International: Initiative wins Hyundai’s $735 mn media account

International: Initiative wins Hyundai’s $735 mn media account

Author | Source: Advertising Age | Tuesday, Jan 08,2008 6:58 AM

A+
AA
A-
International: Initiative wins Hyundai’s $735 mn media account

Interpublic Group of Cos.' Initiative has won media duties for Hyundai Motor America's Hyundai and Kia brands following a review, according to executives familiar with the matter.

Initiative beat out incumbent Aegis Group's Carat and Havas Media for the massive account. The automaker spent about $735 million in U.S. measured media for the Hyundai and Kia brands in 2006, according to TNS Media Intelligence.

Publicis Groupe's Optimedia also pitched, but didn't make it to the final round, according to executives familiar with the matter.

A spokesman for Initiative referred calls to the clients.

The review, handled by New York-based Roth Associates, had no affect on Hyundai's or Kia's creative agencies, which are Omnicom Group's Goodby Silverstein & Partners and independent David &Goliath, respectively.

Hyundai's automaker's media-management entity, World Marketing Group, announced the review in October, soon after Chief Operating Officer Steve Wilhite abruptly left the company and 2007 U.S. sales projections were reduced by 40,000 units.

In December, the company announced a new executive to head its North American operations, Jong Eun Kim.

A spokesman for Hyundai could not immediately be reached.

Source: AdAge.com

Tags: e4m

Write A Comment