BuzzInContent Awards 2021 Winners Announced

Best Media Info

Editor’s Picks

Now, specialist outdoor advertising agencies also part of IOAA

Specialist agencies will now elect their representatives on the IOAA Board, which will give equal weightage to both media and agency businesses

BestMediaInfo Bureau | Delhi | April 16, 2015

IOAA-LogoIn their recent board meeting, the Indian Outdoor Advertising Association (IOAA) decided to accept specialist OOH media agencies as their members, on par with OOH media companies. Specialist agencies will now elect their representatives on the Board of Governors of IOAA, which will give equal weightage to both media and agency businesses.

In order to be truly representative of the entire industry, IOAA is now also keen to induct at least two representatives from amongst advertisers in the medium to their Board. When this is completed, the industry body will truly reflect interests of all stakeholders – media, agency and clients.

This has special significance in the industry’s attempts to implement a ‘Standard Operating Process’ (SOP) that defines uniform practices across the country. The SOP provides for 10 days as minimum display period for all OOH displays, barring specific event and exhibition promotions and film launches. It also provides for a strict credit period of 80 days and issue of purchase orders before any campaign is displayed. There are other norms too for ensuring due performance by both media and agencies and maximum benefits to clients.

The IOAA already operates a Credit Control Council, which helps ensure timely payment and even arbitrates in cases of disputes. Cases of non-compliance and payment defaults lead to concerned party being placed on embargo. This has already seen clearance of payments in excess of Rs 2 crore, which were stuck over a year, besides more than Rs 7.6 crore in process.

The industry has also now decided to proceed with a project to develop performance and planning metrics for outdoor advertising on similar lines as BARC. It has been decided to form a joint industry body immediately to undertake the project and own the data generated.

The industry has also identified a principal consultant for the project, which is to be executed as per global guidelines for out-of-home advertising research established by European Society for Opinion and Marketing Research (ESOMAR), the world standard for media research. IOAA also informed that they are in discussions with various advertiser bodies to participate in the joint industry body. The exact structure and financial model is being finalised. The project will be launched through announcement of a global RFP as soon as the joint industry body is registered as a not-for-profit company.

Post a Comment