WPP leads latest Recma report

SINGAPORE - WPP cemented its top position in Asia Pacific's media buying market in 2006, outgrowing its rivals last year, according to the latest Recma Billings Report.

According to Recma, WPP’s GroupM agencies lead the market with 8.2 per cent share of planning and buying in Asia Pacific. MindShare, Mediaedge:cia and MediaCom  are reckoned to have grown by a combined 32 per cent last year, to US$6.3 billion. However, the report does not include entries from Japan-based giants Dentsu or Hakuhodo, which would likely top the rankings.

According to Recma, Asia Pacific accounts for 21.5 per cent ($78 billion) of the global media buying industry - but the international media networks accounts for only 22 per cent of that total.