How To Find Product Placement Opportunities For Your Blog
- How To Find Product Placement Opportunities For Your Blog Page
- How To Find Product Placement Opportunities For Your Blogs
- How To Find Product Placement Opportunities For Your Blog Site
- How To Find Product Placement Opportunities For Your Blog Post
Product placement on blogs is a bit of a different animal than traditional product placement. With traditional product placement, you're aiming at incidental exposure through widely-consumed media. When a TV show makes all their characters happen to like drinking Coke, that's product placement. It's very minor, but it incidentally makes people want a coke. Coke probably pays a lot of money for.
What’s going on music producers, let’s talk about submitting your beats off for placements and even probably some TV production. Let’s talk about it.
How To Find Product Placement Opportunities For Your Blog Page
Music producers, new year, new you. You wanna start getting more placements, maybe nobody’s ever explained to you a strategy of how to get placements. Now, you know, me personally, I’ve had the opportunity to produce for commercials on MTV, I’ve had the opportunity to have my music featured on VH1, I’ve had opportunities to produce for the likes of artists like Kendrick Lamar and Absoul and E40, but this is not about that. This is to show you that I have a track record that shows you I have a strategy for you, as you start to submit your stuff for placements, as you start to try to get your name out there, and you know, I know I’ve made videos in the past about you know, really honing your own business and only focusing on yourself but sometimes you know, there are people out here who wanna get placements and I’m not gonna down you for that. At one point in time, that was the biggest deal for me.
So, if you wanna get a placement, here’s the way that I go about it. Let’s start first when it comes to the artist and then we’re gonna talk about like TV sync and talk about you know, that particular world.
You can find it right in the menu or by clicking here. So far, we have made it possible to get comprehensive and valid product placement measurement and controlling at a fair price. Now, we want to expand the product placement market by providing interested people with an easier access to information, agencies, and experts. In order to make this work for your product positioning, you need to pinpoint exactly what makes your products and brand unique. Then, convey those elements to your target audience. People love to have ownership of brands and products that are different and can stand out.
Now, when it came to an artist, I’ve gone through many different strategies when it comes to you know, attempting to submit my beats off. You know, especially when you don’t have a direct contact to an artist, when you don’t have an opportunity to you know, it’s like I for instance had Absoul before he was huge, he came to my grandmother’s patio and we recorded over in my grandmother’s patio and that’s how I built my relationship with him. You don’t always have that opportunity. S
o, as you’re submitting over for placement, as you’re starting to see emails pile up on your Twitter and they’re saying hey, submit your beats here. Here’s the mindset I will go about it. You know, now, a lot of producers in the beginning when you’re sending stuff off for placements, they get so insecure about I don’t wanna send you know, just a few beats and what if they’re not tight enough and what if they’re not, you know, what they’re looking for and I don’t know what they’re looking for and there’s so much confusion about what you should actually send.
Here’s what I’mma tell you, you should do first and foremost.
Zero it down to about 3 choices, yes, don’t send 15 to 20 beats. Cause you gotta think. When somebody has been going through a list, we’re gonna talk about the rapper that you’re submitting to okay? Imagine there’s a rapper, just put a rapper in your mind that you’re submitting beats to, right? Somebody you wanna get a placement. Imagine that they have been going through about 2 hours of listening to submissions through email, okay? And that’s not an exaggeration. I remember seeing back in the day Wiz Khalifa used to listen to beats on his live stream for 2 hours and I tell you, 60-70% of the beats, weren’t what the artists were looking for.
So, here’s how you stand out. As you’re starting to attach your beats to this email, first beat out the gate needs to be an absolute banger or whatever your definition of a banger. It needs to be so undeniable, that is the one. You need to start with that one, that’s first. Second, I would look for a beat that really is in the mindset of the artist, trying to figure out a beat that really fits the aesthetic of that artist and I mean you really should study that artist if you wanna submit beats to them and not just their old work, you wanna study you know, sort of the things that they talk about and the concepts they talk about. Like a Lupe Fiasco talks a lot about samurais and he talks a lot... So, maybe you have something as a samurai theme that you wanna submit off to him that you think might be aligning with his next project, cause you don’t know, you’re really playing a guessing game.
