| OnlyPunjab | Law Forums | Links Directory | Fitness Forums |
Our Spicy Blog
World News
Gadget News
Infotech News
Entertainment News
UK News
News Archives
Culture News
ERP News
Science News
Asia News
Business News
Tech News
Webmaster News
Asia News
Hardware News
Security News
Legal News
South Asia
Africa News
Animal News
no load mutual funds
domain names
Onlypunjab Forums
Law Forums

We Have Recently Made Changes to Our Website, If you are unable to find something Specific, Please Search Below

Google
Web onlypunjab.com

Landmark Study Details Marketing ROI in Virtual Worlds
Publish Date : 4/4/2008 5:08:00 AM   Source : American Local News Onlypunjab.com

Millions of Us LLC, an agency specializing in virtual worlds, today announced that it is spearheading an industry-wide group commissioning Forrester Consulting to conduct a study on marketing and engagement measurement in virtual worlds. The agency is collaborating with several leading virtual platform operators to facilitate the study, addressing a broad need to provide advertisers with objective third-party assessments of marketing ROI in this fast-growing new medium. Millions of Us' partners in this endeavor include Sulake, Gaia Interactive, Metaplace, SceneCaster, Doppelganger, Vivaty, and WeeWorld, with others expected to join.

"As we expanded our business to offer clients campaigns in the industry's top virtual worlds, it became increasingly apparent that large advertisers require clarity regarding user demographics and definitions of success," said Reuben Steiger, CEO of Millions of Us. "We've moved beyond the banner and need to work together to create a unified set of practices to quantify the value of engagement."

Companies in the virtual worlds industry have been able to provide advertising clients with sophisticated internal measurements of consumer response to virtual world marketing campaigns. However, with budgets for such campaigns rapidly expanding, such clients need to see standardized, credibly objective ROI assessments in order to justify growing expenditures. As the leading agency specializing in the space, Millions of Us is particularly well-placed to lead the industry in facilitating this study, which will be of ongoing use to the agency's platform partners and clients. The intended audience for this study will include Chief Marketing Officers and brand managers, advertising agencies, media buyers, and journalists covering the marketing and advertising industries.


The study will explore the thesis that the virtual worlds industry is beginning to mature and is no longer in the "experimental" phase of the marketing bell curve, and the need to quantify and measure the quality of "engagement" rather than CPMs (or cost per thousand "impressions").

"Habbo has provided over 200 advertisers and numerous celebrity visitors significant brand exposure in our growing global teen community, and we understand the need to set standards that clearly measure our influence," said Teemu Huuhtanen, executive VP, marketing, ad sales and business development, and president, North America, Sulake Inc, the parent company for Habbo. "Our deeply integrated in-game campaigns are the future of digital media advertising, marketing and promotion to the valuable teen demographic. We design our campaigns so the results are transparent and demonstrate effective ROI. We know what advertisers are looking for and what they qualify as success."

"With more than five million unique users a month, Gaia Online provides advertisers with powerful and innovative branding opportunities through unparalleled reach and engagement with the teen and young adult audience," said Scott Kinzie, vice president, creative and user experience, Gaia Interactive. "As this new marketing medium continues to grow and mature, we recognize the significance of providing a third party standardized framework to measure the power and influence of virtual worlds."

"Virtual worlds provide a completely new and deeply engaging way for brands to interact with consumers. For example, the ads themselves can become content that users interact with," said Lauren Bigelow, GM and SVP of Marketing, WeeWorld, Inc. "Brands and consumers are flocking to virtual worlds so the industry needs to take leadership in developing metrics that reflect the activity taking place. As a leader in the space, we are very excited to partner with Millions of Us on this landmark study."

"We're excited to engage with Forrester Consulting, Millions of Us and other virtual world platforms in this study", said Tim Stevens, CEO of Doppelganger, the creators of the award winning vSide virtual world. "This research effort will provide marketers with valuable new information to gauge the importance of consumer engagement in designing their campaigns."

"Virtual worlds are changing and the market is opening up to mainstream consumers and advertisers at an increasing rate. We're happy to participate in this study which provides much-needed real-world metrics for virtual worlds. Rich content like this will help potential advertisers better understand this market, unlock hidden value, and engage consumers in increasingly more meaningful ways," commented Raph Koster, founder and CEO of Metaplace.

