Less Ads, More Data, More Tools Register for FREE

Pin to quick picksWPP Regulatory News (WPP)

Share Price Information for WPP (WPP)

Share Price is delayed by 15 minutes
Get Live Data
274.10    2.80 (1.03%)
Bid:
273.80
Ask:
274.30
Spread: 0.50 (0.183%)
Market Cap: £2.96b
WPP Live PriceLast checked at - London Stock Exchange

Intraday WPP Share Chart

Acquisition

20 Apr 2023 11:00

RNS Number : 9241W
WPP PLC
20 April 2023
 

 

 

FOR IMMEDIATE RELEASE

20 April 2023

WPP PLC ("WPP")

WPP acquires sonic branding agency amp, expanding generative AI and brand experience design offering

 

WPP today announces the acquisition of amp, one of the world's leading sonic branding companies.

 

amp's expertise will strengthen WPP's offer in experiential branding and its ability to create high-quality, differentiated, and ownable sound experiences for clients. The acquisition comes as sound continues to grow as a vital branding element, with 75% of GenZ consumers saying that music helps them to feel more connected to brands[1].

 

amp will join WPP brand and design consultancy, Landor & Fitch, adding to the agency's expertise in delivering immersive brand identities that transform customer and employee experiences and set brands apart in a competitive marketplace.

 

Founded in 2009 by Michele Arnese, amp is based in the US, Europe and Asia, with main office hubs in Germany and the US. Its global team of more than 60 people has created award-winning sonic identities for some of the world's most influential brands, including Mastercard, Mercedes-Benz, Kraft Heinz, Deloitte, Shell, and General Motors.

 

amp's strategic rigour and deep expertise in music and sound is based on its Sonic DNA® design approach. This unique creative platform is elevated by Sonic Hub® - its AI toolset - allowing it to analyse, create and manage sonic assets, delivering these at scale by harnessing the potential of generative AI. This innovative approach ensures that a brand's audio content is consistent yet tailored to diverse audiences, delivering a seamless experience across all consumer touchpoints.

 

Mark Read, CEO, WPP, said: "With the rise of streaming, podcasting and short-form media, audio has become a critical component of the marketing mix. The acquisition of amp enhances our offer to clients, helping them create immersive experiences that engage consumers on a deeper level and drive their competitive advantage." 

 

Jane Geraghty, Global CEO of Landor & Fitch, said: "I'm delighted to welcome amp into the fold. The team is truly best-in-class and has effectively defined the rapidly growing sonic branding space with its work on clients like Mastercard and Mercedes-Benz. This acquisition gives us an unparalleled breadth of capability - graphic, digital, motion, physical, product and experiential - and now sonic. It will also help us accelerate our rapidly growing accessible design practice. I'm enormously excited about what we can achieve together."

 

Michele Arnese, Global CEO of amp, said: "We are excited to join the WPP family. This industry-first move shows the significance of sound as a must-have brand design and experience component. Integrating more closely with Landor & Fitch, true pioneers in brand design and consulting, will give us the opportunity to scale our award-winning Sonic DNA® design framework and our sonic AI platform Sonic Hub® within a broader brand identity context. Our global team of creatives, sonic experts, producers, client leads and researchers will team up with Landor & Fitch and WPP to unleash the power of audio, making brands sound better. We are beyond thrilled to begin this new chapter."

 

 

Further information

Louise Lacourarie, WPP

+44 (0)20 7282 4600 / +44 7741 360931

louise.lacourarie@wpp.com

 

Kellie Carey, Landor & Fitch

kellie.carey@landorandfitch.com Chris Bergin, amp - US Contact chrisbergin@ampcontact.com

 

Farah Syed, amp - EU Contact

farahsyed@ampcontact.com

 

About WPP

WPP is the creative transformation company. We use the power of creativity to build better futures for our people, planet, clients and communities. For more information, visit www.wpp.com.

 

About amp

amp is the world's leading sonic branding company. Utilizing its award-winning Sonic DNA®, amp creates holistic sonic identities for global brands. Leveraging sound, voice, and music, amp builds authentic connections for brands across audible touchpoints. With a diverse portfolio of clients, including Mastercard, Mercedes-Benz, Deloitte, Zurich Insurance, Uber, Klarna, and Kraft Heinz, amp activates 360º sonic experiences and assets. From digital advertising to branded content and user experiences, amp's Sonic Hub® Ecosystem uses AI-driven audio testing and voice technologies combined with implementation and research tools to deliver valuable audience insights and create sonic experiences for brands.

ampsoundbranding.com

 

