🌯 HBO Max Is Back—But Can Neo Fix the CTV Matrix?

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If a product reverts back to its old name, is it still technically a rebrand?

Warner Bros. Discovery (WBD) announced Wednesday that its streaming service Max, which got a lot of flack for dropping its original name, is going back to HBO Max.

Many consumers wondered why the streaming company would drop the HBO name that accentuated WBD’s connection to another prestigious player in the TV and film industry. But who am I to judge? I am no film or TV executive. It’s not like HBO created shows throughout the last few decades that made it an iconic media brand (like “The Wire,” “The Sopranos,” “Game of Thrones,” “Insecure,” “Succession” and “Sex and the City,” to name a few).

But this isn’t my time to have a Carrie Bradshaw moment by venting through blog posts. You’re here for the ad tech implications.

It’s too soon to say how this rebrand will affect WBD’s advertising and revenue goals. But the broadcaster made some other news during the upfronts that will have a more immediate impact on its ad business.

WBD unveiled Neo, a new self-serve buying platform that’s meant to help advertisers sift through the fragmented CTV space.

WBD says Neo will give advertisers more visibility into where their ads appear and allow for more granular targeting and performance-tracking across WBD’s media ecosystem.

“Advertisers can maximize the full potential of their advertising spend, analyze data more clearly and buy on their terms to scale campaigns faster and smarter,” said Jill Steinhauser, WBD’s group senior vice president, platform monetization and partnerships.

Additionally, WBD is introducing DemoDirect, its version of audience-based buying that merges linear and streaming campaigns into a single, streamlined plan.
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HBO Max Is Back—But Can Neo Fix the CTV Matrix?

Stuck In The WBD Matrix

WBD is also leaning into its library of iconic content to offer brands a new way to create custom campaigns. Through its Storyverse initiative, the company gives advertisers access to characters and narratives from WBD’s beloved movies and shows.

We’ve already seen what these campaigns will look like in practice. Think State Farm’s Batman vs. Bateman ads or Unilever’s Super Bowl spot promoting Hellmann’s mayonnaise starring Meg Ryan and Billy Crystal reprising their roles from “When Harry Met Sally.”

Storyverse enables brands to develop branded content, product lines or creative integrations that can run across WBD’s platforms or through external partnerships. This strategy allows marketers to tap into fan nostalgia for established media properties to build deeper consumer connections.

To borrow some inspiration from WBD’s new Neo platform … maybe we’ll see brand mascots joining Keanu Reeves in “The Matrix.” Maybe some advertisers will want to leave the muggle world behind and visit Platform 9¾ for some synergy with HBO’s upcoming Harry Potter TV series or take a resort trip to one of The White Lotus’s exotic locales. The WBD/HBO world is their oyster.

Publishers Fight CTV Fragmentation

Creative possibilities in the Storyverse aside, the Neo platform looks like WBD’s biggest concession to marketer demands for more control over their CTV campaigns.

The fragmentation problem in CTV is nothing new, and publishers and advertisers have been working through different ways to combat it. As AdMonsters content director Lynne d Johnson aptly put it, “CTV is the problem child of measurement, and everyone’s trying to parent it differently.

CTV fragmentation causes a lot of measurement messiness for marketers. Buyers are juggling logins across a dozen clean rooms and wrestling with disconnected data sets, while creative strategy—arguably the most critical element of a campaign—is tacked on as an afterthought.

Still, WBD and other streaming platforms are working to nurture adolescent CTV tech into a fully functioning adult that’s accountable for its actions.

Developed in partnership with FreeWheel and Magnite, Neo is meant to offer advertisers transparency into what media they’re buying, with real-time insights across every WBD screen and content-level data. Brands can activate their data alongside WBD's first-party audiences for more intelligent targeting and improved ROI.

But stay tuned while we wait and see how effective this solution will be.

Did you like this newsletter? Is there a topic you want me to tackle next time? Feel free to hit me up with your feedback at abyrd@admonsters.com.
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