ASX-listed QSR brand group, Retail Food Group, has proposed a change of company name to Savora Brands to reflect a new gold standard in its franchise and consumer approach. The new brand proposition comes 18 months after the business settled with the ACCC over breaches of both the Australian Consumer Law and Franchising Code of Conduct.
Author: admin
Baby Bunting reports significant decline in profit amid strategic shifts
Baby Bunting Group Limited has reported a significant decline in profitability for the year ending June 30, 2024. The company’s statutory net profit after tax (NPAT) was $1.7 million, down 82.8% from the previous fiscal year’s $9.9 million.
Burnout hits 70% of media, marketing and creative professionals, reveals 2024 Mentally Healthy Survey
Seven in 10 professionals across the media, marketing and creative sectors reported experiencing burnout in the past 12 months, the 2024 Mentally Healthy Survey has revealed.
Peace and synthetics: YouTube finally joins BVOD in IAB-Ipsos connected TV currency, thanks to 500,000 synthetic viewers
Artificially constructed Australian YouTube viewers, known as synthetic audiences, have provided the breakthrough for YouTube to finally subject itself to an independent research currency, joining OzTAM’s VPM data for BVOD in the digital audience currency run by the IAB and Ipsos. Although still based on log level data supplied by YouTube across its self-selected top 100 viewed channels, Australia is the first market outside the US where the video giant is muscling up against broadcaster digital audiences and potentially other streaming services for a single view on connected TV viewing. Ipsos also flagged its interest in cross-media measurement, a long-held ambition of advertisers globally who see efficiency gains by eradicating duplicated reach and frequency of audiences across different publishers and channels. Emerging measurement players like Adgile and Beatgrid are gaining momentum here via their cross-media measurement capabilities – Beatgrid, for instance, has been working with the likes of UM and Kmart and Virgin and PHD to develop custom cross-media measurement reporting with a methodology that captures viewing data on the walled gardens and platforms independent of their self-reported figures.
Privacy, baby pics and deepfake avoidance: Why an ASX-listed photo sharing app got James Warburton’s attention – Tinybeans CEO on subscriber, brand-performance and revenue rethink
ASX-listed privacy-focused baby pic sharing app Tinybeans spent years languishing under $0.08 a share. But it got a kick last month when James Warburton joined as a NED. The former Seven chief’s arrival was followed by Fatherly’s US-based co-founder and investor, Mike Rothman. The two “operators” are seen as category-connected muscle that’ll help the app find a viable way forward to profitability. But it must get marketing, product, team, strategy and operational efficiencies right – and avoid falling into the trap of relying on ad revenue. No small feat. But a year into the gig CEO Zsofi Paterson has made some major calls on business model, strategy and flipped performance for brand investment while replacing the sales team wholesale and bringing on micro – or tiny – influencers. Paterson, Warburton and Rothman see growing pain relief ahead.
Sir Martin Sorrell: UM’s ex-privacy boss Arielle Garcia ‘is right’ (partly) on $700bn online data ‘garbage’; Personalisation Netflix-style the future; AI, big tech will crunch intermediaries in three years and why regulators won’t tame them
Part Two: After last week’s instalment with S4 Capital’s founder and former WPP boss, Sir Martin Sorrell – in which he explained why the market cap of his next generation marketing services firm had plummeted from £5 billion to £300 million in the past three years – he’s back for part two. We cover the consolidation of the $700 billion global digital ad market down to a handful of global tech media players. Is that dangerous for brands and the broader marketing supply chain? Maybe, but Sir Martin thinks they’re only going to get bigger. Plus, we go deeper into AI and mass personalisation – Netflix style – along with the dodgy, inaccurate, but thriving online user data trade that was revealed a month or so ago by UM’s former chief privacy officer, Arielle Garcia (which is now Mi3’s top podcast and story so far this year). For the record, Sorrell agrees with Garcia: “Garbage in, garbage out … There are some murky parts of the market, but that’s our role to expose that, not to be a part of it.” Either way, he thinks the platforms will only get closer to marketers at the expense of intermediaries – and there is little agencies can do to stop it. Plus, he says OpenAI chief Sam Altman, who reckons AI will displace 95 per cent of advertising jobs, is “directionally right”. The timeframe? “Three years,” per Sorrell. “It’s going to be uncomfortable.” Conversely, Sorrell says the big platforms won’t be shrinking any time soon. On a GDP basis, “these are countries, they are not companies anymore.” He thinks that means regulation, unless co-ordinated globally, is ultimately powerless.
Bernard Salt: Don’t expect Australia’s high earning millennials to return to the office; they’ll ‘die before they submit to going back to the way things were’
Chris Minns might be trying to get NSW public sector workers to return to the office, but don’t expect millennials who’ve migrated in droves to Australia’s regional areas for their forever homes to comply, says Bernard Salt. Even as unemployment figures inch up, and the cost-of-living crisis and softer economic climate give employers more power in the employer-to-employee dynamic, business, social and market commentator and speaker says millennials will “die before they submit to going back to the way things were”. During an exclusive interview with Mi3 off the back of Boomtown’s recent Sydney breakfast discussing the surprising spending power of Australia’s 9.8m regional consumers, Salt shared his insights – and a bunch of census and market data – on the high-income, lifestyle loving, remote working regional resident of 2024 and the opportunity they represent brands.
Petbarn launches Puppy and Kitten Club, backed by heartwarming campaign from Howatson+Company
Petbarn, a leading pet supply retailer, has announced the launch of its new Puppy and Kitten Club, a free-to-join initiative offering resources for pet parents during the first year of their pet’s life. The launch is supported by a comprehensive campaign created by the award-winning creative agency, Howatson+Company.
Sir Martin Sorrell: UM’s ex-privacy boss Arielle Garcia ‘is right’ (partly) on $700bn online data ‘garbage’; Personalisation Netflix-style the future; AI, big tech will crunch intermediaries in three years and why regulators won’t tame them
Part Two: After last week’s instalment with S4 Capital’s founder and former WPP boss, Sir Martin Sorrell – in which he explained why the market cap of his next generation marketing services firm had plummeted from £5 billion to £300 million in the past three years – he’s back for part two. We cover the consolidation of the $700 billion global digital ad market down to a handful of global tech media players. Is that dangerous for brands and the broader marketing supply chain? Maybe, but Sir Martin thinks they’re only going to get bigger. Plus, we go deeper into AI and mass personalisation – Netflix style – along with the dodgy, inaccurate, but thriving online user data trade that was revealed a month or so ago by UM’s former chief privacy officer, Arielle Garcia (which is now Mi3’s top podcast and story so far this year). For the record, Sorrell agrees with Garcia: “Garbage in, garbage out … There are some murky parts of the market, but that’s our role to expose that, not to be a part of it.” Either way, he thinks the platforms will only get closer to marketers at the expense of intermediaries – and there is little agencies can do to stop it. Plus, he says OpenAI chief Sam Altman, who reckons AI will displace 95 per cent of advertising jobs, is “directionally right”. The timeframe? “Three years,” per Sorrell. “It’s going to be uncomfortable.” Conversely, Sorrell says the big platforms won’t be shrinking any time soon. On a GDP basis, “these are countries, they are not companies anymore.” He thinks that means regulation, unless co-ordinated globally, is ultimately powerless.
Tertiary education ad spend soars as Australians seek higher learning, says Nielsen
Nielsen has released its latest Ad Intel and Consumer and Media View (CMV) data, revealing a significant uptick in the number of Australians seeking higher education and the amount institutions are spending to attract them. The data paints a picture of a tertiary education sector in Australia that is increasingly competitive and diverse.