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MENA OTT Market Surpasses $1 Billion in 2023: Shahid and StarzPlay Lead Innovation

MENA OTT Market Surpasses $1 Billion in 2023: Shahid and StarzPlay Lead Innovation

technology 30 May 2024

The Over-The-Top (OTT) video streaming market in the Middle East and North Africa (MENA) region experienced significant growth in 2023, with key players like Shahid and StarzPlay leading the way with innovative strategies and content offerings.

  1. Market Growth: Omdia reports a 13% increase in the MENA OTT market, surpassing $1 billion in revenues in 2023. Strategic partnerships and bundle offerings have played a crucial role in enhancing accessibility and content diversity.

  2. Leading Players: Shahid, part of MBC, leads the market with a 22% share and 3.6 million subscribers, leveraging extensive local Arabic content. StarzPlay follows closely with an 18% share and innovative offerings like AVOD, exclusive content, and sports rights.

  3. Innovative Strategies: StarzPlay's launch of AVOD, exclusive content premieres, and sports rights acquisitions have strengthened its competitive edge, driving subscriber growth and engagement.

  4. Future Outlook: Omdia forecasts continued growth, with revenues expected to reach $1.2 billion in 2024. The market presents significant opportunities in online video advertising and Pay TV expansion, with FAST channels poised for rapid growth.

Pointers:

  • Shahid and StarzPlay's innovative strategies and localized content resonate deeply with MENA audiences, contributing to the market's robust growth.
  • Exclusive content, sports rights acquisitions, and AVOD offerings are key drivers of subscriber engagement and retention in the MENA OTT market.
  • Omdia's outlook highlights the promising future of streaming video services in the region, with continued growth and expansion in content offerings.

The MENA OTT market's surpassing of $1 billion in revenues in 2023 reflects the region's growing appetite for digital entertainment. Shahid, StarzPlay, and other players are leading the way with innovative strategies and localized content, driving subscriber growth and engagement. The future outlook remains exceptionally promising, with continued expansion and opportunities for content diversification to meet evolving audience preferences.

Improving Ad Experiences: Insights from FreeWheel and MediaScience's Viewer Experience Lab

Improving Ad Experiences: Insights from FreeWheel and MediaScience's Viewer Experience Lab

advertising 30 May 2024

The third report from FreeWheel’s Viewer Experience Lab uncovers how ad latency, unnatural ad breaks, and slate disrupt the viewer experience; provides recommendations for addressing them

Research shows latency in particular remains an industry problem, bothering nearly 80% of viewers and impacting perceived quality of program, ads, and brands

FreeWheel and MediaScience's recent report from the Viewer Experience Lab delves into factors influencing ad experiences and how content owners can optimize these experiences for viewers and brands alike.

  1. Impact of Ad Quality: Contrary to common assumptions, ads themselves don't significantly affect program enjoyment for viewers. However, issues like ad latency, unnatural ad breaks, and slates negatively impact brand perception and recall.

  2. Key Findings: The report highlights that nearly 80% of viewers are bothered by ad latency, leading to decreased perceived quality of programs, ads, and brands. Unnatural ad breaks and slates also contribute to ad intrusiveness and reduced joy in content consumption.

  3. Viewer Experience Study: The study involved viewers participating in an in-lab session with varied ad experiences, revealing insights into how different ad formats impact viewer satisfaction and brand recall.

  4. Industry Solutions: FreeWheel has developed tools to address these issues, focusing on enhancing creative approval processes, managing ad frequency, and reducing the appearance of blank ads or slates.

Pointers:

  • Ad quality significantly impacts brand perception and recall, with issues like ad latency and unnatural ad breaks affecting viewer enjoyment.
  • FreeWheel's initiatives aim to improve the ad experience by addressing ad latency, managing ad frequency, and enhancing creative approvals.
  • Continued research from the Viewer Experience Lab aims to further understand ad relevance's impact on viewer satisfaction and brand recall.

The collaboration between FreeWheel and MediaScience sheds light on the importance of ad quality in enhancing viewer experiences and brand engagement. Insights from this research pave the way for industry solutions that prioritize viewer satisfaction and optimize ad effectiveness in the evolving media landscape.

AtData Welcomes Brian Burke as Vice President of Product to Drive Identity and Marketing Solutions

AtData Welcomes Brian Burke as Vice President of Product to Drive Identity and Marketing Solutions

marketing 30 May 2024

Seasoned Product Development Executive Joins Email Address Intelligence Provider

AtData, known for its expertise in email address intelligence and data security, has appointed Brian Burke as Vice President of Product to steer its identity and marketing solution-focused product roadmap.

