les Seifer, SVP, Global Creative, Nexxen. “On behalf of their brand clients, media agencies are already applying audience data for targeting. Taking that same rigorous, data-informed approach to creative assets will connect audiences to the ads they’re served, providing the greatest return on investment.”

 

About MAGNA

MAGNA is the leading global media investment and intelligence company, and part of the IPG Mediabrands network. 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 Instagram.

About Nexxen

Nexxen empowers advertisers, agencies, publishers and broadcasters around the world to utilize data and advanced TV in the ways that are most meaningful to them. Our flexible and unified technology stack comprises a demand-side platform (“DSP”) and supply-side platform (“SSP”), with the Nexxen Data Platform at its core. With streaming in our DNA, Nexxen’s robust capabilities span discovery, planning, activation, monetization, measurement and optimization – available individually or in combination – all designed to enable our partners to reach their goals, no matter how far-reaching or hyper niche they may be.

Nexxen is headquartered in Israel and maintains offices throughout the United States, Canada, Europe and Asia-Pacific, and is traded on the London Stock Exchange (AIM: NEXN) and NASDAQ (NEXN). For more information, visit www.nexxen.com.

 

Press Contacts
Jazmin Brooks
IPG Mediabrands / MAGNA
[email protected]

Caroline Smith
VP, Communications, Nexxen
[email protected]

 

Forward Looking Statements
This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities and Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as “anticipates,” “believes,” “expects,” “intends,” “may,” “can,” “will,” “estimates,” and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the Nexxen and Magna report and any benefits or insights associated with the report as well as any benefits associated with any of Nexxen’s products and platforms including the Nexxen Marketplaces, Discovery Tool, cross-screen measurement tools, Data Platform and CTV offering. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen’s actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including, but not limited to, the following: negative global economic conditions; global conflicts and war, including the current terrorist attacks by Hamas, and the war and hostilities between Israel and Hamas and Israel and Hezbollah, and how those conditions may adversely impact Nexxen’s business, customers, and the markets in which Nexxen competes. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s most recent Annual Report on Form 20-F, filed with the U.S. Securities and Exchange Commission (www.sec.gov) on March 6, 2024. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law.

 

Advertisers, Creators Raise Performance Across YouTube, Reddit

Published on MediaPost

Appealing to users who want something new to engage with across social, search and connected TV has become a challenge, but not when taking the approach of thinking like a “human first and then a brand.”

Here are some holiday tips that make it easier to catch their attention.

Magna Media Trials — a research division of the ad company Magna Global, part of the IPG Mediabrands — released a study called Reddit for Real: Unlocking the True Potential of Reddit for Brands.

The study sheds light on the mindset and behaviors of redditors while analyzing the inner workings and impact of the platform’s community policies.

It looks at behavior and attempts to identify the manipulated AI content and media and highlights how brands can improve performance and build trust with consumers by addressing details in authentic creative content.

Users turn to Reddit basically for three reasons, according to the data. Some 63% said they turn to Reddit to learn new things, while 59% say they hear different perspectives and opinions, and 59% gain a variety of options rather than having to follow the crowd on platforms like Facebook.

This is an opportunity for brands to reach out to individual thinkers and doers — those who are not as easily swayed by the aggressive consensus.

An open mind and trust drive consumer spending, the study says. People who like to learn are naturally more receptive to ads and tend to have an engagement rate of more than 54%. Brands can reach this audience by creating high-quality content that aligns with their tastes.

When this happens, 70% said they will click more often if brands present something entertaining and informative that provides value. Brands with the correct strategy can convert and leverage those clicks, as 52% of redditors indicated they frequently, often, or sometimes purchase a product they saw advertised on the platform.

Some 85% of Reddit users say they come to the site for candid exchanges with other users and brands, and about 86% believe the platform protects privacy and they can share their views, while 74% say they believe it is more trustworthy than others.

Authenticity and trust are the two themes that carry from Reddit to YouTube, although the two platforms take a completely different approach.

On Wednesday, YouTube gave creators new control of ad partnerships by streamlining how brands and content makers collaborate. It simplified partnerships through new tools for BrandConnect Partnership ads and with the general availability of YouTube Select Creator Takeovers.

Creators can now initiate ad partnerships directly through YouTube instead of waiting for advertisers to contact them. And in an unusual step, it protects creators by enabling them to restrict their content to only approved advertisers. In a new approach to monetization, brands gain access to organic metrics and clear use rights when linking videos through Google Ads.

Once a video linking request is approved, advertisers can access information through their Google Ads account. The data spans organic video performance metrics such as view counts, engagement rates and audience demographics.

Managing collaboration with creators directly inside Google Ads will become key for brands — not just during the holiday season, but throughout the year. The company is testing a central place to manage creator partnerships, and this new page will roll out to relevant accounts during the next few months.

That collaboration means nothing without BrandConnect Partnership ad, authentic creator-based videos that brands can integrate into ad campaigns to drive performance. The ads are available to all advertisers globally across all AI-powered campaign types in Google Ads. To use partnership ads, users must link creator videos to their Google Ads account.

Creator videos integrated in ad campaigns can improve performance, according to YouTube. Based on internal data, partnership ads that live on the creator’s channel drove up to 20% higher conversions on the Shorts feed than ads with advertiser branding alone. To make it even easier to link videos, YouTube is introducing a video linking API to help users manage multiple requests at once.