But make sure you submit beats that line up with their particular branding, with the second beat at least. Like I said, that first beat is the hard one and mind you, I have never heard anybody in the history of making beats, where a rapper came to me and said man, I would’ve took this beat man, it’s just too hard for me. Wait what? I’ve never heard that happen, so have no fear about that first beat, hard one. Second one, you wanna send something that’s really within the lane of their particular aesthetic.
And the third one. Send an oddball. Send a left field beat. Here’s the thing about it. You gotta think of rappers in the same way that you think about your next beat. Rappers are thinking about their next project, they’re not trying to recreate something that happened just the last album. They’re trying to advance from that, they’re influenced by so many things going on around them, other music, things in their life, maybe a rapper just had a son or a daughter and now they’re starting to look at the world a different way. Maybe they’re being inspired by you know, a soulful sample from the 70s and now that’s kind of the lane they’re heading into that direction. You know, it’s almost like, you couldn’t judge where Jay-Z was going, by listening to blueprint 3, you couldn’t predict a 4:44 was gonna happen, you know? Or you couldn’t predict that you know a watch the throne would eventually be a part of his catalog. But here’s the thing about it.
If you’re always thinking about the next phase, the next move, by sending an oddball beat, a beat that you know, people will be like, I don’t know if that’s a you know, Kendrick type beat, I don’t know if that’s it. That’s fine. Send that left field beat because they’re looking to experiment the same way you’re looking to experiment as a producer. So, as you start to put your beats together and you’re like yeah, I’ve been making a lot of trap beats, but I kinda wanna, I don’t know, I wanna do something more soulful. The same way you’re evolving, they’re evolving too, so don’t treat them as if, they’re gonna be stuck in the same box, over and over and over again as the years go on. You know, treat them as the creative creatures that they are. Cause you’re a creative creature in itself. I don’t mean that in a bad way. Treat them with that respect. Now those are three things that I think you should keep in mind as you’re submitting beats off to rappers.
Now, when it comes to TV and sync, you know really thinking about commercials and thinking about that particular world. The beats that ended up getting picked. Cause I’ve had placements in video games, all these different things. The beats that I feel like they pick, are the ones that you don’t really see people rapping over. They’re instrumentals that stand on their own, they’re instrumentals that don’t need a vocal on it because I’ve already filled that space up. So, some of those beats that you got, that are a little bit more musical, some of those beats that you’ve got that have a little bit more experimental sounds. Maybe even like some synthesizer blips that you’ve never used within an actual song. Maybe it’s some German down tempo you know/ dub synthesizers that are really harsh on the ears and nobody wants to rap on it.
Those are the type of beats you need to submit off for them. And then also, before you submit those off, make a folder based upon you know sort of the scenes that you see these beats for because a lot of times you’ll get these folks who are in the TV sync that say, man do you have something that’s great for a car chase? Or do you have something that’s like you know, somebody shopping on Rodeo or a very expensive you know street and they’re living the luxury life? Do you have beat that evokes the feelings of luxury you know, or promotes the luxury life? And as you start to think of it that way and what emotions, even like think about separating your beats between emotions. Like anger and frustration or you know sad or emotional. When you separate those, you make the job of the person who has to pick the music so easy. And when you make their job easy, they’re gonna make sure you’re getting taken care of. They’re gonna make sure that you get first dibs next time they start looking for submissions on beats. So, that being said, keep that in mind. Separate those by emotions, by scenes, you know maybe even double some of the beats down so that they fit different criteria.
