Ads Need to Work Harder to Break Through to Millennials, Says New Study from IPG Media Lab and YuMe

Research on tablet video consumption explores how to reach elusive millennials

Business Wire
Ads Need to Work Harder to Break Through to Millennials, Says New Study from IPG Media Lab and YuMe
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REDWOOD CITY, Calif.--(BUSINESS WIRE)--

YuMe, Inc. (YUME), a leading provider of digital video brand advertising solutions, and IPG Media Lab unveiled their latest research results on millennial video consumption and behaviors, including data on ad effectiveness among this demographic.

While the first phase of the study determined whether the tablet is the ultimate video viewing device, comparing tablets to TV, mobile, PC and comparing in-browser to in-app, the second phase broke down millennials’ media consumption, multi-tasking habits, and revealed which device is most effective for brand recall and persuasiveness within this influential demographic.

“This study really did exceed our expectations, as it not only proved the power of tablet video consumption, but it dove deeper to showcase actual habits and consumption of millennials,” says Kara Manatt, Vice President of Consumer Research Strategy at IPG Media Lab.

Study Highlights: Millennials and Digital Video

  • Millennials are more heavily distracted while watching video, and therefore, ads have a harder time breaking through
  • When video ads do break-through, there can be a more positive brand impact on millennials compared to other generations
  • Smartphones are the most popular device for millennials to frequently watch web videos
  • Video ads are especially effective among millennials when appearing on smartphones
  • Millennials are more likely to multi-task with other connected devices

The results were presented at the Videonomics Summit and revealed that when it comes to multi-screen video consumption, not all demographics are created equal.

“We were excited to have YuMe and IPG present their latest research around millennials at the Monarch Beach Summit,” says Josh Messinger, President of Videonomics. “200+ senior marketers and media execs welcomed clarity around how to reach this moving target. We are fortunate to have companies like YuMe funding such important industry research.”

“The results showed that millennials tend to multi-task with other connected devices, a clear opportunity to plan for duplication and exposure timing across devices for ad breakthrough,” said Ed Haslam, SVP of Marketing at YuMe.

To learn more about the study and its results, join the IAB webinar on November 22nd at 11:30am PT – visit https://www1.gotomeeting.com/register/337165017 to register.

For additional key findings from YuMe and IPG Media Lab, (including results from phase one of the study - The Tablet as the Ultimate Video Viewing Device) as well as methodology and the full report, please visit: http://www.yume.com/insights/video-advertising-research. For the Millennials study infographic, visit: yume.com/Millennials

About IPG Media Lab

The IPG Media Lab is equal parts think tank, real-world proving ground, and change enabler. We provide agencies and clients with the power to harness emerging media by offering facilities, expertise, and resources specifically tailored to rigorously testing emerging media and marketing techniques - driving quantifiable outcomes, learnings and strategies. http://www.ipglab.com

Blog: http://blog.ipglab.com/ Twitter: http://www.twitter.com/ipglab Facebook: https://www.facebook.com/IPGLab

About YuMe

YuMe, Inc. is a leading provider of digital video brand advertising solutions. Its proprietary data-science driven technologies and large audience footprint drive inventory monetization and enable advertisers to reach targeted, brand receptive audiences across a wide range of Internet-connected devices. Designed to serve the specific needs of brand advertising, YuMe’s technology platform simplifies the complexities associated with delivering effective digital video advertising campaigns in today’s highly-fragmented market. YuMe (YUME) is headquartered in Redwood City, CA with European headquarters in London and nine additional offices worldwide. For more information, visit YuMe.com/pr, follow @YuMeVideo and like YuMe on Facebook. Current YuMe logos can be found at www.yume.com/news/logos.

YuMe is a trademark of YuMe. All other brands, products or service names are or may be trademarks or service marks of their respective owners.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties, assumptions and other factors that could cause actual results and the timing of certain events to differ materially from those set forth in or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by the words "may," "might," "will," "could," "would," "should," "expect," "intend," "plan," "objective," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue" and "ongoing," or the negative of these terms, or other comparable terminology intended to identify statements about the future. All statements other than statements of historical fact are statements that could be forward-looking statements, including, but not limited to, statements about this U.S. study into the impact of Smart TV conducted by Neilson on behalf of YuMe and LG, YuMe’s growth strategy, including global expansion and technological development; anticipated trends and challenges in our industry, including the increasing quantity, variety and fragmentation of digital video content, platforms and technologies; expansion of the digital media advertising market in general and the digital video advertising market in particular; our competition; market trends, including overall opportunities for digital media advertising and shifting advertising budgets; the ongoing improvement and refinement of our data-science capabilities; developments in the regulatory framework applicable to our business; and our intellectual property and proprietary technologies.] The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in our periodic filings with the Securities and Exchange Commission, including our Form 10-Q for the quarter ended June 30, 2013. The forward-looking statements in this press release are based on information available to YuMe as of the date hereof, and YuMe assumes no obligation to update any forward-looking statements.

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Contact:
for YuMe
Amanda Gonzalez, 415-547-7020
agonzalez@waggeneredstrom.com

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