Latest / Omni Talk Retail / Fast Five Shorts | Amazon To Sell Ad Tech To Other Retailers
Transcript
- 0:00Amazon
- 0:00aims
- 0:01to
- 0:01expand
- 0:01its
- 0:02advertising
- 0:02business
- 0:03by
- 0:03letting
- 0:03retailers
- 0:04use
- 0:04its
- 0:05ad
- 0:05tools
- 0:06in
- 0:06their
- 0:06stores.
- 0:07According
- 0:08to
- 0:08cnbc,
- 0:08Amazon
- 0:09is
- 0:09letting
- 0:09other
- 0:10retailers
- 0:10use
- 0:10its
- 0:11homegrown
- 0:12advertising
- 0:12tools
- 0:13to
- 0:13run
- 0:13sponsored
- 0:14ads
- 0:14across
- 0:15their
- 0:15own
- 0:15websites.
- 0:17The
- 0:17new
- 0:17offering,
- 0:18called
- 0:18Amazon
- 0:19Retail
- 0:19Ad
- 0:19Services,
- 0:20allows
- 0:20companies
- 0:21to
- 0:21show,
- 0:21quote,
- 0:22contextually
- 0:23relevant
- 0:23ads
- 0:23in
- 0:24the
- 0:24right
- 0:24place
- 0:24at
- 0:24the
- 0:25right
- 0:25time,
- 0:25end
- 0:25quote,
- 0:26in
- 0:26search
- 0:26results,
- 0:27product
- 0:27pages
- 0:28and
- 0:28other
- 0:28areas
- 0:29of
- 0:29their
- 0:29site.
- 0:29Amazon
- 0:30said
- 0:31with
- 0:31Amazon
- 0:31Retail
- 0:32Ad
- 0:32Service,
- 0:33users
- 0:34will
- 0:34be
- 0:34able
- 0:34to
- 0:34customize
- 0:35the
- 0:35design,
- 0:36placement
- 0:36and
- 0:36number
- 0:36of
- 0:37ads
- 0:37shown
- 0:37across
- 0:38their
- 0:38sites,
- 0:38as
- 0:39well
- 0:39as
- 0:39use
- 0:39Amazon's
- 0:40ad
- 0:40measurement
- 0:40and
- 0:41reporting
- 0:41tools.
- 0:42The
- 0:42service
- 0:42operates
- 0:43on
- 0:43systems
- 0:43that
- 0:43are
- 0:44separate
- 0:44from
- 0:44its
- 0:44own
- 0:44retail
- 0:45business
- 0:45and
- 0:46retailers
- 0:46manage
- 0:46their
- 0:47data,
- 0:47no
- 0:47surprise
- 0:48via
- 0:49AWS
- 0:50accounts.
- 0:50And
- 0:51what
- 0:51do
- 0:51you
- 0:51think
- 0:51of
- 0:52Amazon's
- 0:52new
- 0:52retail
- 0:53ad
- 0:53service?
- 0:54I
- 0:54think
- 0:55this
- 0:55is
- 0:55a
- 0:56smart
- 0:56pivot
- 0:57for
- 0:57Amazon.
- 0:58I
- 0:59actually
- 0:59really
- 0:59like
- 0:59this
- 1:00and
- 1:00the
- 1:00reason
- 1:01is
- 1:01because
- 1:02we
- 1:02had
- 1:03Robert
- 1:04Joe,
- 1:05will
- 1:05you
- 1:05help
- 1:05me
- 1:05pronounce
- 1:05his
- 1:06last
- 1:06name?
- 1:06Joe?
- 1:06I
- 1:07want
- 1:07to
- 1:07say
- 1:07Joe
- 1:08Jose
- 1:10is
- 1:10the
- 1:10basketball
- 1:11player
- 1:11that
- 1:11I
- 1:11cannot,
- 1:13who's
- 1:13my
- 1:14eternal
- 1:14enemy.
- 1:15Also,
- 1:15side
- 1:16note,
- 1:16my
- 1:16brother
- 1:16texted
- 1:17me
- 1:17last
- 1:17night
- 1:17and
- 1:17said
- 1:17that
- 1:17I,
- 1:18I
- 1:18said
- 1:19Jackson
- 1:19Smith,
- 1:20I
- 1:20said
- 1:20Najiba
- 1:21and
- 1:21it's,
- 1:22I
- 1:22did
- 1:23not
- 1:23pronounce
- 1:23it
- 1:23right.
