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Why McDonald's is following Walmart and Amazon into the advertising business
McDonald's on Wednesday announced plans to create its own media network, following in the footsteps of retail giants like Amazon and Walmart.
In August, 450 of its company-owned U.S. restaurants began displaying advertising for other companies on its digital drive-thru order boards as part of a pilot. It is early days for the program, which has not yet rolled out to the franchisees who operate the rest of its roughly 14,000 U.S. locations.
Still, McDonald's hopes that it could eventually grow to be a $1 billion business for the company.
"Commerce media is one of the fastest-growing areas in advertising, and it's expected to reach more than $100 billion in the U.S. alone by 2028," Morgan Flatley, McDonald's global chief marketing officer and executive vice president of new business ventures, said during an investor presentation.
McDonald's Wants to Build a $1 Billion Ad Business
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The next time you order a McDonaldâs burger, donât be surprised if it comes with an ad.
During an investor day presentation on Wednesday, McDonaldâs leadership revealed that it is rolling out McDonaldâs Media Network, an ad business that will pitch its data to other brands. McDonaldâs hopes to build a $1 billion business off of advertising revenue, according to Morgan Flatley, global chief marketing officer at McDonaldâs.
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