Source - LSE Non-Regulatory
RNS Number : 5166I
Mirriad Advertising PLC
08 August 2023
 

8 August 2023

 

 

Mirriad Advertising plc

 

("Mirriad" or the "Company")

 

Research reveals ad avoidance causes and correlation between viewer experience and purchase

New ad formats foster positive viewer attitudes, driving growth in advertiser KPIs

 

Mirriad, the leading in-content advertising company, today announced results of a groundbreaking study in partnership with Kantar which finds a direct correlation of the likeability of advertising and its ability to drive positive performance.

 

In the newly released whitepaper 'Hack to the Future: Understanding viewers' attitudes and preferences to overcome ad avoidance', Kantar found that a substantial 86% of all viewers are taking actions to avoid TV and video advertising across broadcast and network TV, streaming, and online video. In contrast, viewers feel much more positive about in-content advertising from Mirriad and take no steps to avoid this integrated ad format.

 

Declining viewership squeezes inventory availability, so the ability to drive differential results and create new opportunities is a pivotal quality. A visual representation of where Mirriad fits in as a key industry solution can be found here.

 

The Kantar research also found that a viewer's negative perception of an ad format leads to lower ad effectiveness and purchase activity. Viewers are so over-saturated by TV and video ads that they dislike and avoid the format and, if they do see the ads, purchase the advertised products and services at a lower rate compared to when they're exposed to highly favourable formats like in-content advertising from Mirriad.

 

Mirriad's strong performance in driving better results can be attributed to a favourable viewer perception especially due to the natural feel of the format (83%) and its non-intrusive nature (79%). The study found that on average, viewers who feel positive about their ad experience are much more likely to purchase an advertiser's product, resulting in a 61% higher incidence of adding products to the shopping cart, and 40% higher online purchase and 27 % higher in-store purchase.

 

Stephan Beringer, CEO at Mirriad, said: "Advertisers looking for ways to improve their performance on TV, CTV and video now have even more proof that in-content advertising is an indispensable new solution. Given the growing ad fatigue and the dramatic issue of ad escapism, in-content advertising is a format that is pivotal for brand equity and sales. In contrast to the traditional ad-break that today has a compounding negative effect, Mirriad operates with an experience-first solution in the content itself, maximising a brand's opportunity to leverage positive viewer perceptions to drive better results."

 

Sparsh Pandya, Client Director at Kantar, said "Viewers feel positive about Mirriad's ad formats and that directly drives an incredible increase in purchase, among other key performance metrics. At a time when traditional advertisements are skipped, blocked, and creating fatigue, our study proves that in-content advertising as spearheaded by Mirriad is a smart choice for advertisers."

 

ENDS

Enquiries:

For further information please visit www.mirriad.com or contact:

 

Mirriad Advertising plc

Stephan Beringer, Chief Executive Officer

David Dorans, Chief Financial Officer

Tel: +44 (0)207 884 2530

 

Financial Communications:

Charlotte Street Partners

Tom Gillingham Tel: +44 (0) 7741 659021

Fergus Mcgowan Tel: +44 (0) 7590 049023

 

About Mirriad
The leader in virtual product placement and in-content advertising, Mirriad's multi-patented and award-winning platform dynamically inserts products and brands into Television, SVOD/AVOD, Music, and Influencer content. Mirriad creates net-new revenue opportunities for content owners with an ad format that virtually integrates brands in entertainment content, drives exceptional performance for advertisers and dramatically improves the viewing experience. Mirriad currently operates in the US, Europe, and the Middle East.

 

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAEANPXELPDEEA
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Mirriad Advertising PLC (MIRI)

+0.03p (+2.33%)
delayed 15:57PM