Now TV launches addressable TV advertising to help improve campaign targeting

HONG KONG SAR –
Media OutReach Newswire – 14 February 2024 – HKT (SEHK: 6823) – Now TV has launched Hong Kong’s first addressable TV advertising service, applying the latest technology to enable more precise campaign targeting for enterprises.

Leveraging the Group’s large customer base, Now TV is able to categorise its users based on first-hand data such as programme preferences, interests, habits, and other authentic information. This allows Now TV to provide a more personalised television viewing experience tailored to different user segments.

The first in Hong Kong, this advertising deployment technology seamlessly integrates personalised commercials across more than 40 linear channels on Now TV spanning news, finance, sports, movies, drama and entertainment. Advertisers have the flexibility to push different ads to specific customer segments based on the target of their advertising campaigns, heightening customer engagement and attention. Among Now TV’s first addressable TV advertising clients are international luxury and automotive brands.

Bruce Lam, CEO, Consumer, HKT, said, “We are thrilled to introduce Hong Kong’s first addressable TV advertising service, revolutionising Hong Kong’s TV commercial landscape. This innovative technology empowers us to precisely target campaigns for enterprises, leveraging our extensive customer base and first-hand data. The initial results of the launch have been satisfactory, and we look forward to further expanding our advertising capabilities to drive even greater revenue growth.”

Derek Choi, Managing Director, Consumer Marketing & Pay TV, HKT, said, “Committed to introducing state-of-the-art services to the market, our new offerings combine the strengths of traditional TV big screen commercials and digital marketing, providing advertisers with the flexibility to deliver targeted commercials to specific customer segments to enhance customer engagement, and, in turn, increase their advertising cost efficiency.”

Similar services have been launched in different regions around the world with remarkable success. A study¹ has shown that addressable TV advertising helps raise viewer attentiveness by 35% and ad engagement by over 20% while reducing channel switching by close to 50%. Over half of surveyed media buyers² said that their organisations are focused on improving the effectiveness of their TV campaign targeting through addressable TV advertising, in response to the ever-evolving media ecosystem and consumer behaviour.

Hashtag: #HKT

The issuer is solely responsible for the content of this announcement.