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IAB UK lifts advisory against trading on viewable impressions for display advertising

London Tuesday 15th April 2014: The Internet Advertising Bureau (IAB) UK has today lifted its advisory on viewable impressions for the display advertising market. The standards give a green light to the industry for those wishing to trade against viewability to begin trading on the new metric for the first time. The IAB has released a set of UK Viewable Impressions standards to offer guidance and greater accountability for advertisers. These mirror guidelines released in the US at the beginning of April, following extensive collaboration between IAB UK and IAB US to agree common transatlantic standards, ensuring consistency across both markets. IAB Europe is leading discussions and analysis across Europe evaluating brand advertising metrics and viewable impressions within its Brand Advertising Initiative as well as establishing priorities for measurement within the IAB Europe Brand Advertising Framework*. The standards state that 50 per cent of pixels must be in the viewable portion of an internet browser for a minimum of one continuous second to qualify as a viewable display impression for a standard display ad. For Rising Stars/large canvas ad formats (at or in excess of 242,500 pixels, equivalent to the size of a 970 x 250 pixel display ad), given their substantial size, the guidelines state that 30 per cent of pixels must be in the view for a minimum of one continuous second to qualify as viewable. Standards, for video, mobile and tablet have not yet been determined, but are expected later in 2014 and beyond respectively. The viewable impression standards have been released to enable the entire marketplace, agencies, advertisers and publishers to benefit from improved quality, accountability and effectiveness of digital advertising. The standards, which could effectively be the start of a new trading currency for those wishing to implement them, will require a settling in period but they will deliver significant benefits for marketers and publishers. Harnessing the unique strength of online, brand advertisers will enjoy greater accountability, whilst allowing publishers to maximise the value of their inventory. An accreditation framework for viewability vendors operating in the UK was approved by the Joint Industry Committee for Web Standards (JICWEBS) in January 2014, and the first vendors are currently undertaking verification, with the first batch of approvals expected in the summer. To date, eleven vendors have already been approved by the Media Ratings Council (MRC) in the US. Discrepancies between different measurement providers are inevitable; however extensive work is underway to address the issue to provide greater transparency and guidance to the market. IAB’s Director of Data and Industry Programmes, Steve Chester said: Today’s announcement heralds a new era in delivery measurement for the advertising industry. Moving to viewable impressions offers the valuable prospect of guaranteed impacts for advertisers, who in 2013 spent £1.9bn on digital display. As with any major change, a bedding-in period will be required to fully implement and take advantage of the benefits such as increased brand effectiveness of online, and address challenges such as discrepancies between viewability vendors. IPA’s Consultant Head of Media & Emerging Tech, Nigel Gwilliam said: “We support the option of trading on viewable impressions where the buyer considers it appropriate. However, cross industry efforts will and must continue to address discrepancies between the results of different viewability service vendors.” ISBA’s Marketing Services Manager, David Ellison said: “Advertisers shouldn’t have to pay for ads that aren’t seen. The viewable impressions standards will go some way to answer ISBA members’ demand for a move away from ‘served’ ad impressions to ‘viewable’ ones. Ultimately we want online ads to be comparable to other media that offer the ‘opportunity to see’ as the basis of an ad measurement currency.” AOP’s Managing Director, Tim Cain said: “We see the importance of a standard for viewable impressions acting as a benchmark and enabling viewability to be considered as a metric, we would suggest however that discrepancies between vendors in the measurement of viewability is a challenging issue that needs to be resolved to enable discussions around trading on viewable impressions to progress.” For more information contact: Harriet Gale, Communications Manager, IAB UK, 020 7050 6957 About Viewable Impressions Cross-Industry Working Group 
The Viewable Impressions Cross-Industry Working formed by the IAB in 2013 comprises representatives across the online advertising industry including Internet Advertising Bureau (IAB), Association of Online Publishers (AOP), Incorporated Society for British Advertisers (ISBA), Institute of Practitioners in Advertising (IPA), Google, Microsoft, Yahoo, AOL, Telegraph, FT, News UK, TripAdvisor, Bauer, Dennis, Quantcast, InSkin Media, Meetrics, Sizmek, Integral Ad Science, comScore, Nielsen, Alenty, agenda21 and the7stars About the Internet Advertising Bureau UK The Internet Advertising Bureau (IAB) is the UK trade association for digital advertising, representing most of the UK’s leading brands, media owners and agencies. Given the rapidly evolving nature of the digital landscape, the IAB works to ensure that marketers can maximise the potential of digital media and mobile devices, helping members engage their customers and build great brands. By disseminating knowledge and fostering dialogue through research, policy guidance, training and events, the IAB aims to be every marketer’s authoritative and objective source for best practices in internet advertising. To access the IAB’s current research, policy briefings, training opportunities and events schedule, please visit www.iabuk.net About JICWEBS JICWEBS is the UK’s Joint Industry Committee for Web Standards and is made up of the following trade bodies: Association of Online Publishers (AOP), Internet Advertising Bureau (IAB), Newspaper Society, Newspapers Publishers Association, ISBA – the voice of advertisers and the Institute of Practitioners in Advertising (IPA). www.jicwebs.org/