Tech And Data Are Turning The Ad Agency Business Upside Down Too [Forbes]
WPP plc American Depositary Shares (WPP)
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Source: Forbes
Tech And Data Are Turning The Ad Agency Business Upside Down Too Getty For all the disruption technology and Big Data have wrought on Hollywood, they've cause perhaps even more transformation in the industry that pays for much of what Hollywood does, advertising. Big brands are dumping long-term relationships with their traditional agencies of record. Big consultants are buying up marketing, creative and digital agencies, most notably recently with Accenture's acquisition of Droga5 in what Ad Age reported was the consulting firm's biggest agency acquisition yet Accenture said in a release that the deal would be seen as " a game-changing milestone," David Droga, the founder of Droga5, said the deal is part of a broader industry trend to push into culture across many distribution platforms and methods beyond splashy traditional ads. Merging the two companies " isn’t a nice-to-have… This is future-proofing." Notably, big Hollywood talent agency WME had owned a 49-percent stake in the 600
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- 4/25/24 - Form 6-K
- 4/5/24 - Form SC
- 4/2/24 - Form 6-K
- WPP's page on the SEC website