Until recently advertising company Jun Group focused on video. In recent months, however, it’s been exploring a format that it calls “owned advertising” with a new product called Overdrive.
CEO Mitchell Reichgut told me that Jun Group actually “soft launched” Overdrive back in June, and it already accounts for more than 30 percent of the company’s revenue.
Overdrive is basically an ad format that looks like sponsored content on the publisher’s website, but actually points to a promotional website or micro-website owned by the advertiser. You can see an example here, where the ad appears in a site’s news feed, and when you click on it, it links to a Starbucks page. Reichgut said the sponsored content shouldn’t just the usual promotional copy, but something that’s actually interesting and worthwhile for consumers.
Is “owned advertising”, as Reichgut characterizes it, really a new idea? Well, the term itself isn’t entirely new, and in appearance, the Overdrive ads resemble what are sometimes native ads or content-style ads. (I think trying to pry apart each of those terms with strict definitions would be futile).
For his part, Reichgut said that compared to...