Posts Tagged ‘pubicis groupe’
I was shocked today to get pointed to a post on the Hootsuite blog by friend Kami Huyse. The post “What is the most sought-after selfie?” looked at recent famous selfies. What galled me was this paragraph:
2014 was the year of the first billion-dollar selfie. During the 2014 Oscars, Ellen DeGeneres snapped a group selfie, rumored to be sponsored by Samsung, with the likes of Brad Pitt, Angelina Jolie, Bradley Cooper, Julia Roberts and Meryl Streep. She then uploaded the photo to her Twitter account and ended up getting millions of retweets from people around the globe. Maurice Levy, CEO of advertising firm Publicis, said that the Oscar selfie was worth between $800 million to $1 billion to its client Samsung.
I immediately shared some inappropriate words, then I left a comment on the post. But apparently I still have more to say.
Lévy is the CEO of a gigantic conglomerate of agencies lumped together as Publicis Groupe, and he was doing a talk at the MIPTV summit in April, just after the Academy Awards. Here’s the crucial quote:
The quote: “The earned media — all the buzz which had been done around the Oscars — represents roughly a value between $800 million and a billion US dollars, because it has been mentioned all around the world, and the Samsung phone has been either mentioned or seen.”
M. Lévy has, no doubt, achieved great things. His group of companies generated $2.3 billion in revenue (US dollars) in the first quarter of 2014. Compared to me, he’s a top predator, and I’m an amoeba. So I am shocked to see a man of his stature, in his position, use a metric that has been so thoroughly discredited — Advertising Value Equivalency, or AVE.
AVEs have been around for a long time. And despite the efforts of many professional groups and individuals, they remain. Why are they problematic? I can’t state the reasons much better than this 2003 paper from the Institute for Pubic Relations. I’ll turn the paper’s objections into bullet points for brevity:
- There’s no factual basis for assuming that an “editorial” mention is equivalent to an advertisement
- The credibility of media varies from one topic and one outlet to the other. So using one “multiplier” is impossible
- AVEs only measure what APPEARS, while PR folk often work to minimize coverage or not see something appear at all. This is not measurable by AVE
- Advertisements depend on repetitive mentions to build awareness. “Earned media” cannot do the same
- Not everything is relatable to advertising. If there are no ads on the front page of a magazine, what’s the value of a cover mention?
- If a story tangentially mentions a brand or an organization, does the equivalency relate to the entire story or the portion of the story mentioning the specific brand?
In 2010, a coalition of leading communication organizations agreed upon what came to be known as the “Barcelona Principles.” Principle number five of the seven principles states: “AVEs are not the value of public relations.” Yet, according to PR News earlier this spring, the principles are not being adopted as quickly as might have been expected. Or hoped. And when you have people in the position of Maurice Lévy using these discredited and disavowed numbers, while it remains disappointing, it becomes less surprising.
The lesson for us here? I could simply and flippantly say “Don’t follow leaders.” But there’s a slightly deeper lesson here. Even if you’re working with a “top agency”, even if you’re hiring “the best” — you owe it to yourself and your business to be ready to call BS on what they tell you. Don’t simply assume they know best, that their advice should be taken. If you can’t understand the strategy, or the method of evaluation; if you can’t relate the tactics to your business goals: speak up. Ask for better.
And if you’re a communicator — find a way to help push our industry out of the bad habits that we’ve developed. We can do better. And we know how.