The largest Out-of-Home
contract in the world sets the foundation for a ground-breaking, data-driven
partnership spanning 8.5 years
Transport for London
(TfL) announced today that it has selected Exterion Media as its new commercial
Partner for its Rail Advertising contract, offering innovative solutions to
advertisers, maximising revenues and enhancing the customer experience.
“We are hugely excited
to be working in partnership with TfL to create more dynamic opportunities to
connect with the London Audience over the next decade,” explains Shaun Gregory,
CEO, Exterion Media. “Together, we have an extraordinary vision for the London
Rail and Underground estate that will fundamentally change the look and feel of
advertising in the Capital and the way that brands engage with consumers.”
The Partnership will
launch on 1st October 2016 and benefits from significant investment that will
fund the creation of a world-class digital estate, the introduction of new
formats, a suite of premium displays in key stations, and ambiance enhancements
to classic sites.
The contract award is
part of TfL’s commercial development plans to maximise the revenue it generates
from its assets to reinvest in the transport network for the benefit of
Londoners.
The relationship calls
for fundamentally closer ways of working together and changing the way
Out-of-Home is bought and sold – from enhanced data and insights collaboration
to joint selling that will create opportunities to reach London Rail and
Underground passengers above and beyond paid for advertising.
Data and insight is
integral to the strategy. This will enable the shift to an audience-led sell,
and drive better efficiencies and effectiveness for brands.
Consumers will benefit
through more relevant and engaging messages linked to improved targeting based
on data and insight. These ensure the right message is delivered to the right
audience at the right time. Customers will also enjoy an enhanced ambiance with
attractive displays and improved placement, sympathetic to station
environments.
Quotes:
Graeme Craig, Director
of Commercial Development at TfL:
• “We had highly
competitive bids from the leading outdoor advertising companies in the world,
reflecting the quality and value of our estate. We are delighted to be able to
confirm that Exterion Media is our new media partner.
• “We believe this
partnership can be a catalyst for transforming our stations and the wider
industry. The new contract will move away from the traditional concessionary
approach to working together to deliver innovation and value on the best
station network in the greatest city in the world.”
Shaun Gregory, CEO,
Exterion Media:
• “Together, Exterion
Media and Transport for London (TfL) have a bold vision for the London Rail and
Underground estate that will transform the look and feel of advertising in the
Capital, and the way that brands engage with consumers. We look forward to
making this vision a reality using our expansive industry expertise, advanced
data and insights, and our innovative network of partners, all of which has
contributed to making this one of the best monetised, and most valuable
advertising contracts in the world.”
• “This is a ground-breaking new Partnership
that will fundamentally change the way that Out-of-Home is bought and sold,
unlock more dynamic opportunities to connect with the London Audience and
enhance the customer experience. We will create a world-class digital estate,
introduce new formats, a suite of premium displays in key stations, and
enhancements to classic sites – all of which will lead to better consumer
engagement for brands. We’ve invested significantly to make all of the above a
reality from the start of the new concession, and we’re ready to go.”
