WTF are JBPs?
During the halcyon days of the 2010s, business growth rates in the online ad industry were buoyant, as advertisers clamored for ‘media-firsts,’ and VC-backed tech firms competed at a breakneck pace in an industry land grab.
However, during the subsequent decade, a more somber atmosphere prevailed as the industry matured, despite the overall industry registering double-digit growth, with the sector surpassing $309 billion (15% growth) for the first time.
While these numbers appear healthy, eMarketer researchers also note how the industry’s annual growth rates consistently averaged more than 20% in the decade prior. Hence, a plateau is starting to emerge, and the sector is taking a Darwinistic hue. It is in this climate that ‘Joint Business Plans,’ a.k.a. ‘joint business partnerships’ or JBPs, are an increasingly common tactic to remain on clients’ media plans.
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Source:: Digiday