Brian Burke's Background: Brian Burke brings over 20 years of experience in identity data, product development, and software/database development. His previous roles include Vice President of Product at Verisk Marketing Solutions and leadership positions at Infutor and LSSiDATA.

Key Responsibilities: As Vice President of Product, Burke will enhance and accelerate AtData's product roadmap, focusing on identity-driven solutions and integrated marketing tools that leverage email address intelligence.

Quote from Brian Burke: "I'm excited to join AtData and contribute to its growth trajectory in developing identity-driven solutions. The email address is becoming increasingly important as a key identity element, especially with evolving data privacy regulations and changes in third-party cookie usage."

Strategic Vision: Tom Burke, CEO of AtData, emphasizes the strategic importance of enhancing identity data and integrating solutions to leverage email address intelligence. This approach aims to help marketers understand their customers better in a privacy-conscious environment.

AtData's Solutions: AtData's suite of services, including email validation, identity resolution, and profile enrichment, empowers marketers to connect with customers on emotional and logical levels, adding significant value to every communication.

Brian Burke's appointment as Vice President of Product reflects AtData's commitment to staying at the forefront of email address intelligence and data security, providing innovative solutions that align with evolving industry trends and customer needs.

Precisely Receives In Process Designation for Data Governance Service in FedRAMP Pursuit

Precisely Receives In Process Designation for Data Governance Service in FedRAMP Pursuit

data management 30 May 2024

Underscores commitment to fueling the U.S. government sector with trusted data for smarter, more transparent, and efficient decision-making

Precisely, renowned for its expertise in data integrity, has attained In Process designation for its Data Governance service within the Precisely Data Integrity Suite. This milestone underscores Precisely's commitment to delivering robust data governance solutions to the public sector, as it progresses towards Federal Risk and Authorization Management Program (FedRAMP) Authorization.

  1. FedRAMP and Data Governance: FedRAMP plays a pivotal role in promoting secure cloud services across the federal government. Precisely's Data Governance service, now listed on the FedRAMP Marketplace, aligns with FedRAMP's standards and processes, enhancing data governance capabilities for government agencies.

  2. Importance of Data Integrity: Research from the National Association of State Chief Information Officers (NASCIO) highlights the significance of data integrity within state government. Data governance ensures organizations can trust and leverage critical data, leading to informed decisions and improved digital services.

  3. Precisely Data Integrity Suite: The Data Governance service is part of Precisely's comprehensive Data Integrity Suite, designed to break down data silos, detect issues early, deliver high-quality data, and enrich data for better decision-making and reporting.

Pointers:

  • Precisely's In Process designation signifies progress towards FedRAMP Authorization, enabling government agencies to enhance data governance and compliance efforts.
  • Data governance is crucial for organizations to maximize the value of their data, fueling modernization and data-driven initiatives.
  • The Precisely Data Integrity Suite offers interoperable services to address data integrity challenges and improve decision-making across sectors.

Precisely's achievement of In Process status for its Data Governance service marks a significant step towards strengthening data integrity and governance within government agencies. This milestone enables agencies to overcome data quality challenges, enhance collaboration, and make confident decisions based on accurate and contextual data, ultimately driving mission success and compliance.

Microsoft Face 2-Front War as Google and Elon Musk Pile Pressure

Microsoft Face 2-Front War as Google and Elon Musk Pile Pressure

business 29 May 2024

In the ever-evolving tech landscape, Microsoft finds itself besieged on two critical fronts. Google’s aggressive move to acquire HubSpot and Elon Musk's $6 billion financing round for his AI start-up xAI are reshaping the competitive dynamics. These developments signal a looming challenge to Microsoft's dominance in both the cloud services and artificial intelligence (AI) markets.

 

 

 

Google Eyes HubSpot Acquisition to Challenge Microsoft

 

Google’s parent company, Alphabet, is reportedly making strides towards acquiring HubSpot, a leading marketing software company valued at $30 billion. This acquisition, if finalized, would be Alphabet's largest ever and a strategic pivot to enhance its competitiveness in the cloud applications market. HubSpot's expertise in inbound marketing software, primarily catering to small and medium-sized businesses (SMEs), could significantly bolster Google's offerings.

