Adstream And The TEAM Companies Expand Relationship

NEW YORK, Feb. 9, 2018 /PRNewswire/ -- Global digital asset management and advertising delivery tech company Adstream, and talent and rights management firm The TEAM Companies (TTC), have expanded their existing collaboration to form a comprehensive strategic partnership.  Together, the two companies will provide end-to-end advertising services that will enable brands, agencies and production teams to manage talent use, rights, and content delivery through a single process.  

The partnership will benefit both parties: The TEAM companies, which specializes in payroll for crew and talent as well as business affairs and rights management, can leverage Adstream's asset management, storage and delivery services. Simultaneously, Adstream will be able to offer U.S.-based talent and crew services to production teams and existing global clients including McCann, P&G, and Mastercard. 

Addressing the redundancies in the advertising creative supply chain, Adstream and TTC are utilizing their expertise to build on the momentum of the Ad Consortium, an organization formed to establish best practices in the payment, tracking and distribution of talent and licensed elements across advertising assets, of which they are both members.

"Brands and their creative agencies demand more transparency a better, more streamlined experience when it comes to paying talent and tracking talent and licensed content use," stated Greg Smith, COO of TTC. "Expanding our relationship will enable us to provide a best-in-class solution, provide EOR services to all our partners in the consortium, which ultimately is better for clients."  "We know in the market, brands are being impacted by millions of dollars due to overusing assets with expired talent usage rights," stated Geoff Hoffman, CEO of Adstream, North America. "From a technology perspective, we know we can alleviate this issue and make our clients' lives easier, especially as they expand the channels they are delivering content to, to ensure all elements are being used in a contractually appropriate way." 

Recent litigation has brought this issue to the forefront of the advertising world.  In 2017, a number of high-profile cases were filed against brands and their creative partners by talent and intellectual property owners over the use of their likeness or IP without permission.  In one such case, two football players from Ohio State University sued their alma mater for using their likenesses "without their permission and without compensation" in promotional marketing collateral distributed after the contract expiration date.

TTC will integrate essential talent and licensed element rights data and support documentation into the asset management and ad delivery services of Adstream, and vice-versa. 

"Our goal has always been to provide transparency and streamline what can be a complicated and fragmented process," stated Hoffman, "Our customers – both brands and agencies – want everything managed in one place, and this partnership is big a step toward that solution. Brands and agencies will know right away what content is valid and what has expired right in our platform."  

The two companies share clients ranging from Fortune 100 advertisers and global ad agencies to production and post-production companies. This strategic relationship addresses needs on both the creative and operational sides of the business. With the shift toward total ad process integration and complete ad campaign management in a centralized location, users of both companies will benefit from increased visibility at all steps of the creative content creation process. 

About Adstream
Originating in Australia in 2001, Adstream is the world's leading advertising content management and cross-media distribution provider. With more than 500 employees in 41 offices across 35 countries, Adstream serves over 70% of the world's leading global brands and agencies with customized digital asset management (DAM), ad delivery, and workflow solutions. Adstream's cloud-based software products enable more than 5,500 brands, agencies and companies of all sizes to view the entire advertising process, end-to-end, in one platform. From talent and production to creative and distribution, teams can engage in the ad management, approvals and delivery process from anywhere in the world. The Adstream ad delivery network is the largest of its kind, extending to over 55,000 media destinations in more than 140 countries.

About TEAM:
Founded in 1992, The TEAM Companies has an unmatched reputation and strong foundation in employer of record (EOR) payroll for the advertising & entertainment industries. Their service offerings have expanded to fully support the business behind the conception, production, and distribution of advertising and entertainment projects ranging from broadcast television commercials and fashion photography to music recording and global concert tours.

Media Contact
Morgan Martins
m: +1 (917) 692 6037
e-mail: [email protected]

SOURCE Adstream

Related Links

https://www.adstream.com