- 1:24He's
- 1:24like
- 1:24Ann,
- 1:24you've
- 1:25got
- 1:25to
- 1:25get
- 1:25your
- 1:26sports
- 1:26people's
- 1:27names
- 1:27right.
- 1:27You
- 1:28said
- 1:29Jackson
- 1:29Smith
- 1:30and
- 1:30Najiba
- 1:31in
- 1:31the
- 1:31Seattle
- 1:31Seahawks
- 1:32video
- 1:32we
- 1:33did
- 1:33at
- 1:33Lee
- 1:33and
- 1:33Field.
- 1:34I
- 1:34did
- 1:34not
- 1:34pronounce
- 1:35his
- 1:35name
- 1:35right.
- 1:36Thank
- 1:37you
- 1:37for
- 1:37fact
- 1:37checking
- 1:38me
- 1:38a
- 1:38month
- 1:38later
- 1:39and
- 1:39Jokic
- 1:40is
- 1:40the
- 1:40next
- 1:40one
- 1:40that
- 1:41I'm
- 1:41going
- 1:41to
- 1:41get
- 1:41fact
- 1:42checked
- 1:42on.
- 1:42I
- 1:42am
- 1:43certain.
- 1:43But
- 1:44anyway,
- 1:44back
- 1:45back
- 1:45to
- 1:45the
- 1:45Schwartz
- 1:46Group.
- 1:46So
- 1:47we
- 1:47were
- 1:47talking
- 1:47to
- 1:47Robert
- 1:48yesterday
- 1:48and
- 1:48I
- 1:48thought
- 1:48it
- 1:49was
- 1:49so,
- 1:49so,
- 1:50so
- 1:50eye
- 1:51opening
- 1:51for
- 1:51me
- 1:52how
- 1:52he
- 1:52explained
- 1:53retail
- 1:53media
- 1:54networks.
- 1:54I
- 1:54think
- 1:54he's
- 1:55still
- 1:55one
- 1:55of
- 1:55my
- 1:55favorite
- 1:56interviews
- 1:56but
- 1:56the
- 1:57thing
- 1:57that
- 1:57he
- 1:57said
- 1:57is
- 1:58to
- 1:58be
- 1:58successful
- 1:59at
- 1:59retail
- 1:59media
- 2:00you
- 2:00cannot
- 2:01just
- 2:02take
- 2:02your
- 2:03like
- 2:03advertising
- 2:04or
- 2:04media
- 2:04buyers
- 2:05from
- 2:05your
- 2:06retail
- 2:06environment
- 2:07and
- 2:07then
- 2:07make
- 2:08them
- 2:08in
- 2:09charge
- 2:09now
- 2:09of
- 2:09your
- 2:09retail
- 2:10media
- 2:10network,
- 2:10which
- 2:11I
- 2:11think
- 2:11a
- 2:11lot
- 2:11of
- 2:11retailers
- 2:12were
- 2:12doing
- 2:12early
- 2:13on.
- 2:13You
- 2:14have
- 2:14to
- 2:14operate
- 2:15as
- 2:15a
- 2:15retailer
- 2:16and
- 2:16a
- 2:17media
- 2:17company.
- 2:17You
- 2:18are
- 2:18essentially
- 2:19replacing,
- 2:20you
- 2:20know,
- 2:20inline
- 2:21media
- 2:21that
- 2:22these
- 2:22media
- 2:22buyers
- 2:22used
- 2:23to
- 2:23to
- 2:23buy.
- 2:24And
- 2:24not
- 2:24all
- 2:25companies
- 2:25are
- 2:26designed
- 2:26to
- 2:26do
- 2:27this
- 2:27or
- 2:27agile
- 2:28enough.
- 2:28Gets
- 2:28back
- 2:29to
- 2:29what
- 2:29you're
- 2:29talking
- 2:29about
- 2:29Macy's.
- 2:30Like
- 2:30they're
- 2:30just
- 2:30not
- 2:31agile
- 2:31enough
- 2:31to
- 2:32do
- 2:32both
- 2:32of
- 2:32these
- 2:33things.
- 2:33So
- 2:33I
- 2:33think
- 2:34Amazon
- 2:34is
- 2:34providing
- 2:35a
- 2:35solution
- 2:35here
- 2:35that
- 2:36allows
- 2:36retailers
- 2:36like
- 2:37that
- 2:37to
- 2:37get
- 2:38into
- 2:38some
- 2:38of
- 2:38this
- 2:39advertising
- 2:39revenue.
- 2:40No,
- 2:40it
- 2:40is
- 2:40not
- 2:41ideal
- 2:41because
- 2:41yes,
- 2:42you're
- 2:42still
- 2:42working
- 2:42with
- 2:42Amazon
- 2:43and
- 2:43they're
- 2:43getting
- 2:44some
- 2:44of
- 2:44this
- 2:44information
- 2:45even
- 2:45if
- 2:45they
- 2:46say
- 2:46it's
- 2:46a
- 2:46separate
- 2:47business
- 2:47unit.
- 2:47But
- 2:47I,
- 2:48that
- 2:48this
- 2:48is
- 2:49still
- 2:49a
- 2:50good
- 2:50place
- 2:50for
- 2:51people
- 2:51to
- 2:51start
- 2:51to
- 2:52see
- 2:52the
- 2:52value
- 2:53that
- 2:53they
- 2:53can
- 2:53get
- 2:54from
- 2:54advertising
- 2:55like
- 2:56this
- 2:56Amazon,
- 2:57this
- 2:58Amazon
- 2:58ads
- 2:58capability
- 2:59and
- 3:00then
- 3:00figure
- 3:00out
- 3:00like,
- 3:01can
- 3:01we
- 3:01build
- 3:01this
- 3:01on
- 3:02our
- 3:02own?
- 3:02Do
- 3:03we
- 3:03need
- 3:03to
- 3:03find
- 3:03a
- 3:03partner?
- 3:04Do
- 3:04we
- 3:04need
- 3:04to
- 3:04join
- 3:05another
- 3:05network
- 3:05in
- 3:05order
- 3:06to
- 3:06be
- 3:06successful?
- 3:07Because
- 3:07there
- 3:07is
- 3:08revenue,
- 3:09a
- 3:09lot
- 3:09of
- 3:09revenue
- 3:10to
- 3:10be
- 3:10made
- 3:10here
- 3:11if
- 3:11you
- 3:11can
- 3:11do
- 3:11this
- 3:11in
- 3:12the
- 3:12right
- 3:12way.
- 3:12But
- 3:12what
- 3:12do
- 3:13you
- 3:13think
- 3:13about
- 3:13this,
- 3:13Chris?
- 3:14Yeah,
- 3:14I
- 3:14mean
- 3:14your
- 3:15point,
- 3:15your
- 3:15point
- 3:15about
- 3:15retail
- 3:15media
- 3:16is
- 3:16really
- 3:16interesting
- 3:16because
- 3:16going
- 3:17back
- 3:17to
- 3:17the,
- 3:17you
- 3:17know,
- 3:17I
- 3:17think
- 3:18about
- 3:18what
- 3:18A
- 3:18and
- 3:18M
- 3:18said,
- 3:19like
- 3:19drawing
- 3:19the
- 3:19comparison
- 3:19to
- 3:20marketplaces,
- 3:20I
- 3:20feel
- 3:20like
- 3:21the
- 3:21analogy
- 3:21I
- 3:21would
- 3:21use
- 3:22is
- 3:22marketplaces
- 3:23is
- 3:23more
- 3:23akin
- 3:23to
- 3:24a
- 3:24retailer
- 3:24like,
- 3:24you
- 3:25know,
- 3:25say
- 3:25you're
- 3:25a
- 3:25crossfitter
- 3:26and
- 3:26you
- 3:26want
- 3:26to
- 3:26become
- 3:26a
- 3:27marathoner.
