Posts Tagged ‘Business Week’
Posted February 17, 2009on:
In this tough economy, celebrity endorsers are having to work even harder for the brands they represent, especially since new endorsements are so hard to come by. Companies like PepsiCo, MolsenCoors, and AT&T are expecting more “bang for their buck” from the celebrities who are endorsing their products. The article gives a great example of a business partnership between an A-list celebrity, Alicia Keys, and corporate sponsor, Yamaha, whose line of pianos is endorsed by Keys in her music videos and at national merchandising shows. As the article points out, Yamaha, as the maker of fine pianos, continually wants more from its celebrity endorsers, which in addition to Alicia Keys, includes the legendary performing icon, Elton John. While Keys and John are collecting royalties on their signature keyboard and piano lines, they are also being asked by Yamaha to make more appearances in front of the camera and on-stage with the Yamaha brand name front and center.
Another example of a corporate sponsor trying to find every way possible to promote its brand is Proctor & Gamble, whose TAG body spray is being promoted through a music record label, run by TAG spokesman and rapper, Jermaine Dupre, whose job is to find young talent. Through the exposure of the record label, Proctor & Gamble hopes to gain more exposure for its line of body spray. Please click here for the entire article in BusinessWeek:
In case you missed it, BusinessWeek recently published their list of the “Power 100: The 100 Most Influential People in Sports.” At the top of this year’s list is none other than Tiger Woods, perhaps the greatest golfer of all time. Below, you will find the top half of the list (numbers 1-50) or you can view the entire list here: