How Product Placement Is Becoming A Popular Marketing Strategy

It is known to be true that the best endorsements achieve a deriving ideas, style and taste between the product and the celebrity. Giving a brand an appearance is more than just a marketing strategy to increase sales; it is a decision that can change the outcome of the brand for the

The birth of ‘Marketing’ happened centuries ago where vendors in ancient times tried to seduce the oncoming customer by chanting in loud noises and catering to the customer needs by negotiation of price or assumption of what they might need aside from what they were actually looking for. Over the years, this process has been refined, given a

Product placement is a strong brand-building tool for the changing media landscape that furthers existing marketing objectives. It is a cost effective means of gaining global media exposure with unlimited viewer impressions also it is a unique way to familiarize consumer with brand and product lines and connect to customers with the added benefit of association with blockbuster film, hit TV show, and/or celebrity. The advertising and marketing industry worldwide is in the throes of a serious problem. It is becoming increasingly difficult to grab eyeballs and break through the clutter. The average consumer is bombarded with messages every second

The use of celebrities as brand ambassadors to advertise their company goods is termed as product endorsement.

I appreciate your point of view that at times misplaced advertising devalues film and television to an extent. The real bone of contention is, how a marketed product is placed in uniformity with the demand of the specific presentation. The extra money earned by the producers through product placement gives them more economic power to make the content better. For example, being able to rent a superior sound studio for dubbing. A thorough well-thought product placement provide film and television producers another avenue of income and in-turn the product manufactures get their desired visibility.

According to Kujur & Singh (2017), entertainment marketing also involves the use of well-known people or celebrities to market goods and services. A majority of the companies have adopted this style as a core of their marketing and have experienced significant success in the market. This method impacts positively on the customer's perception of

The example I chose to use of product placement is Ray-Ban’s Wayfarer sunglass in the classic 1983 comedy, Risky Business. This film launched celebrity Tom Cruise’s career and saved Ray-Ban’s Wayfarer sunglasses from extinction. I decided to rent the movie because I had never seen it since it came out 13 years before I was born. This movie sparked my interest because whenever we have to name our groups someone always picks that movie title for their group name. On the cover of the movie you see Tom Cruise rocking the Ray-Ban sunglasses. The opening scene is black and it slowly zooms out from the center of the Ray-Ban sunglasses. He wears them throughout the movie when he is partaking in his risk business. Then at the end of the movie it does

The main idea in the article “Product Placement and Advergming” by Michael Solomon is the usage of real products or brands in fictional movies, television shows, and video games and its effects on todays’ growing economy. The first point that the author brings up is that at one time in history the television networks ordered that if a name brand product was to be operated into in any film, it needed to be altered. Solomon gives the example of Melrose Place transforming the name of a cell phone from “Nokia” to “Nokio”. However, in today’s media world there is a widespread variety of name brands incorporated into the networks. Sometimes companies pay billions of dollars to get recognition and other times they just get lucky with free advertisement. Correspondingly, the author states that now- a- days it is so common to see products

Product placement is an advertising technique used by companies to promote their products through appearances in film. Most movies have some product placement, two of these, Yes Man and American Beauty do it sometimes subtly and other times so blatantly that they break the fictive stance pulling the audience out of the story.

Product placement in music videos is quite a fruitful source of money for artists who approve it. The content of many commercial pop songs, the imagery displayed in music videos and the conspicuous consumption apparent in the lifestyles of pop stars all reinforce the idea that mass consumption will lead to happiness.

Product placement as a common practice began around the 1930s, when film studios needed cars for specific scenes and automobile companies would offer to help out. In 1982, Steven Spielberg’s E.T. featured Reese’s Pieces candy multiple times throughout the film, boosting Reese’s sales by 66% and bringing media attention to the concept of product placement (Wenner, 2004, p. 104-105). Today, the Federal Communications Commission (FCC) regulates embedded advertising in radio and television. Though many individuals claim such regulations are ambiguous and outdated, the Communications Act of 1934 requires broadcasters “to make sponsorship identification announcements in any paid-for programming” in Section 317 and “to report when any ‘money, service, or other valuable consideration’ is provided for the inclusion of a product or brand in a television program” in Section 508. In addition, the FCC’s own sponsorship identification rules “require a sponsorship announcement once during a program … if there is no obvious connection between a commercial product … and its sponsor” (Fujawa, 2012, p. 557).

According to Schiffman & Wisenblit (2015), “product placements consists of featuring products within the contents of entrainment, such as TV, movies, video games, among other.” (pp. 203).

Celebrity endorsement is a billion dollar industries today (Kambitsis et al., 2002) with companies signing deals with celebrities hoping that they can help them stand out from the clutter and give them a unique and relevant position in the mind of the consumer. According to Solomon (2002), the reasons for using celebrity endorsement involves its potential to create awareness, positive feelings towards their advertising and brand. Research has shown that celebrity endorsement can have an impact on the consumer’s attention, recall, evaluations and purchase intentions (Atkin and Block, 1993), Celebrity endorsement is a widely used tactic in marketing and much research

It is forecasted that global paid product placement spending will grow at a compound annual rate of 27.9% in the 2005-2010 period to $7.55 billion, as product placement growth continues to significantly outpace that of traditional advertising and marketing. The overall value of the worldwide product placement market, including the barter/exposure value of non-paid placements, will increase 18.4% compounded annually to $13.96 billion in 2010 (PQ Media, August 2006). It is therefore not surprising that the concept of product placement is daily discussed, applied, and reported in the world of professional marketers (Russell and Stern, 2006; O' Loughlin, 2006; Levin, 2006; Karrh et al. 2003;).

In April 2006, Broadcasting & Cable reported, "Two thirds of advertisers employ 'branded entertainment'—product placement—with the vast majority of that (80%) in commercial TV programming." The story, based on a survey by the Association of National Advertisers, said "Reasons for using in-show plugs varied from 'stronger emotional connection' to better dovetailing with relevant