21 October 2021, Luxembourg/Cologne
Luxembourg/Cologne, 21 October 2021 – RTL Group today announced a comprehensive cooperation with Amobee to strengthen their ad-tech businesses in continental Europe. RTL Group and Amobee will establish a jointly owned sales and services company called TechAlliance, which will combine the ad-tech services of Amobee and Smartclip in Europe. The agreement is subject to regulatory approvals and expected to close in the first quarter of 2022.
RTL Group and Amobee will align their product roadmaps to build an integrated ad-tech offering that unites the complementary strengths of their businesses:
Thomas Rabe, CEO of RTL Group, says: “Addressable TV advertising offers huge growth potential for European broadcasters. The newly formed TechAlliance is a landmark partnership towards seizing this opportunity. It gives European broadcasters and streaming services access to a technology solution which allows them to combine the high reach and brand safety of linear TV with the targeting solutions of digital advertising. The TechAlliance will set market standards in the European TV industry, giving advertisers and media agencies seamless access to our premium video inventory.”
As addressable TV will grow available inventory, attract new advertisers and deliver higher CPMs, market studies predict that addressable TV could account for 30 per cent to 50 per cent of all TV advertising spend in Europe in the long term. In Germany alone, addressable TV advertising is expected to grow to more than €500 million by 2025.
Thomas Rabe continues: “RTL Group’s strategy is based on three priorities – core, growth, and alliances and partnerships. With RTL AdConnect, Bedrock and our new TechAlliance, we offer partnership opportunities to other European broadcasters in the areas of advertising sales, streaming technology and advertising technology – all based on the philosophy of bundling resources to establish open and neutral platforms. We are in advanced talks with several European broadcasters to scale up our international platforms, which complement our goal to lead in-market consolidation throughout Europe.”
Nick Brien, CEO of Amobee, says: “Amobee’s collaboration with RTL Group to form TechAlliance is a pioneering example of our companies’ complementary business strategies: to bring buyers and sellers closer together through mutually-beneficial solutions and technologies that allow for a thriving independent ecosystem. The TechAlliance is a major milestone for the advertising industry in Europe, giving advertisers programmatic access to the most expansive pool of addressable pan-European premium content, underpinned by privacy-compliant and future-proofed audience solutions. It gives broadcasters the ability to combine sales and technology to scale their operations – extracting the most value from their data and inventory assets. The TechAlliance is truly the next wave of ad tech innovation: powering the convergence of TV and digital.”
About RTL Group
RRTL Group is a leader across broadcast, content and digital, with interests in 67 television channels, ten streaming platforms and 38 radio stations. RTL Group also produces content throughout the world and owns a digital video network. The television portfolio of Europe’s largest broadcaster includes RTL Television in Germany, M6 in France, the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia, Hungary and Antena 3 in Spain. RTL Group’s families of TV channels are either the number one or number two in eight European countries. The Group’s flagship radio station is RTL in France, and it also owns or has interests in other stations in France, Germany, Belgium, Spain and Luxembourg. RTL Group’s content business, Fremantle, is one of the world’s largest creators, producers and distributors of scripted and unscripted content. Fremantle has an international network of teams across production and distribution, operating in more than 25 countries, producing 12,700 hours of original programming and distributing over 30,000 hours of content worldwide. Combining the streaming-services of its broadcasters (such as RTL+/TV Now, 6play, Salto, Videoland), the digital video company We Are Era, and Fremantle’s more than 360 YouTube channels, RTL Group has become the leading European media company in digital video. RTL Group also owns the ad-tech businesses Smartclip and Yospace, as well as the streaming-tech company Bedrock. RTL AdConnect is RTL Group’s international advertising sales house. Bertelsmann is the majority shareholder of RTL Group, which is listed on the Luxembourg and Frankfurt stock exchanges and in the SDAX stock index.