AB InBev to Review US $2 Billion Global Media Assignment
What:Anheuser-Busch InBev, one of the world's largest brewers, has kicked off a global media planning and buying agency review for its US $2 billion global media assignment.
Why It Matters: The company owns eight agencies spanning all major holding companies to handle media operations in more than 50 countries. The number of agencies that the company aims to globally consolidate has not been determined.
Anheuser-Busch InBev, one of the world's largest brewers, has kicked off a global media planning and buying agency review for its' US$2 billion global media assignment.
WPP's MediaCom, the current US incumbent, has held the account since late 2014. Globally, the company has eight agencies from the six major groups -- Mediacom, WPP, Publicis, Omnicom, Interpublic, Havas and Dentsu -- spanning all major holding companies to handle media operations in more than 50 countries. AB InBev is inviting the six major holding companies to put together teams to pitch the assignment.
Media Link is the company's search consultant, while Media Path will handle auditing.The review will be led by the brewer's global marketing team, which is based in New York. The process, beginning in April, is expected to close by the second half of this year.
The review comes several months after AB InBev acquired SABMiller for US$103 billion. AB Inbev is the 20th-largest U.S. advertiser. The brewer spends an estimated US $624 million on ads in 2015 and about US $695 million from January through November 2016 in the US, according to Kantar Media. Globally, the company spends upwards of US $2 billion a year annually on ads in more than 50 countries around the world.