Whatever the case may be, as you start to figure that out, there’s plenty of websites out there that allow you to submit. Why not prepare yourself first to get into that particular spectrum? You know, go to events. I remember the first placement I ever got, outside of a rapper was this thing called vans downtown showdown and it was at the Paramount studios, I had a friend that worked in the actual video editing company that was basically covering the event and because I went there, shook hands with the CEO of that company and he said hey, you make music? I said yeah, matter of fact I got a beat CD with me. This was back when we was holding CDs and CDRs all the time. I gave him the CDR, within a month, he asked for my performance rights organization information. He asked for you know, my PayPal information or my address and within a month I got a check for about 300 bucks, 200 bucks. 200 bucks I got a check and I was just like yo, this is too amazing. Well, that’s what happens when you get out there and shake hands and sometimes just open yourself up to other opportunities outside of just rappers.
Rappers are not the only ones looking for beats, you know you got YouTube channels now that are looking for beats. You got YouTubers that make gaming videos and now they wanna have your beats in the background. Start looking at it from that angle. Also, it’s a great way to get your name out, if you’re not necessarily looking for the money. Just get out there. That’s all you can really do.
Once again, this is Curtiss King of airbit.com. Have a good one.
Music producers, don’t forget to subscribe to the airbit channel right now.
James Bond (Pierce Brosnan) leans up against his Z8 convertible in The World is Not Enough (1999). Copyrights: MGM Studios; BMW.
Everyone knows James Bond’s drink of choice is a martini, shaken and not stirred. But for the right price, 007 will sip anything you put in front of him. He doesn’t always drink beer, for example, but when he does, he prefers Heineken.
That’s because Heineken has been supplying the secret agent with pale lager as part of a 15-year, multi-picture deal, one of the longest running and most expensive of its kind in movie history. Most recently, Heineken’s US division paid a reported $45 million for a product placement in 2012’s Skyfall. The deal included a 30-second commercial starring Daniel Craig as James Bond, a branded web game featuring Craig and co-star Bérénice Marlohe, and a scene in the movie in which Craig turns down his signature cocktail for a bottle of Dutch beer.
Some fans of the franchise found the placement in poor taste. Brands have been unsubtly influencing Bond’s choices in apparel, motor vehicles, watches, and laptops for decades – but surely messing with the shaken martini is a step too far. That’s the equivalent of swapping out Superman’s “S” for a Penzoil logo, or replacing the Batmobile with a more sensible Hyundai Elantra. Is Her Majesty’s most iconic spy really so hard up for cash?
Skyfall, however, wasn’t the first time Mr. Bond switched his tipple. Way back in 1962’s Dr. No, Sean Connery reached for a Red Stripe beer. Ever since, Bond’s been ambivalent about his martini, switching between Smirnoff, Absolut, and Stolichnaya vodkas. At one point he favored gin in the mix. Gordon’s, that is. We know because Daniel Craig made sure to enunciate the brand name when ordering a drink in Casino Royale. (To be fair, the line was delivered as originally written in Ian Fleming’s 1953 novel of the same name: “Three measures of Gordon’s, one of vodka, half a measure of Kina Lillet.” Even the novels were highly brand conscious.)
Product placements are big business for the Bond franchise which, throughout its 50 year history, has been a trailblazer in the field. Film studio MGM broke advertising records by selling $100 million worth of placements in 1999’s The World is Not Enough to such brands as BMW, Bollinger, Turnbull & Asser, Smirnoff, Omega, Motorola, Electronic Arts, Microsoft, Caterpillar, and, of course, Heineken. It matched that take once again in 2008’s Quantum of Solace, earning over $100 million from many of the aforementioned advertisers, in addition to Ford, Virgin Atlantic, and Sony. (MacBooks may be beautiful, but saving the world from rogue generals, megalomaniacal scientists and corrupt double agents requires a Vaio laptop running Windows XP.)