Read the Article on MediaPost

Read the Full Study

NAVIGATING AD NOISE, FRAGMENTATION, AND MISINFORMATION ON SOCIAL MEDIA TO BUILD AUTHENTIC BRAND ENGAGEMENT

MAGNA Media Trials newest research shapes toolkits for advertisers to connect more effectively with communities on Reddit

NEW YORK, NY, NOVEMBER 13, 2024 – To better reach their audiences, advertisers are elevating their content creation game while also keeping brand safety and suitability priorities top-of-mind. In an increasingly noisy, fragmented, and rapidly evolving landscape, brands are hungry for strategic media investments that cut through the clutter, build lasting relationships, and ultimately convert to commerce opportunities. MAGNA Media Trials peels back the curtain on data-backed solutions for how advertisers on the social platform Reddit can do just this.

The new study called “Reddit for Real: Unlocking the True Potential of Reddit for Brands” sheds light on the mindsets and behaviors of redditors while examining the inner workings and impact of the platform’s community policies. And at a time when audiences and advertisers alike are contending with AI and manipulated media, the results highlight how brands can build trust with consumers by addressing the who, what, why, and how.

Turn Up the Volume: These days many people prefer to exist in an echo chamber, regardless of whether the surround sound is pumping out fact or fiction or something else entirely. Yet this is where redditors often go against the trend. Advertisers seeking unfiltered feedback on their products or services, or looking for genuine brand advocates, can tap into redditors’ willingness to share authentic opinions while remaining open to differing perspectives.

Top 3 reasons why users prefer to turn to Reddit compared to other social media platforms:

  • learn new things (63%)
  • hear about different perspectives and opinions (59%)
  • get different options (59%)

 

Open Minds & Trust Drive Spending: Learning-oriented redditors are naturally more receptive to ads and have higher rates of engagement (+54%). Brands can effectively court this audience by creating great content that aligns with their tastes. They’ll click more often (70%) if brands bring something entertaining, informative, and provide real value. Brands with the right strategy can convert and leverage those clicks, as 52% of redditors indicated they frequently, often, or sometimes purchase a product they saw advertised on the platform.

Spill It All Here: Ever have a burning question that you’re too embarrassed to ask IRL? 85% of redditors say they’re here for it and love/like it when they have candid exchanges with both each other and brands. Plus, the platform’s privacy-first foundation is a core reason users feel safe sharing their true opinions (86%) and perceive the content on the platform as more trustworthy (74%) than elsewhere. Redditors can share as much or as little as they’d like about themselves, and still find what they’re looking for.

The popular AMA (Ask Me Anything) sessions are a proof point for this, where brands become more respected (77%), increase their perception of authenticity (63%), and drive favorability (58%) when they directly interact with their audience.

“It’s always a treat when the research findings challenge some of our initial hypotheses, as we strive to help advertisers build more informed, effective strategies,” commented Kara Manatt, EVP, Intelligence Solutions, MAGNA. “We identified where Reddit users lean forward on content and uncovered a few surprising preferences. This audience is actively co-creating an authentic, safer, and more respectful community to engage with each other and with brands who show up in the right way.”

Key Takeaways:

  • It’s essential for brands to engage with their audience where they’re at as redditors value when a brand seizes every opportunity to learn and engage; just like they do.
  • To quote a survey respondent, “Be human first and then a brand.” Redditors relish the chance to participate actively in conversations with brands, e.g., posts, votes, etc. In fact, 80% of those surveyed even like to read a brand’s Reddit posts on controversial topics, highlighting how brands can go beyond ads to build meaningful connection and understanding.
  • Maintain respectful and professional boundaries. Brands shouldn’t swear nor use foul language, which respondents (68%) find inappropriate.

 

“This research highlights the power of the authentic conversations happening on Reddit that drive meaningful brand connections every day,” said Alex Underwood, Global Head of Agency Development. “In today’s marketing landscape, where trust and authenticity are paramount, brands that engage directly with redditors not only gain unique insights but also foster long-term loyalty and advocacy—key drivers of sustainable brand growth.”

There is tremendous momentum in advertising spending this year as the macroeconomic outlook improves. According to MAGNA’s latest ad forecast, brands are investing much of those dollars with digital pure players like social platforms. Whether it’s misinformation avoidance or carving out share of voice amidst the influx of advertisers spending on cyclical events like elections and sports, brands can and should tap every resource in their toolkit to make strategic media investments that align with their goals and mitigate wasted ad dollars.

To read the full study, please click here to access it on the MAGNA website.

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About MAGNA

MAGNA is the leading global media investment and intelligence company, and part of the IPG Mediabrands network. 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.

About Reddit

Reddit is a community of communities where people can dive into anything through experiences built around their interests, hobbies, and passions. Our mission is to bring community, belonging, and empowerment to everyone in the world. Reddit users submit, vote, and comment on content, stories, and discussions about the topics they care about the most. From pets to parenting, there’s a community for everybody on Reddit and with over 50 million daily active uniques, it is home to the most open and authentic conversations on the internet.

For more information, visit redditinc.com.

Media Contacts:

Suzette Meade
IPG Mediabrands / MAGNA
[email protected]

Jazmin Brooks
IPG Mediabrands / MAGNA
[email protected]