Happy Thursday. As the smoke from the Canadian wildfires blankets the East Coast (at just the right time for this billboard), ads are continuing their expansion into streaming services: Amazon is reportedly considering an ad-supported tier for Prime Video, according to the Wall Street Journal.
In today’s edition:
—Alyssa Meyers, Ryan Barwick
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Gatorade
There’s an obvious demographic associated with Gatorade: people with hangovers.
Also athletes. The PepsiCo brand has seemingly worked with all of the greats: Michael Jordan, Mia Hamm, Usain Bolt, Abby Wambach, Leo Messi, Serena Williams. The list goes on.
But despite its ongoing push to associate with the highest-profile athletes across sports, Gatorade has taken some fairly dramatic steps in recent years to shift its sports marketing spend toward the “grassroots level,” according to Mark Kirkham, SVP and CMO of international beverages at PepsiCo.
For instance, the brand’s parent company, PepsiCo, recently ended its partnership with the Super Bowl halftime show, and Gatorade did the same with the NHL, instead choosing to focus on investing in younger and more diverse athletes. Last year, Gatorade committed $10 million over five years to help improve access to sports.
“We want to be partnering with the best, and we want to be seen as someone that’s innovating and also elevating the story of athletes around the world,” Kirkham told Marketing Brew. “But at the same time, we also need to think of the broader opportunity in the broader consumer base.”
Read the full story here.—AM
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TOGETHER WITH SPROUT SOCIAL
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The spotlight is on AI and machine learning in the social media industry. Embracing these technologies means understanding how this dynamic duo plays a larger role in your marketing efforts.
For The 2023 State of Social Media report, Sprout Social teamed up with Harris Poll to survey more than 750 US and UK leaders in social marketing, customer care, and communications. Their goal? To understand what current and future social media success looks like—and how to get there.
Juicy stats include but aren’t limited to:
- 80% of business leaders expect a social media budget increase in the next 3 years.
- 90% of business leaders believe their brand’s success depends on social data to inform strategy.
- 97% of business leaders agree AI + ML will enable companies to analyze social media data more efficiently.
Want to know where you stand? Download the data report.
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Carol Yepes/Getty Images
The CEO of The Trade Desk knows AI is in a hype cycle, but that’s where the company is going anyway.
“I don’t want it at all to be suggested that we’re in AI because it is trendy, because it is the flavor of the month. It is the most hyped technology of the last 10 years,” Jeff Green said during a company event in New York City yesterday.
Of course, it wouldn’t be ad tech without AI—like Google, Meta, and Amazon, The Trade Desk is injecting a bit more AI into its platform. The company has debuted Kokai, a platform that will use AI to help advertisers bid on inventory, optimize budgets, and improve measurement.
Green announced Kokai on CNBC earlier this week, calling it the “biggest upgrade we’ve ever done in our company history.”
Continue reading here.—RB
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Francis Scialabba
Horizon Media is expanding its audio practice with a new team specifically dedicated to podcast advertising.
The media agency’s audio practice has been around for more than a decade, according to Maria Tullin, its SVP managing director of performance audio. But the team has become a lot more focused on podcast-specific planning, buying, and measurement strategies in the past few years, she said, so they decided to make some changes to their structure.
Horizon is introducing what it’s calling the “Center of Excellence” to its audio practice. That podcast-focused team will sit within Horizon Next, the division of Horizon Media that’s focused on performance-based marketing and “clients who have lower-funnel KPIs,” according to Tullin.
The Center of Excellence team will take “more of a significant role in the planning process” for podcast buys, Tullin said, as opposed to having more general strategy teams handle it. The team will also hammer out some best practices for podcast advertising in order to let “clients know what to expect from us,” she said, though those practices will be customizable based on the brand.
Keep reading here.—AM
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TOGETHER WITH T-MOBILE FOR BUSINESS
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Calling all bold thinkers. The Unconventional Awards from T-Mobile are back for their second year. Here’s your chance to celebrate bold moves and daring ideas on September 27 at MWC Las Vegas on the Rose Rooftop at Resorts World. Submissions are open to all T-Mobile for Business customers until July 31. Enter now.
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Morning Brew
There are a lot of bad marketing tips out there. These aren’t those.
Made in the USA: What the “Made in America” product label means to US consumers.
Sounds beautiful: A look at how beauty brands use music on platforms like TikTok.
Performance issues: Meta introduced updates to its “Performance 5” framework of best practices for using its ad products.
Hiring influencers? Review our guide for tips on finding the right creator and creating optimal partnerships for your brand.
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The power of storytelling and innovation takes center stage on Wednesday, June 14, at Spring Studios for Tribeca X, a full-day event presented in collaboration with Tubi and BrandStorytelling. This daylong event features panels, networking opportunities, the prestigious Tribeca X Award announcement, and much more.
The clock is ticking! Save $100 on your Tribeca X Day Pass when you use code morningbrew at checkout.
Buy your discounted Tribeca X day pass now.
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Instagram “helps connect and promote a vast network of accounts openly devoted to the commission and purchase of underage-sex content,” according to investigations conducted by the Wall Street Journal and university researchers.
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MediaMath and Viant, two prominent ad-tech companies, have reportedly been in talks about a potential merger or acquisition, per Digiday.
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FIFA “was not able to provide proof” to back up its claims that last year’s World Cup in Qatar was carbon-neutral, according to a ruling from Switzerland’s advertising regulator.
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Intuit QuickBooks chose FCB New York as its global creative agency of record.
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Taco Bell is testing a vegan version of the Crunchwrap.
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Catch up on a few Marketing Brew stories you might have missed.
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Written by
Alyssa Meyers and Ryan Barwick
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