The Bond films are chock full of sponsored product – perhaps even comically so – but they’re no longer outliers. They’re the shape of entertainment to come. The Journal of Management and Marketing Research (JMMR) estimates that total spending on product placements in entertainment reached about $7.55 billion in 2010, having compounded annually at 27.9% over the preceding five years. Meanwhile, the estimated value of those placements, in terms of audience reach, was nearly $14 billion, having grown at 18.4% on average.
No medium is safe. Movies account for a relatively small slice of the product placement market. Television attracts close to 71.4% of all paid placements, and about 75% of all broadcast-network shows feature placements of some kind. Collectively, the top 10 TV shows of 2008 featured 29,823 product placements. Placement in video games was a $1 billion market in 2010. And brands spent over $3.6 billion inserting product shout-outs into pop music in 2009. Artistic integrity be damned; if Miracle Whip is going to pay Lady Gaga to appear in her new video, she’ll take a bite.
When considered out of context, these placements seem absurd. But placements are all about context. When products are inserted into storylines, they can be more effective than traditional ads. They’re better at grabbing attention. They can be more cost efficient. They can’t be muted or skipped over the way typical ads can be. And yes, research shows that they’re highly influential – particularly when used to generate positive impressions of a brand or to change consumers’ perceptions about a product.
Product placements represent a shift in the world of advertising, away from the calculated certainty of media buying and commercial rotations, and toward a model with much higher risk and much greater reward. Advertisers aren’t taking those risks for sport; they appear to have little choice. As we’ll see, the $64 billion market for TV advertising only reaches 30% of its intended audience. Unskippable, unmistakable, unforgettable product placements are the brand marketer’s best answer to the collapse of traditional advertising.
The Idea (and Decline) of Traditional Advertising
Before we dive into the workings of product placements, we need to understand the mechanics of a typical ad campaign. On a strategic level, the goal of an advertisement is to encourage viewers to develop or change a perception, or to take an action (ideally, to purchase a product). More tactically, advertisements are measured on their reach, their efficiency, their residual effects on consumers’ brand awareness, and their effectiveness at achieving a desired business objective.
Reach is a measure of how many people are exposed at least once to a given advertisement. Essentially, it’s the total (and theoretical) size of the audience. Frequency is the number of times an average viewer is expected to be exposed to the same advertisement over the course of a campaign. Too little frequency, and most viewers will miss an ad. Too much frequency, and they’ll get annoyed. The “just right” frequency is known as the Effective Frequency. It’s an estimate of how many times a typical person needs to be exposed to a given ad before registering it and taking an action. Awareness is a measurement of how many people in a given population know about a specific brand or its messaging. Recall measures how memorable a given commercial or campaign may be among people who’ve been exposed to it.
The problem? As more ads become skippable, mutable, or avoidable by other means, net reach plummets, advertisers have to ramp up their frequency, and finding an effective frequency is increasingly difficult. As a result, brand awareness is more expensive to build and maintain.
David Kiley of Businessweek finds that up to 66% of all TV viewers mute, skip, or otherwise “tune out” during the commercial segments. Over 90% of consumers with DVRs and other digital recording devices skip commercials outright, according to the International Journal of Business and Management. Viewers with DVRs are also 38% less likely to recall brands shown in TV ads, whether or not they’ve skipped them.
As a result, JMMR notes that average brand recall across all commercial campaigns has dropped to 30%. And marketers are taking heed. A recent survey by the Association of National Advertisers (ANA) showed that 78% of marketers believe the effectiveness of TV advertising is in sharp decline.
Those numbers are frightening to advertisers. Consider that they spend nearly $64 billion on TV every year, $16 billion on radio, $700 million on films, and $800 million on video games. Now consider that only 30% of those dollars are going to hit their mark.
That’s a lot of money down the drain. Credit: Marketingcharts.com. Source: PricewaterhouseCoopers.
