OpenRTB, a consortium of mobile advertising platforms, announced today the launch of OpenRTB Mobile, a committee dedicated to increasing the adoption of real-time bidding (RTB) standards in mobile advertising. OpenRTB Mobile’s membership includes Sell-Side Platforms (SSPs) Nexage, PubMatic, and Smaato; Demand-Side Platforms (DSPs) DataXu, Fluent Mobile, and [x+1]; and ad network Jumptap. The group’s stated mission is to establish guidelines to enable technology platforms to create standard real-time bidding APIs with basic commonalities that increase speed of adoption and ease interaction between platforms.
“Our goal is to dramatically accelerate the adoption of RTB in mobile,” said Jim Butler, CTO & VP of Engineering of Nexage. “We believe that by striking first at the core supply and demand interfaces, we will eliminate substantial friction in the marketplace, while maintaining an atmosphere in which healthy competition and differentiation can thrive.”
OpenRTB Mobile’s first project is to set standards for the actual real-time bidding protocol, the primary dialog between a supply source (SSP or exchange) and demand platforms (DSPs or bidders).“Industry analysts report that mobile advertising will top $1 billion in 2011,” said Bill Simmons, OpenRTB Consortium Founder and DataXu CTO. “Creating an open bidding interface between inventory suppliers and bidders will drive strong growth and drive greater innovation, cooperation and profitability for the entire ecosystem. We estimate a free and open standard will accelerate adoption of real-time bidding auctions by at least a year.”
Future OpenRTB Mobile projects will address the handling of rich media reliable click tracking, and mobile focused mobile best practices.
-
As AI spreads across the marketing landscape, data’s role will be key to success or danger
There’s a growing awareness of the risks inherent in AI's ultra-powerful potential, but whether enough steps are being taken to mitigate them remains a huge question mark.
-
Spotify cancels six true crime podcasts amid layoffs, Gimlet-Parcast merger
Spotify is canceling six shows and laying off 200 people as it merges its Gimlet and Parcast units to push its podcast business towards profitability.
-
‘Not the future’: European publishers remain steadfast in blocking alternative IDs to third-party cookies
Some European publishers believe alternatives to the third-party cookies, probabilistic or deterministic, will do more harm than good to their ads businesses.
-
SponsoredWhat the measurement and currency discussion really means to TV advertisers
Ali Mack, head of TV and agency, Experian Major streaming video providers have recently made headlines by adopting new currencies for ad measurement, threatening Nielsen’s long-standing TV ratings monopoly. NBCUniversal, for example, has certified iSpot and VideoAmp as currencies for advanced audiences and formed the Joint Industry Committee with Paramount, TelevisaUnivision and Warner Bros. Discovery. […]
-
Media Briefing: Why Leaf Group spun off its media arm into a standalone company
World of Good's newly appointed CEO Lindsey Abramo spoke with Digiday about her plans to lean into experiential and embrace niche vs. scale.
-
Dentsu’s latest ad report shows slowed growth, driven mostly by inflation
The good news in Dentsu's ad forecast is that there's still growth. The bad news: most of the growth is the result of inflation, while real ad pricing actually dropped a bit.
