November 16, 2023
OpenX Announces TV by OpenX, the Programmatic Industry’s First Initiative to Unlock the Full Potential of Biddable CTV
OpenX will improve trust and transparency in the CTV market by removing all resellers and eliminating all non-TV content from its CTV inventory.
PASADENA, Calif., November 16, 2023 – OpenX Technologies, Inc., one of the world’s leading omnichannel supply-side platforms, today announced the launch of TV by OpenX, an ongoing initiative to unlock the full potential of CTV by combining the most powerful aspects of linear and programmatic buying models.
In the current CTV landscape, buyers aren’t able to efficiently buy in biddable media environments due to an over-indexing of intermediaries. Additionally, brands and agencies often pay CTV CPMs without having full transparency into what they’re buying. When non-TV content is categorized as CTV, publishers’ premium content is devalued and buyers cannot lean into their KPIs with confidence.
In this first phase of TV by OpenX, effective today, OpenX will eliminate all resellers from its CTV inventory pool, ensuring that buyers have more working media and reduced invalid traffic. This move also ensures that publishers get their fair cut of transactions to power the development of high-quality content for consumers.
Additionally, OpenX will today remove all non-TV content, including fireplace apps, gaming, UGC, OTT, and mobile, from its CTV inventory. While OpenX will continue to monetize these types of inventory as online video rather than CTV, this phase of TV by OpenX properly classifies content, providing more premium advertising experiences, a clear value for inventory, and more accurate measurement.
This first step in the TV by OpenX mission to transform programmatic CTV into a high-quality marketing opportunity allows publishers to confidently place their premium inventory into biddable environments while giving brands and agencies full transparency into what they’re buying. With these innovations, TV by OpenX delivers a fair and transparent value exchange between publishers, agencies, and DSPs.
“CTV is a powerful channel for marketers to reach and engage with their audiences,” said Adam Roodman, SVP of product strategy and management at Yahoo. ”As this happens, solutions that prioritize control and transparency will enable buyers to lean into their KPIs in biddable CTV environments, helping them further realize the full promise of programmatic CTV.”
“As more marketers choose CTV for incremental reach over linear, there’s tremendous value for the ecosystem in scaling reach beyond direct buys,” said Ashwin Navin, co-founder and CEO at Samba TV. “Solutions that provide trust and transparency empower data providers to scale audiences in CTV and digital while increasing confidence in biddable environments and optimizing working media.”
Through TV by OpenX, buyers unlock direct premium publisher integrations across more than 110 million measurable “glass-on-wall” devices. This access to direct-sourced inventory improves transparency and control, while log-level data delivers visibility into impressions.
Further, this initial phase of TV by OpenX protects consumers’ interests by ensuring they’re getting the premium content they signed up for because premium publishers are able to secure an appropriate price for their inventory and invest resources back into creating premium content.
“The long-term growth of biddable TV advertising requires buyers and sellers to have confidence in marketplace integrity,” said Chris Kane, founder of Jounce Media. “TV by OpenX creates these conditions, ensuring media buyers get the quality they expect from their TV investments and ensuring media owners, not supply chain intermediaries, are the beneficiary of those investments.”
“I’ve spent the majority of my career in TV, and ensuring that CTV doesn’t repeat the same cycles as digital is imperative to the success of programmatic TV,” said Geoff Wolinetz, SVP of publisher and demand platforms at OpenX. ”As we embark on creating the future of CTV, we have the opportunity to make programmatic TV more efficient and effective by ensuring content is fit for purpose, accessed directly, and demand and supply partners have transparency across the value chain. This will positively impact buyer confidence, enabling them to implement key strategies such as incremental reach.”