What’s to be done? Enter product placements. If research is to be believed – and plenty of marketers and advertisers are starting to believe it – it’s capable of trouncing standard-issue commercials and display ads. It’s the advertising industry’s latest, greatest attempt to reverse the 30/70 split on hit and miss. It’s a gamble, but for marketers whose playbook doesn’t seem to be working, it’s a gamble they’ll take.
How To Find Product Placement Opportunities For Your Blogs
In Your Movie, In Your Face: The Rise of Integration
Stephen Colbert shows off his iPad at the Grammys. Apple is unique among major brands in that it never pays for product placements; instead, studios and networks come to Apple for permission. In 2011 alone, Apple products featured in 40% of major motion pictures and appeared 891 times on TV shows.
“Embedded marketing,” as the industry calls it, can take many forms. Placements can be visual (the sight of Tony Stark in an Audi R8), aural (Forrest Gump’s repeated mentioning of Dr. Pepper), or both (the Reese’s Pieces shown, and talked about, in E.T.). Not all placements are paid for – Bond author Ian Fleming’s choice of Gordon’s gin was his own – but the vast majority are. At the very least, the usage of recognizable brands in film or television requires some form of consent from the manufacturer or rights holder.
In terms of their subtlety, placements run the gamut from the vaguely subliminal to the obvious and unavoidable. (Fun fact: the product placement parody in Wayne’s World was an actual, paid placement by the brands referenced in the bit.)
Graceful or otherwise, those placements can produce outsized results, especially when stacked against typical ads. Even better, they can complement the performance of ads running adjacent to the integration. JMMR estimates that “57.5% of [television] viewers recognized a brand in a placement when the brand also was advertised during the show.” (Recall the 30% figure without the adjacent product placement.) Nielsen reports that placements in TV shows can increase brand awareness by up to 20%, and NextMedium claims that number can climb to 43% when the placements are integrated into “emotionally engaging programs.” By associating a brand with an engaging show, likable character, or cool celebrity, product placements can benefit from the halo effect – or positive association – of that context.
Consumers not only exhibit stronger recall and higher awareness of brands through product placements; they’re also more receptive to the messaging. Here, again, JMMR indicates that 31.2% of consumers who view product placements show interest in purchasing the products, and that interest can translate into cold, hard cash. Take the example of Dairy Queen’s placement into an episode of The Apprentice:
“The contestants needed to create a promotional campaign for the Blizzard [a Dairy Queen signature milkshake]. During the week of the broadcast, Blizzard sales were up more than 30%. Website hits also were up significantly on the corporate and Blizzard Fan Club sites as well as the Blizzard promotional site.”
On the film side, CNBC reports on the solid business results of some of the most iconic integrations in movie history.
Tom Cruise rocks Ray-Ban Wayfarers in Risky Business (1983). The movie made Cruise a bona fide movie star – and sold 360,000 pairs of the advertiser’s once-flailing sunglasses line. Photo source: CNBC. Copyright: Warner Brothers Pictures.
- Risky Business (1983): Tom Cruise sported Ray-Ban Wayfarers, a line once slated for cancellation by the sunglasses manufacturer. Sales of the Wayfarers increased dramatically during the run of the film, which catapulted both its star and his shades to pop culture stardom. The sale of over 360,000 pairs of Wayfarers were attributed to this product placement.
- E.T. (1982): Hershey, maker of Reese’s Pieces, saw its profits increase by 65% during the run of Steven Spielberg’s landmark children’s film (at the time, the largest box office smash in history). M&M manufacturer Mars, Inc. was Spielberg’s first choice to appear in the movie; they turned him down.
- Top Gun (1986): Once again, a partnership between Ray-Ban and a Tom Cruise flick paid off handsomely. Sales of the company’s Aviator sunglasses rose by 40% as a result of their use in the movie.
- The Firm (1993): Tom Cruise worked his product-placement mojo once again, driving up sales of Red Stripe beer by 50% in the US in 30 days through a very blatant placement in the movie.