- 3:27Like,
- 3:28you
- 3:28know,
- 3:28it's,
- 3:29it's
- 3:29not
- 3:29a
- 3:29bridge
- 3:30to,
- 3:30it's
- 3:30not,
- 3:30it's
- 3:31not
- 3:31that
- 3:31different
- 3:31of
- 3:31a
- 3:32muscle
- 3:32use.
- 3:33But
- 3:33like
- 3:33the
- 3:34idea
- 3:34of
- 3:34standing
- 3:35up
- 3:35a
- 3:35retail
- 3:35media
- 3:36business
- 3:36in
- 3:36a
- 3:36lot
- 3:36of
- 3:36ways
- 3:37for
- 3:37retailers
- 3:37is
- 3:37like,
- 3:38you
- 3:38know,
- 3:38being
- 3:39a
- 3:39marathoner
- 3:39and
- 3:39wanting
- 3:40to
- 3:40become
- 3:40a
- 3:40gymnast.
- 3:41Right.
- 3:41It's
- 3:41just,
- 3:41it's
- 3:41just
- 3:42a
- 3:42whole
- 3:42nother
- 3:42thing
- 3:43that
- 3:43you've
- 3:43got
- 3:43to
- 3:43learn
- 3:43how
- 3:44to
- 3:44do.
- 3:45And
- 3:45so,
- 3:45yeah,
- 3:45I
- 3:46don't
- 3:46have
- 3:46much
- 3:46to
- 3:46add
- 3:46on
- 3:46this
- 3:47story.
- 3:47I
- 3:47mean
- 3:47the
- 3:48thing
- 3:48to
- 3:48me
- 3:48is
- 3:48just
- 3:48going
- 3:49back
- 3:49to
- 3:49what
- 3:49we
- 3:49said
- 3:49in
- 3:49the
- 3:50second
- 3:50headline,
- 3:50the,
- 3:51the
- 3:51flywheel
- 3:52just
- 3:52keeps
- 3:52on
- 3:52spinning.
- 3:53Yeah,
- 3:53I
- 3:53mean
- 3:53this
- 3:53is,
- 3:54this
- 3:54is,
- 3:54this
- 3:54is
- 3:55a,
- 3:56a
- 3:56page
- 3:57from
- 3:57the
- 3:57playbook
- 3:57we've
- 3:57seen
- 3:58a
- 3:58thousand
- 3:58times
- 3:59with
- 3:59Amazon
- 3:59selling
- 4:00its
- 4:00tax
- 4:00so
- 4:01you
- 4:01know,
- 4:01which
- 4:01in
- 4:02turn
- 4:02generates
- 4:02more
- 4:03cloud
- 4:03usage.
- 4:03The
- 4:04flywheel
- 4:04gets
- 4:04going
- 4:05which
- 4:05just
- 4:05keeps
- 4:06making
- 4:06Amazon
- 4:06more
- 4:07and
- 4:07more
- 4:07powerful
- 4:07with
- 4:08every
- 4:08single
- 4:08user.
- 4:09So,
- 4:09so
- 4:09if
- 4:09I
- 4:10was
- 4:10Amazon,
- 4:10I,
- 4:10I
- 4:11mean
- 4:11net
- 4:11net,
- 4:12I,
- 4:12I
- 4:12absolutely
- 4:13100
- 4:13be
- 4:14doing
- 4:14the
- 4:14same
- 4:14thing.
- 4:14And
- 4:14that's
- 4:15all
- 4:15I
- 4:15say.
- 4:16I
- 4:16mean
- 4:17it's
- 4:17a
- 4:17no
- 4:17brainer.
- 4:18Yeah,
- 4:18help
- 4:19out
- 4:19all
- 4:19the
- 4:19online
- 4:19retailers
- 4:20that
- 4:20need
- 4:20to
- 4:20place
- 4:20ads
- 4:21on
- 4:21their
- 4:21site
- 4:21because
- 4:21they
- 4:22want
- 4:22to
- 4:22place
- 4:22ads
- 4:22on
- 4:22their
- 4:22site
- 4:23and
- 4:23they
- 4:23want
- 4:23to
- 4:23do
- 4:23it
- 4:23effectively
- 4:24and
- 4:24they
- 4:24want
- 4:24to
- 4:24get
- 4:24money
- 4:24for
- 4:24it.
- 4:25Yeah,
- 4:25right.