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Content delivered via the internet to smart TVs or devices like Roku and Apple TV. This makes up roughly 75% of all CTV transactions today.

Historically, TV ad buying was a manual "spray-and-pray" process involving phone calls with network sales reps to secure 30-second spots for broad demographics like "females under 35". Programmatic buying replaces these negotiations with software and algorithms that decide in milliseconds which households see which ad, at what price. How the "Deep Story" of Programmatic TV Works

The highest bidder wins, and the ad is served instantly to that household's screen. The Core Environments

Automated buying applied to traditional broadcast and cable schedules using set-top box data to insert relevant ads into live feeds.