- Sideways(2004): The Paul Giamatti comedy caused a 150% sales increase for sponsor Blackstone Winery’s pinot noir (and a 2% drop in US sales of merlot, which Giamatti bashes in the film).
Given that kind of upside, we’d expect the costs to be high. But in comparison to TV, print, radio, and other media advertisements, they’re surprisingly inexpensive. Hershey spent only $1 million on its iconic E.T. placement. BMW spent a reported $3 million integrating its Z3 into the 1995 Bond film Goldeneye – then saw a $240 million lift in sales of the model as a direct result of the placement. These days, the stakes are much higher; integrations into multiple episodes of primetime TV series can run $3 to $10 million, and full-series deals can exceed $50 million. Brands are increasingly dropping tens of millions on movie integrations.
While nominally high, these figures look cheap in comparison to a 30-second spot on a hit show, especially when accounting for skipping, tune-out, and low recall. A typical TV spot will cost $350,000 on average to shoot, and tens of millions to run for a few small flights – most of which will be skipped or will fail to register for one reason or another. Hollywood trade paper Daily Variety estimates that the average cost of a single commercial on The Big Bang Theory is $317,160. The cost on AMC’s The Walking Dead is $326,000. The average cost of a single spot on NBC’s Sunday Night Football is $628,000. ESPN’s Monday Night Football, for its part, averages $408,000 per commercial.
Commercials, however, aren’t going extinct anytime soon. Even if they’re less effective than some integrations, and more expensive on a pound for pound basis, they’re steadier and more predictable advertising vehicles. They’re also a well-worn and mature market, less susceptible to fads, speculative pricing, booms and busts. Brand integrations can mitigate a lot of the weaknesses inherent to commercial campaigns, but they’re also a lot riskier. They carry bigger potential upside, but they require a lot of faith in factors beyond the advertiser’s control.
Risky Business
As lucrative as some of the better-known product placements have been, hundreds of others fail or never get off the ground. If a standard-issue TV commercial fails, it tends to fail on its own terms; either it’s an effective spot or it’s not. But a product placement can fail through dozens of factors outside the advertiser’s control. Some of the more notable risks involve production and scheduling of shows and movies:
- Timing: Buying commercial airtime on TV allows for careful control over media flights, and hence, windows of exposure to a given message. But integrating into a movie or TV show means taking on the risk that the content will be launched early, delayed, or even canceled. In retrospect, BMW’s placement of the Z3 into Goldeneye seems quite risky. Had the movie been pushed back half a year (not an uncommon practice in Hollywood), BMW might have been stuck advertising its previous year’s model in a new movie.
- Creative Control: By definition, integrating into someone else’s content means playing by someone else’s rules. Brands don’t exert much control over the parts of the movie or show they don’t integrate into, or influence the entire script, shoot, casting, and so forth.
- Brand Association: For better or worse, the talent involved in movies, music, and other forms of entertainment carries a lot of baggage. Walmart, a fairly conservative and family-friendly brand, partnered with Miley Cyrus on an integrated commercial campaign in 2010. Back then, she was a wholesome ‘tween role model. Today, she’s the kind of person who twerks in a skintight bodysuit next to a 10-foot-tall metaphor. The transition from good girl to wrecking ball can happen virtually overnight. Any brand partnering with, or integrating into, a star-driven medium bears this risk.
- Commercial Failure: Product placements in movies, shows, and songs are to commercials what options are to equities. Paying a few million dollars to integrate into a movie that becomes a billion-dollar box office smash looks like a fantastic deal. Paying a few million to integrate into a bomb, on the other hand, is embarrassing for all concerned. When marketers make high-priced integration deals with content creators, they are exposing themselves to the risk and downside of the content’s commercial lifespan and cultural relevance. Verizon’s FiOS placement in Iron Man 3, this summer’s highest-grossing movie, paid off handsomely. Nike’s integration into White House Down, one of the summer’s biggest flops, probably didn’t. When brands get into the hits-prediction business, they take a big risk on the ultimate reach of their messaging.
