Here are some of the highlights.
TV networks and ad agency executives came together to form a Joint Industry Committee in January that would allow for the sharing of connected TV server data and certify measurement companies to measure audiences and target ads from it. Key holdouts among connected TV players include YouTube, Amazon and Netflix, though the invitation remains open. Nielsen competitors signed up to be evaluated, and three of them—Comscore, iSpot.tv and VideoAmp—got conditional certification. Nielsen didn’t participate, so it didn’t. Whether that will ultimately favor Nielsen rivals by giving them access to networks’ first-party connected TV viewing data that Nielsen lacks remains to be seen.
Nielsen got its Media Rating Council accreditation for national TV ratings back after a 19-month hiatus. With or without MRC accreditation, Nielsen’s panel-based ratings were still the dominant currency in TV deals for the 2022-23 upfront, even though loss of the badge put similarly unaccredited rivals Comscore, iSpot.tv and VideoAmp on a similar footing. Restoration of Nielsen’s ratings just before the 2023-24 upfront opened the door for another move.
Prior to having its MRC accreditation restored, Nielsen aimed to have its big data set from set-top boxes and smart TVs, modeled using its panel, be the currency of choice in the 2023-24 upfront. Following the MRC restoration—and pushback from agencies that hadn’t seen enough of the new data quickly enough to plan—Nielsen backtracked to trading on panel. But Nielsen left open the option of trading on big data for parties that opted in and reiterated that in August, even as relatively few deals were written on the new currency, according to people familiar with the matter. Nielsen’s panel data remains the only MRC-accredited currency for TV.
Nielsen’s long-stated plan was to, by 2024, sunset C3 (measuring commercials viewed live and within three days of playback) and C7 (played back over seven days) TV ratings, used for well over a decade, based on average commercial minutes (ACM) across programs, and have the industry trade on its big data, including impressions on individual commercial minutes (ICM). But by October, the company still didn’t have MRC accreditation for its big data product. So it backtracked on those plans.
Nielsen will offer ICM based on big data modeled using its panel measurement as a “preferred” currency next year. But it will still support trading on C3 and C7 using panel only or big data plus panel. Buyers and sellers will get to sort out which they want to trade on. Or they could select big data options from Comscore, iSpot.tv and VideoAmp in a sort of currency buffet. Some buyers expect the old C3 and C7 panel data to predominate once again next year, as things stay the same despite all the talk.