Improves Process of Buying and Selling Vibrant Digital Advertising Platform
NEW YORK — (BUSINESS WIRE) — November 16, 2009 — The lightning-quick pace of innovation in digital video ad platforms and tools has resulted in divergent technologies and systems that impact the successful deployment of advertising campaigns. To resolve this friction point and continue its leadership role in standardizing digital video the Interactive Advertising Bureau (IAB), today released “VAST 2.0”, an update to the Digital Video Ad Serving Template that it created in July 2008 to standardize the communication protocol between video players and servers. The announcement was made at the IAB’s annual Ad Ops Summit in New York City.
VAST 2.0 includes critical updates that:
“As more and more marketers embrace digital video for its ability to engage consumers and showcase brands, standardization is critical,” said Jeremy Fain, vice president of Industry Services, IAB. “VAST 2.0 will allow publishers who use it to be able to plug into multiple third-party digital video ad servers and networks without additional development, making it easier for marketers to reach large audiences through digital video.”
“By standardizing ad serving on VAST we can open the floodgates of agency media spend and allow publishers to maximize their yield per video view,” said Ari Paparo, Group Product Manager, Advertiser Products of Google.
“Vast 2.0” is the latest addition to the IAB’s work over the past year dedicated to creating a common infrastructure across the digital video ecosystem. The IAB’s efforts have addressed specific concerns around technology, metrics and consistent terminology. This ongoing initiative has included the release of the following documents:
All of these documents can be reviewed at: http://www.iab.net/digitalvideo
To review “Vast 2.0,” please go to: http://www.iab.net/vast
About the IAB’s Digital Video Committee:
The Digital Video Committee of the IAB is comprised of over 145 member companies actively engaged in the creation and execution of digital video advertising. One of the goals of the committee is to implement a comprehensive set of guidelines, measurement, and creative options for interactive video advertising. The committee works to educate marketers and agencies on the strength of digital video as a marketing vehicle. A full list of Committee member companies can be found at: http://www.iab.net/member_center/35088?iabid=a0330000000s0p4AAA
About the IAB:
The Interactive Advertising Bureau (IAB) is comprised of more than 375 leading media and technology companies who are responsible for selling 86% of online advertising in the United States. On behalf of its members, the IAB is dedicated to the growth of the interactive advertising marketplace, of interactive’s share of total marketing spend, and of its members’ share of total marketing spend. The IAB educates marketers, agencies, media companies and the wider business community about the value of interactive advertising. Working with its member companies, the IAB evaluates and recommends standards and practices and fields critical research on interactive advertising. Founded in 1996, the IAB is headquartered in New York City with a Public Policy office in Washington, D.C. For more information, please visit www.iab.net.
Marla Aaron, 212-380-4714
Director, Marketing Communications