Analysts suggest that this acquisition is a direct attempt to erode Microsoft's stronghold in the customer relationship management (CRM) sector, dominated by Microsoft’s Dynamics 365 products. By integrating HubSpot’s tools, Google aims to present a robust alternative to Microsoft's productivity suite, attracting a broader client base, particularly SMEs. This move aligns with Google's broader strategy to challenge Microsoft in the productivity and cloud markets, where Microsoft currently holds a substantial market share.

 

 

Financially, HubSpot has demonstrated impressive growth with a 20% year-over-year sales boost in Q1 2024, generating a profit of $6 million. Despite some skepticism about the sustainability of this growth due to high interest rates affecting SME financing, the acquisition would provide Google with valuable first-party data. This data is crucial as Google phases out third-party cookies, enhancing its advertising business and complementing its core search engine operations.

 

Elon Musk’s xAI Raises $6 Billion to Compete with OpenAI

 

On another front, Elon Musk's AI start-up, xAI, has closed a staggering $6 billion funding round, positioning it as a formidable competitor to OpenAI, which has garnered significant backing from Microsoft. Despite being barely a year old, xAI’s rapid rise underscores Musk’s ambition to rival the established AI giants.

Musk, a co-founder of OpenAI before parting ways in 2018, is leveraging his extensive network of loyal investors, including Kingdom Holding, Valor Equity Partners, and Andreessen Horowitz, to fuel xAI’s growth. The funds will be used to advance xAI’s AI capabilities, including its chatbot Grok, which is integrated with Musk's social media platform, X (formerly Twitter).

xAI’s ambitious mission to "understand the true nature of the universe" positions it as a "maximum truth-seeking" alternative to ChatGPT and Google’s AI tools. This framing appeals to investors and users disillusioned with what Musk describes as the "politically correct" narratives of his competitors. The integration of Grok with X provides xAI with a real-time data stream and a vast user base, enhancing its AI model's training and deployment capabilities.

 

The Intensifying Battle for Tech Supremacy

 

For Microsoft, the stakes are higher than ever. Google's potential acquisition of HubSpot threatens to disrupt Microsoft's CRM dominance and cloud services market share. Simultaneously, Musk's xAI, backed by substantial funding, aims to challenge the AI frontier, where Microsoft has invested heavily through its partnership with OpenAI.

The dual-front pressure underscores the volatility and competitiveness of the tech industry. Microsoft, a stalwart in both cloud and AI sectors, must now navigate these emerging threats with strategic agility. The coming months will likely witness intensified competition, with each tech titan vying for technological supremacy and market dominance.

 

 

As Google and Elon Musk ramp up their strategic initiatives, Microsoft faces significant challenges in maintaining its market leadership. The potential HubSpot acquisition by Google threatens to chip away at Microsoft’s CRM and cloud stronghold, while Musk’s well-funded xAI ventures to rival OpenAI's advances in artificial intelligence. This two-front war heralds a pivotal phase in the tech industry, promising rapid innovation and fierce competition. Microsoft's response to these threats will be crucial in determining its future trajectory in an increasingly contested digital landscape.

LivePerson Appoints Sandy Hogan as Chief Revenue Officer

LivePerson Appoints Sandy Hogan as Chief Revenue Officer

technology 29 May 2024

Established revenue leader with proven track record of success joins leading digital conversations company

LivePerson, a leader in digital customer conversations, has appointed Sandy Hogan as its new Chief Revenue Officer. This strategic move aligns with LivePerson's go-to-market transformation strategy to enhance value for enterprise customers.

  1. Sandy Hogan’s Leadership and Experience:
    • Sandy Hogan is recognized for her success in scaling growth, revenue, and enterprise value.
    • Her prior roles include leading significant transformations at SADA, VMware, Rackspace, HERE Technologies, and Cisco.
  2. Hogan’s Role at LivePerson:
    • She will oversee the global sales and partner organization.
    • Focus on maximizing the value of LivePerson's Conversational Cloud platform.
    • Effective start date is June 6.
  3. Statements from Leadership:
    • John Sabino, CEO of LivePerson, praised Hogan’s ability to help customers maximize their software investments.
    • Hogan expressed enthusiasm about joining LivePerson and emphasized the company’s leadership in AI-driven business outcomes.
  4. Impact on LivePerson’s Go-to-Market Strategy:
    • Hogan’s appointment is a key element of LivePerson's strategy to deliver enhanced customer lifetime value.
    • Her experience with go-to-market models will drive above-market growth and transform sales and partner engagements.

