| The History of Submedia The
concept for Submedia was simple--Creator Joshua Spodek
wanted to turn miles of dark subway walls into revenue
for transit systems while entertaining passengers
and providing advertisers with a high-impact medium.
Based on the idea of the circular 19th century children’s
toy called a Zoetrope, the system would use movement
to turn a light box with static images into a motion
picture outside of the train’s window.
Having
shared the idea with college mate Matt Gross, the
two set out to build their first prototype. After
numerous trips to the hardware store from Josh’s
parent’s garage, the duo rolled out with their
first system and diligently hit the path to potential
investors. The idea was a near immediate hit as it
won the backing of some prominent investors Another
early indication of Submedia’s viability was
the news media’s early acceptance of the idea.
After signing the first transit system, Atlanta’s
MARTA, the media began covering the company with a
near feverish pace before the first advertiser was
even signed.
Crediting
sheer tenacity, Submedia, an unknown player with no
real clout to spend, soon landed its first advertising
contract with Atlanta-based Coca-Cola to promote their
Dasani bottled water brand. This announcement spurred
even more media windfall--the kind left usually for
major mergers or the top news of the day. The Wall
Street Journal broke the story with a front page Marketplace
feature and additional major national news outlets
including The New York Times, Associated Press and
Newsweek soon followed—all prior to the launch
of the company’s first display.
Things
were looking good just as the market began to turn
down. The dot-com boom quickly turned into a dot-com
bust and investors began to realize that the plethora
of internet based businesses would never live up to
their market capitalizations. Fortune Magazine even
began a dot-com R.I.P. list that with as many as 100
companies per bi-weekly issue.
Nonetheless,
Submedia plowed forward towards a launch for their
first system in Atlanta. The press conference was
looking to be a hit with all major news outlets, including
CNN, to be in attendance on September 11, 2001 at
10:30am. The shocking events of that day were witnessed
by Submedia’s team in the lobby of an Atlanta
Marriott just minutes before the press conference
was to begin. As the Submedia team of young professionals
headed back to New York in a rented van, their determination
to succeed was higher than ever. A few weeks later,
Submedia did launch their first display in Atlanta.
Yet the slowing economy and the abrupt downturn in
ad spending made the job harder for the company to
reach its full potential. But, again, the true viability
of the company’s idea was validated through
its survival as hundreds of other companies continued
to fail. Eventually, a leaner Submedia emerged and
a winning strategy allowed the company to experience
worldwide growth. Advertisers quickly embraced the
new form of advertising. Submedia had unwittingly
created a way for advertisers to repurpose television
commercials in the out of home advertising market
while reaching a captive and engaged audience. As
TIVO and DVR devices continue to erode the effectiveness
of broadcast ads, Submedia provides a new medium for
the campaigns where the audience not only pays attention
but looks forward to it. One advertiser was so inspired
by the medium, that it made a Super Bowl Commercial featuring the technology.
The
displays themselves have also evolved moving above
ground with the recent addition of walking displays.
Using the same idea as in-tunnel displays with some
engineering tweaks, these interactive and engaging
displays use the movement of walking to drive motion
pictures.
As viewers walk along the display, a movie follows
them, matching their speed. Now appearing in major
metropolitan markets including New York and Chicago,
the walking displays have opened up the opportunity
for Submedia to help find and secure locations desired
by marketers.
Present
day, Submedia’s network of 37 displays span
15 cities, 9 countries and 3 continents, with new
displays going up in three of the remaining four continents.
Nearly every major global advertiser in every major
category has graced the tunnel walls and sidewalks
that reach millions of people in a single day through
this innovative, high-recall medium. Current and past
advertisers include AT&T, American Express, Benetton,
BMW, Budweiser, Cadillac, Calvin Klein, Channel, Chase
Bank, Ford Lincoln Mercury, General Motors, the Cartoon
Network, Coca Cola, Discovery Communications, Honda,
Infiniti, Johnnie Walker, Johnson & Johnson, Lucas
Films, Nissan, Renault, Royal Caribbean, Siemens,
Snapple, Sony, Target, United Airlines, SEAT, Philips, Allianz Panasonic and Warner
Brothers.
Through
a highly developed international footprint, advertisers
are now taking advantage of the opportunity to create
national and global campaigns that revolve around
Submedia’s in-tunnel and walking displays—often
by simply repurposing their television commercials
as Honda, Lincoln and Lexus recently did for a new
automotive launches in the US.
As
Submedia continues its expansion around the world,
both above and below ground, it is continually seeking
to expand its portfolio of unique and high-impact
mediums so that advertisers may continue to enjoy
creative expansion and flexibility along with better
results.
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