- Consumer Burnout: As brand integrations become more commonplace – recall that about 75% of shows in primetime on broadcast TV now feature product placements – their omnipresence might piss off consumers, damaging brand equity. On the other hand, viewers could become desensitized to product placements, resulting in a sort of “blindness” to them. Either scenario is bad for advertisers.
Gail Tom, professor of marketing at California State University, tells LiveScience that the low-hanging fruit in the product-placement market has been plucked. Hershey struck gold with E.T. because large-scale placements were new and unexpected in the early ‘80s. These days, consumers are more cynical.
Tom also notes that correlation does not imply causation:
“To state that the advertisement(s) caused the change in sales, you have to prove that the increase in sales is not due to countless other factors like seasonal variation, competitors’ activities, the general economy, other concomitant promotional events, changes in social value, current pop culture, and so on. To nullify these other competing explanations [can be] very difficult or impossible.”
How To Find Product Placement Opportunities For Your Blog Site
It’s a strong point, and it raises another risk: the risk of false attribution. To some extent, however, the same risk holds true in traditional TV and movie advertising. It exists in any advertising channel that cannot be measured and analyzed. But the risk is greater in product placements because timing and reach are variable; in TV commercials, they’re constant.
Conclusion
As we’ve established, traditional advertising is becoming less and less effective. But it’s still the largest line item on the ad budgets of the world’s biggest consumer products brands. Mass-market brands need to reach mass markets. While many of them are becoming savvier about social and digital advertising, they don’t view those tactics as full-fledged replacements for TV, radio, and film.
Product placements could become the heavy munitions of the brand manager’s arsenal. They’ll be used to complement other advertising with big, loud, attention-grabbing bursts. In a world where consumers are desensitized to a battery of high-frequency, small-scale placements, going big and bold will be the only way to stand out. And if consumers become sick of placements altogether, then searching for organic, non-intrusive fit between products and content will be more challenging. But it will reward the players in the market with the ad dollars to make huge, meaningful bets on content.
In other words, expect a comeback of whole-cloth, brand-sponsored entertainment. In the early days of television, Procter & Gamble funded soap operas. These days, it’s dusting off the old playbook. In 2012, it allocated a significant portion of its total advertising budget to a massive bet on the London Olympics: a deal that included dozens of commercials, category-exclusive rights to household products, and a massive integration into the Games themselves. Its “Thank You Mom” campaign included the construction of a “Family Home” on the Olympic grounds, which was used to let Team USA athletes meet up with their families during the games.
The precise cost of P&G’s deal is unknown, but it’s not uncommon for category-exclusive Olympics deals to meet or exceed $100 million. Marc Pritchard, the firm’s Global Brand-Building Officer, made the investment by calculating a $500 million return in sales lift. As Pritchard told Reuters, “This is the largest and most ambitious campaign that we have ever done and it’s one of the highest returns on investment campaigns that we have ever done.”
Brands in P&G’s weight class are looking to match its “large” and “ambitious” campaign by sponsoring their own content across any number of media. Brand-funded shows might even show up in your Netflix queue. Peter Tortorici, CEO of GroupM Entertainment and former President of CBS and Telemundo, notes that Netflix and Amazon make particularly attractive channels for branded content. These outlets have fewer broadcast and redistribution partners to deal with for any given show, and accordingly, they make compelling one-stop destinations for brands looking to fund content.
As viewers, we may not like product placements. But we’re going to have to live with them. If it’s any consolation, those placements are going to have to get better. The increasingly challenging advertising landscape demands it.
How To Find Product Placement Opportunities For Your Blog Post
This post was written by contributor Jon Nathanson. Follow him on Twitter here. To get occasional notifications when we write blog posts, sign up for our email list.