Myspace owner launches competitor to Facebook's Atlas

Interactive Media Holdings, owner of Myspace, is to rebrand as Viant as it launches a new digital ad product, Viant Advertising Cloud.

Justin Timberlake: Myspace joint owner
Justin Timberlake: Myspace joint owner

Viant Advertising Cloud has some similarities to Facebook's Atlas. It attaches ad codes to users of Myspace to track user behaviour from ads down to purchase.

The Vanderhook brothers, the chief executive (Tim) and chief operating officer (Chris) of Specific Media, who bought Myspace jointly with Justin Timberlake for $35 million in 2010, have managed the rebrand.

The newly rebranded parent company Viant, also owned by the Vanderhooks, hopes the growth of Myspace will help their new ad product to become a serious competitor to Facebook's Atlas and Google's ad offering.

In addition to Myspace and Specific, Viant also owns Xumo and Vindicio.

Myspace had around 50.6 million unique monthly users in November 2014, a 575 per cent increase on the same month in 2013, according to Viant.

Tim Vanderhook said the new ad product has been in beta-testing since May 2014, and has tracked some $5 billion (£3.3 billion) in purchases.

He said: "Customers utilising the Advertising Cloud are seeing a 10 to 20 times increase in their return on advertising spend when compared to other digital advertising point solutions they had previously been utilising.

"This establishes a new benchmark as optimising to ecommerce alone falls far short given 94 per cent of retail transactions occur in store."

A UK-based service launches later this year.

Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Share

1 Martin Freeman fronts Vodafone UK's first integrated ad campaign by Ogilvy

The Hobbit and Sherlock star Martin Freeman plays a rude wedding guest in Vodafone's first integrated ad campaign since the telecoms giant moved its UK ad business to Ogilvy & Mather earlier this year.

Case study: How 'This girl can' got 1.6 million women exercising
Shares0
Share

1 Case study: How 'This girl can' got 1.6 million women exercising

"This girl can" was based on a powerful insight: that the fear of judgement by others is the primary barrier holding women back from participating in sport.

Just published

More