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Mascots Are Brands' Best Social-Media Accessories

Mascots are “the gift that keeps on giving,” said Carol Phillips, president of consulting group Brand Amplitude. “They never get in trouble with the law. They don’t up their fees. You can use them for a long, long time.”

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Today, social media is giving marketers a whole new playground to test and nurture mascots. “I think the web is going to [bring] a heyday for creating new characters and stories,” Ms. Phillips said.

It’s on the way there. Consider Kraft Foods, which recently gave us a character who lives almost entirely online. His name is Peanut Butter Doug, introduced to plug Kraft’s new Planters Peanut Butter. Doug serves as the stunt double for the 96-year-old Mr. Peanut — also part of the mascot resurgence, thanks to a 2010 refresh, when he got an earthier look and a voice for the first time, supplied by Robert Downey Jr.

That’s part of the beauty of launching a character in the social-media era. With a limited investment, Kraft can monitor how well Doug is playing in front of Planters’ most engaged fans, said Scott Marcus, senior brand manager for Planters. “It’s the perfect audience to get a sense of “Is this thing working?'” (Planters’ agency is Being, part of TBWA.)

Of course, mascot marketing is not always foolproof, or everlasting. Consider Burger King, which a few years ago revived its King mascot as a mime-like figure with an oversize head who eerily appeared in unexpected places. Though initially lauded by some, the creepy King apparently wore thin and was recently ditched, along with agency CP&B. The fast-feeder’s new shop, McGarryBowen, has returned to more product-focused messaging.

Other reinventions have gone more smoothly. For instance, last year Diageo recreated Captain Morgan in an ad campaign from Anomaly set in the 1600s and inspired by real-life privateer Captain Henry Morgan. The effort marked the character’s first TV appearance and drew praise from unlikely quarters, such as a beer conference where MillerCoors CEO Tom Long called it an example of breakthrough booze marketing.

And the Captain was among the first to come aboard when Facebook rolled out brand timelines recently, marking yet another mascot milestone.

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John Mahfood “I Listed on the JSE to Raise Capital for My Business”

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JSE Online Trading Platform

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Grace Stockholders To Vote On 3-for-1 Stock Split Today

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Shareholders of GraceKennedy Limited will this morning meet to consider and, if thought fit, approve a recommendation for a three-for-one stock split.

If approved, shareholders will receive three stocks for each one that is currently held.

According to group CEO Don Wehby, the stock units with a market price of J$115.00 per stock unit prior to the split will now increase threefold with an initial price of J$38.33 per stock unit

He says the stock split would allow GK’s stock to be made available to more investors while further enhancing the market for the shares.

Ahead of this morning’s Extraordinary General Meeting, GK last week issued 59,360 additional GK shares.

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UK Loses S&P Triple A Rating

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The UK has lost its top AAA credit rating from ratings agency S&P following the country’s vote to leave the EU.

S&P says the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”.

Earlier the pound plunged to a 31-year low against the dollar, and UK markets closed lower for a second day. On Friday,

Moody’s cut the UK’s credit rating outlook to negative.

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Caribbean Hotels Named In Jetsetters’ 2016 Best Of The Best

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Three Caribbean hotels have been named in US-based travel and lifestyle magazine Jetsetter’s 2016 Best of the Best awards.

The list which was published recently, highlighted the world’s 20 best hotels in categories ranging from Best Over-The-Top Luxury to Best Safari Lodge.

Included in the list were Antigua and Barbuda’s Barbuda Belle Luxury Beach Hotel, Anguilla’s Zemi Beach House Resort & Spa, and St Lucia’s BodyHoliday.

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