Sandy Hogan’s appointment as Chief Revenue Officer marks a significant step in LivePerson's mission to deliver unparalleled value through its Conversational Cloud platform. Her extensive experience in tech leadership and go-to-market transformations positions her to effectively lead LivePerson’s sales and partner organization towards achieving higher growth and maximizing customer success.

Fastly Appoints Scott R. Lovett as Chief Revenue Officer

Fastly Appoints Scott R. Lovett as Chief Revenue Officer

cloud technology 29 May 2024

Fastly, Inc., a leading global edge cloud platform, has announced the appointment of Scott R. Lovett as Chief Revenue Officer, effective June 3, 2024. Lovett will be responsible for leading Fastly’s global sales and customer success organizations, reporting directly to CEO Todd Nightingale.

  1. Scott R. Lovett’s Leadership and Experience:
    • Lovett brings over 30 years of experience in the network services and cybersecurity industries.
    • His expertise includes go-to-market strategies, strategic planning, and business development.
    • Previous roles include Chief Revenue Officer at Imperva, and leadership positions at Akamai, McAfee, and Cisco.
  2. Lovett’s Role at Fastly:
    • He will oversee global sales and customer success initiatives.
    • Focus on driving long-term growth and accelerating customer acquisition.
    • Reports directly to CEO Todd Nightingale.
  3. Statements from Leadership:
    • Todd Nightingale, CEO of Fastly, emphasized Lovett’s proven track record in revenue growth and customer success.
    • Nightingale highlighted the importance of Lovett’s role in transforming and growing the business.
  4. Impact on Fastly’s Strategy:
    • Lovett’s appointment aligns with Fastly’s goals to enhance customer engagement and leverage the Fastly Edge Cloud Platform.
    • His customer-centric approach is expected to unlock new growth opportunities and amplify go-to-market activities.
  5. Lovett’s Vision for Fastly:
    • Lovett expressed excitement about joining Fastly and praised the passion of its customers and employees.
    • He aims to harness this passion to drive growth and help customers maximize the platform’s potential.

Scott R. Lovett’s appointment as Chief Revenue Officer is a strategic move for Fastly as it seeks to drive long-term growth and enhance customer success. With Lovett’s extensive experience and proven leadership in technology and go-to-market strategies, Fastly is well-positioned to achieve its business goals and continue its trajectory as a leader in the edge cloud platform industry.

Chicory Appoints Stacey Hafers as Chief Financial Officer

Chicory Appoints Stacey Hafers as Chief Financial Officer

business 29 May 2024

Stacey Hafers, who led exits at TI Health and Crisp Media, brings 25 years of experience to role

Chicory, the leading contextual commerce advertising platform, has announced the appointment of Stacey Hafers as its first Chief Financial Officer (CFO). With over 25 years of experience in ad tech and digital businesses, Hafers brings a wealth of knowledge and expertise to Chicory.

  1. Stacey Hafers’ Extensive Experience:
    • Hafers has over 25 years of experience in financial roles within the ad tech and digital sectors.
    • She served as CFO at TI Health, leading up to its acquisition by Real Chemistry.
    • Prior roles include CFO at Crisp Media, where she managed the sale to Quotient Technology, and senior financial positions at Vibrant Media, Village Voice Media, and Walker Digital.
  2. Role and Vision at Chicory:
    • Hafers will oversee Chicory’s financial strategy and operations.
    • Her appointment comes at a time of significant growth and opportunity for Chicory, with over 70 retailer integrations on the platform.
    • She aims to leverage her experience to maximize Chicory’s market opportunities and drive financial success.
  3. Statements from Leadership:
    • Yuni Baker-Saito, CEO and co-founder of Chicory, highlighted the platform’s success and the strategic timing of Hafers’ appointment to capitalize on growing interest in retail media networks.
    • Hafers expressed enthusiasm about re-entering the advertising and media sector with Chicory, a company poised for innovation and growth.
  4. Chicory’s Strategic Position:
    • Chicory is well-positioned to benefit from the increasing interest in retail media networks.
    • The platform successfully integrates publishers, brands, and consumers, creating a transformative trifecta in the industry.
    • Hafers’ leadership is expected to unlock greater potential and drive continued success.

Stacey Hafers’ appointment as Chief Financial Officer marks a pivotal moment for Chicory as it continues to expand and innovate within the contextual commerce advertising space. With her extensive experience and proven leadership in financial strategy, Hafers is set to help Chicory maximize its opportunities and achieve sustained growth.

   

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