Marketing mix modelling has given advertisers direct visibility over how media spend impacts business outcomes, so does it have a bigger role to play at the negotiating table? Mutinex's recently joined APAC chief Mat Baxter suggests as much but buyers aren't sold on the pitch. For now, they say that while MMM has a big role to play in the media planning process, audience is the best currency available to trade on. And for IPG Mediabrand's Mark Coad, too much emphasis on the outcomes could see advertisers and agencies paying more if media owners know how effective their inventory is for certain clients. Meanwhile, Baxter poses that the annual rate and marketshare deals struck by media buying groups with media on behalf of their pooled advertiser budgets up to a year out could be stifling MMM by preventing advertisers from shifting budgets based on channel performance. Still, UM's Anathea Ruys says it's not so binary. She argues that the deals "unlock so much more than price", and that there are "ways of being flexible" if ROI isn't up to scratch.
Kalila Welch is a journalist based in Australia, focusing on national news and media. She writes for Mumbrella and her work has also appeared in media.info. Kalila covers a wide range of topics including influencer marketing, diversity in advertising, and cultural events.