The study is expected to be available to interested clients and media in June 2008.

About Millions of Us LLC
Millions of Us LLC is an agency specializing in virtual worlds and large online communities. The company offers clients the ability to combine the high engagement of virtual worlds with global reach through its partnerships with the world's leading virtual world platforms. Millions of Us also builds worlds from the ground up and creates alternate reality games. Founded in 2006 and based in San Francisco, the agency's clients include 20th Century Fox, Warner Bros., Toyota, Microsoft and Intel. For more information, visit www.millionsofus.com.



More Onlypunjab.com News Stories


US Muslim group protests Modi visit         Publish Date : 2/25/2005 10:04:00 AM  
An American Muslim group has urged the Bush administration not to allow Gujarat Chief Minister Narendra Modi to visit the US because he was allegedly identified ....

US religious coalition protests Modi's visit         Publish Date : 2/25/2005 10:01:00 AM  
A coalition of American and Indian American religious leaders and rights activists has demanded that Gujarat Chief Minister Narendra Modi be stopped from entering the US....

'US contribution to Arab science to regain trust'         Publish Date : 2/24/2005 9:39:00 AM  
The US should offer "matching funds" to oil-rich Arab states prepared to increase investment in building capacity in science and technology, a leading American Arab scientist has said.

Iraq's 'Garden of Eden' reviving         Publish Date : 2/24/2005 9:34:00 AM  
The Mesopotamian marshlands of southern Iraq, believed to be home to the "Garden of Eden", are showing renewed signs of life after serious damage dealt to them ....

Campaign funds from Indian American returned         Publish Date : 1/29/2005 12:45:00 PM  
A US Congressman has announced he is returning some of the campaign money received from an Indian American supporter after reports that the source of the funds could not be authenticated.

Police becoming sensitive to non-Christian faiths         Publish Date : 1/29/2005 10:56:00 AM  
Police here are becoming more sensitive to those who follow non-Christian faiths after a special training on the religious practices of different faiths.

Man arrested for US train collision         Publish Date : 1/28/2005 12:43:00 PM  
A 25-year-old man has been arrested for causing Wednesday's commuter train collision that killed at least 10 people near downtown Los Angeles.

Alive after being declared dead!         Publish Date : 1/28/2005 12:32:00 PM  
A North Carolina man declared dead after he was hit by a car was pronounced alive two hours later when a medical examiner spotted him breathing in a morgue, reports UPI.

Jindal introduces first bill on Hill         Publish Date : 1/28/2005 10:17:00 AM  
US Congressman Bobby Jindal introduced his first bill early in the 109th Congress, keeping a promise he had made to his constituency and signalling that he is already building ....

Bush talks democracy, but doesn't act         Publish Date : 1/27/2005 10:25:00 AM  
US President George W. Bush spoke forcefully from the Capitol steps of a global crusade, though he carefully avoided that incendiary word, to spread liberty around the world.

Total Results : 266  
More News (Opens in New Window) :    [1]   2   3   4   5   6   7   8   9   10   11   12   13   14   15   16   17   18   19   20   21   22   23   24   25   26   27      Next Page


News Archives | Asia News | World News | Gadget News | Entertainment News | Infotech News | UK News | Culture News | ERP News | Science News | Asia News | Business News | Hardware News | Security News | Legal News | South Asia | Africa News | Animal News | Canada News | Europe News | Health News | Middle East | Sports News | Advertising News | America News | Application News | Asia Pacific | Software News | Education News | Networking News | Technology News |
Entertainment News | Add Your Link to Our Directory | Travel News | Fitness News |

Post News About Your Company or Website Services Update on This Website Within 15 Hours
Discuss This Press Release in Forums, Get Views of Others on Story and Post Yours

alcoholism treatment

Canada News

Gadget News

Infotech News

Europe News

Health News

Middle East

Sports News

Advertising News

America News

Application News

Asia Pacific

Software News

Education News

Networking News

Technology News

Entertainment News

Add Your Link to Our Directory

Travel News

Fitness News

Onlypunjab Coop | Latest News | Reprint Articles | meditation techniques |

Copyrighted Material © Onlypunjab.com 1998 - 2007.      Contact Us with Suggestions / DMCA / Complaints / Corrections at Support Desk