Publicis and Omnicom merger via iMediaConnection |
Digitas
Razorfish
Starcom
Leo Burnett
Saatchi&Saatchi
BBH
Omnicom:
BBDO
DDB
TBWA
Cone
Fleishman-Hillard
Perhaps this tells us more about what's going on in the advertising agency that we may currently know. Maybe the two power houses must not be making enough money to sustain themselves. However, this screams capitalism to me. I can't image the internal PR tactic going on to get everybody on board with this merger. What about employees, do they have to be less competitive with their ex-rivals and embrace more collaboration? No longer can they gear up and create innovative competitive pitches because they are fewer competitors. Or perhaps they will focus more on internal competition rather than creating great campaigns for their clients. Since Coca-cola, Pepsi, AT&T, Verizon, Sprint, and T-Mobile will be all under one roof as stated in Bloomberg. Will these clients eventually turn to smaller advertising agencies because their needs are not being met? What about the leadership style of each parent agency, how will it be aligned throughout. I have too many questions and concern that this is a great topic for debate. It's too early to predict the outcome, but it is going to be a bumpy road. For now, I'll just have to monitor their performance and those of their main competitors. What are your thoughts?
**According to AdAge, Interpublic share rose (4.5% increase today) while Publicis was at 59.40 and Ominicom fell 0.6%