Jhe Covid-19 pandemic disrupted the sports industry as live events came to a halt for a good two years. This unprecedented event changed the way fans consumed sports content, pushing sports marketing companies to devise ways to make sports more engaging and personal in the virtual world.
Sports marketing experts and Storyboard18 media executives took to the stage to talk about the new world order where digital has taken center stage. Fan experiences have become more immersive with new technology tools like the Metaverse and digital collectibles and engagement has become a top priority for broadcasters and franchises across all sports formats.
Focus on sports content by brands
After the pandemic, sports and fitness have become big drivers in the mindset and you see people consuming a lot of it all and new age brands prefer sports talent because of the values they bring, says Nikhil Bardia, Head of Sponsorship and Talent Sales at RISE Worldwide.
“As the world goes digital and specific returns on investment can be calculated, there is no better cost-effective way than sport to reach such a national or international clientele or fanbase,” it notes. -he.
Lucky Saini, VP and Chief Brand Officer, Meesho told Storyboard18 that the partnership will help reach the value shopper across India.
“IPL also helps maximize our reach among male buyers as it has a greater inclination towards male viewers,” he notes.
Web 3.0 and deeper fan engagement
Interestingly, we are also witnessing the dawn when the world is moving to Web 3.0. brands, teams, franchises and leagues are largely capitalizing on the emerging reach of collectibles and engaging in the metaverse, says Bardia of RISE Worldwide.
“Additionally, brands are looking to leverage AR and VR tools to engage with audiences. As we enter this new era, it will open up a plethora of options for brands to selectively utilize,” he adds.
In December 2021, Yuvraj Singh also launched his own NFT collection, which marks his entry into the digital NFT (non-fungible token) space with his collaboration with Colexion, Asia’s largest licensed NFT marketplace.
Other new tech features announced by the company include a metaverse cricket show, a new online voting system, mixed reality analytics, and a new technology venture “Behind the Scenes” (BTS), among others.
Divyanshu Singh, Head of Sales and Marketing at JSW Sports, notes that the biggest upside of 2022 is that it will be the year when digital ad spend exceeds TV ad spend, which is in the range of Rs 40,000 crore. . This was supposed to happen in 2025 but was accelerated by the pandemic.
Continued rise of digital media
Experts believe that how the sport will be marketed will be dictated by these significant shifts in consumer behavior. This is where the ease and convenience of watching games on digital screens comes in.
One of the reasons for which digital platforms are gaining popularity. sports content.
“So for broadcasters it would be much easier, traceable and cheaper to contact the relevant TG who is digital native on those platforms. It is certainly one of the major changes in sports marketing, where spending is mainly dominated by traditional media, mainly television,” he notes.
Additionally, media connectivity would play a huge role in reaching consumers, so broadcasters will not rely solely on TV audience for returns, as subscriptions to these media platforms would also be equally important, if not more,” he concludes.
Note to readers: Storyboard18’s new Month In Focus initiative shines a light on themes and topics that are driving marketers to reshape and rethink the way brands engage with customers today. Our first theme is Just Sports, a special spotlight on sports marketing. We bring you stories of how marketers are harnessing the power of technology, innovation and creativity in sports to create powerful storytelling in campaigns that increase audience affinity and loyalty. . From traditional sports platforms around cricket to emerging games and the rise of esports, we get leading voices from across the world of marketing and sports to give us precise and timely insight into forward-looking marketing practices. ‘coming. Also listen for insights that will uncover insights and strategies that help brands improve experiences and storytelling with authentic collaborations. So watch this space for Just Sports.
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