Pandora today announced it will acquire AdsWizz, the global leader in digital audio ad technology. The addition of AdsWizz will upgrade Pandora’s ad tech capabilities, provide its advertisers with greater audience reach, and expand the company’s revenue opportunities.
AdsWizz is one of the few ad tech firms that is completely dedicated to digital audio, serving some of the largest players in the industry. With digital audio advertising growing 42% year-over-year, according to the IAB, the combined offering of Pandora and AdsWizz will capitalize on this trend, while making it easier for publishers to monetize their inventory, and for advertisers to buy and measure their campaigns.
Spotify is making its audio ad inventory available to programmatic buyers in its latest effort to capture new ad revenue and make it easier for advertisers to target users listening to music on the go.
The music streaming giant has struck deals with Rubicon Project, The Trade Desk and AppNexus to make its mobile audio inventory available for purchase in near-real time, through private digital marketplaces. That means an ad buyer can now tweak and serve audio creative to a user based on what they know about the user — listening habits and log-in data from Spotify and first-party data from a client, for example — in a matter of milliseconds. The transaction is automated, and buyers and traders can bid on Spotify’s audio inventory, alongside display and video inventory, in an auction-like environment.