Jamie Rossouw
Jan 20, 2022

Global new business billings soar in November

CAMPAIGN ADVERTISING INTELLIGENCE: WPP billings were sky-high, thanks to high-profile wins like Coca-Cola.

Global new business billings soar in November

Global new-business billings reached a record high in November, which included the largest account win of the year, according to data from Campaign’s Advertising Intelligence tool, in partnership with R3.

With billings reaching $8.5 billion, November has generated the most adspend in 2021, overtaking September’s $7.3 billion by 15%.

The Coca-Cola $4 billion pitch – the largest to date – is no doubt a contributing factor.

WPP was named the brand’s new global marketing network partner and picked up the majority share (90.5%) of the account, with billings of $3.6 billion.

A bespoke unit, called OpenX, will be managing the creative, media, data and marketing technology across Coca-Cola’s entire portfolio of brands – with MediaCom (an agency part of the WPP network) part of the team handling the media side.

The remaining proportion of the account (9.5%), worth $380m, has been allocated to Dentsu to handle the media side in Japan and Korea.

Adspend in November 2021 was 44% higher than in 2020. Data showed a year-on-year increase of $2.6 billion from $5.9 billion.

Media reviews dominated in November with new business contributing to 44% ($3.8 billion*) of the total billings. Creative brought in just $1.1 billion in adspend, which represented 13% of the total billings.

By contrast, in November 2020 creative reviews took the lead, with $3.7 billion, accounting for almost two-thirds (63%) of the total billings for the month. Media billings totalled $2.2 billion (37%).

Alongside Coca-Cola, Google consolidated its media account in November 2021 with WPP’s Essence. The agency already held the majority of its global media account (80%) and picked up an additional two accounts with total billings now worth $1 billion.

Essence won the offline portion of Google’s account from Omnicom Media Group – a $100m global account from OMD and a US account from PHD, also worth $100 million.

However, PHD won the Google Australia account for $4 million.

On the creative side, WPP scored a spot on the roster of a pharmaceuticals and healthcare client in the US for $60m, and independent agency VaynerMedia won Durex’s global account for $50 million.

By holding company, WPP contributed to six of the top 10 wins in November, bringing in the most new business for the month by far, and helping it to secure first place on the table with total adspend of $5.8 billion.

Omnicom followed with billings of $841 million. Dentsu was in third with $380 million.

October's top holding company Publicis Groupe came in at the bottom, with billings of only $228.7 million.

Source:
Campaign UK

Related Articles

Just Published

3 hours ago

PHD Indonesia wins Vivo’s media duties

The OMG media agency unseated the local incumbent and three other challengers to win the pitch.

5 hours ago

Dentsu admits to bid-rigging in Tokyo Olympics; ...

Dentsu joins rivals Hakuhodo and ADK in admission to collusion in the widening Tokyo Olympics bid-rigging and bribery case, but says there is "no factual basis for claims any employees have been arrested."

5 hours ago

Google announces Bard, it's answer to rival ChatGPT

Google is taking on ChatGPT and pre-empting Microsoft's move to integrate ChatGPT into its Bing search engine.

6 hours ago

40 Under 40 2022: Rogier Bikker, MediaMonks

Bikker’s USP lies in pushing creative boundaries to bring fresh ideas to the table that are deeply rooted in local Chinese culture, and always executed at a high level of craft.