Revenge of the nerds

The era of the jocks is over, and the nerds are taking over the media agency scene, writes Ian Perrin, managing partner, Speed.

In the decade following the GFC, media agencies saw their operating models irrevocably change. Client procurement departments demanded the lowest possible rates to win business. So, they moved quickly to deliver this by aggregating into buying groups and focusing their product offering on extracting savings. This trend led to the death of independent planning agencies focused on the effectiveness side of the ledger, such as Bellamy Hayden, Naked, Razor and many others. Big, muscular, and cheap trumped small, nimble, and smart every time. The jocks had truly arrived.

But as we move into a new marketing era, that tide is changing. Of late, many smaller, strategic, and data-focused media agencies are thriving. Those that promote smarts over scale, collaboration over clout and people over profits. When Hatched won Mumbrella’s media agency of the year, it felt like a significant tipping point in the transformation of power… The nerds had found their revenge.

Why the change?

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