Independent video platform JW Player partners with SpotX
JW Player has launched Video Player Bidding, as part of a partnership with SpotX.
The announcement:
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 monetisation 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 monetisation 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 maximising 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 realised 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 maximise monetisation. 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 maximising 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.”
Source: SpotX