About Landor & Fitch

We are a leading global specialist brand and design company, dedicated to creating transformative brands for ambitious clients. With 1,200 curious minds across more than 20 countries, our teams connect business ambition to brand strategy, expressed through expansive, differentiated design. Using data and analytics, we provide certainty to brand choices. With design capabilities that span graphic, digital, motion, sound, verbal, product and physical, we bring every facet of a brand to life. We help drive brand-led growth across multiple categories, with clients that include Apple, Bang & Olufsen, bp, Kellogg's, LEGO, Microsoft, Nike, Procter & Gamble, Singtel, S&P Global and WPP, to name a few. We are here to make a positive difference to our people, our clients and the world around us. We are proud to be part of WPP, a creative transformation company dedicated to building better futures.

https://landorandfitch.com/

 

 


[1] A study by PHMG found that 75% of 18 to 24-year-olds and 62% of under 45s say music helps them feel more connected to a brand, compared to just 41% of those 55 and over. Source: PHMG (2019)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
ACQEANLEALDDEEA
Date   Source Headline
3rd May 20185:57 pmRNSTransaction in Own Shares
1st May 20182:46 pmRNSDirector's Dealing
1st May 20189:00 amRNSWPP - full ownership of agencies in Asia Pacific
1st May 20187:00 amRNSVoting rights and Capital 30 April 2018
30th Apr 20187:00 amRNSWPP First Quarter 2018 Trading Update
27th Apr 201811:25 amRNSAnnual Report and Accounts 2017 and AGM 2018
16th Apr 20187:25 amRNSChief Executive Officer Steps Down
9th Apr 20188:25 amRNSFirst Quarter Trading Statement
4th Apr 20181:32 pmRNSVoting rights and Capital 29 March 2018
4th Apr 20187:00 amRNSIndependent Investigation
28th Mar 20183:04 pmRNSDirector's Interest
20th Mar 20185:05 pmRNSTransaction in Own Shares
19th Mar 20185:48 pmRNSTransaction in Own Shares
15th Mar 20185:08 pmRNSTransaction in Own Shares
14th Mar 20186:03 pmRNSTransaction in Own Shares
14th Mar 20183:52 pmRNSEPSP 2013 - 17
9th Mar 20185:06 pmRNSTransaction in Own Shares
8th Mar 20185:43 pmRNSTransaction in Own Shares
8th Mar 201810:15 amRNSDirectors' Interests
7th Mar 20185:33 pmRNSTransaction in Own Shares
6th Mar 20185:25 pmRNSTransaction in Own Shares
5th Mar 20185:35 pmRNSTransaction in Own Shares
2nd Mar 20185:33 pmRNSTransaction in Own Shares
2nd Mar 201811:55 amRNSshare buy-back programme
2nd Mar 20187:00 amRNSVoting rights and Capital 28 February 2018
1st Mar 20187:00 amRNS2017 Preliminary Results
12th Feb 201810:00 amRNSGroupM to acquire a majority stake in The Glitch
1st Feb 20184:20 pmRNSVoting rights and Capital 31 January 2018
16th Jan 20184:00 pmRNSNotification of Preliminary Results
12th Jan 20189:00 amRNSKantar Consulting acquires Mash Strategy in the UK
10th Jan 20189:00 amRNSWPP acquires creative agency BAR in Portugal
2nd Jan 20185:10 pmRNSVoting rights and Capital 29 December 2017
22nd Dec 201710:30 amRNSDirector's Interests
18th Dec 20179:00 amRNSOgilvy & Mather acquires a majority stake in ARBA
5th Dec 20175:10 pmRNSTransaction in Own Shares
5th Dec 20174:30 pmRNSExecutive Performance Share Plan ("EPSP") Awards
4th Dec 20175:30 pmRNSTransaction in Own Shares
4th Dec 201710:13 amRNSVoting rights and Capital 30 November 2017
1st Dec 201712:25 pmRNSExercise of options and sales to cover tax
28th Nov 20171:34 pmRNSFord Motor Company
24th Nov 20175:36 pmRNSTransaction in Own Shares
23rd Nov 20175:10 pmRNSTransaction in Own Shares
22nd Nov 20175:22 pmRNSTransaction in Own Shares
21st Nov 20175:34 pmRNSTransaction in Own Shares
20th Nov 20175:10 pmRNSTransaction in Own Shares
16th Nov 20177:00 amRNSTransfer of American Depositary Shares to NYSE
10th Nov 20175:37 pmRNSTransaction in Own Shares
9th Nov 20175:47 pmRNSTransaction in Own Shares
8th Nov 20175:20 pmRNSTransaction in Own Shares
7th Nov 20175:23 pmRNSTransaction in Own Shares

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.