Roku Using First-Party Retail Data From Best Buy To Target Ads
Deal follows agreement to sell Roku TV sets at Best Buy stores
Roku announced that it made a deal with Best Buy to use the retailer’s first-party sales data to target ads on its streaming platform.
Roku this week announced That it would be selling its Roku-branded TV sets in Best Buy stores.
“Our goal is to create a better TV experience for everyone,” Julian Mintz, co-head of U.S. brand sales for Roku Media, said. “We’re bringing together our entire business to build the future of entertainment and advertising — making the TV experience simpler, offering the right marketing, data, tech, and scale to drive real results, and helping win the entire streamer’s journey together with Best Buy.”
The move comes as advertisers shift spending to streaming in order to reach the growing number of consumers who have cut the cord with pay TV and to take advantages of the enhanced targeting ability of connected TV.
The deal also marks the first time Best Buy has partnered with a TV streaming platform to provide its first-party data for targeting and closed-loop measurement. ■
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Jon has been business editor of Broadcasting+Cable since 2010. He focuses on revenue-generating activities, including advertising and distribution, as well as executive intrigue and merger and acquisition activity. Just about any story is fair game, if a dollar sign can make its way into the article. Before B+C, Jon covered the industry for TVWeek, Cable World, Electronic Media, Advertising Age and The New York Post. A native New Yorker, Jon is hiding in plain sight in the suburbs of Chicago.