Blog: The end of the traditional TV ad?
James Wilmore | 28 March 2012
What value is left in traditional TV advertising? Not much, if you believe the chief financial officer of one of the world's most advertised brands.
“The 30-second spot on television is no longer the way to do it. If you are like me, most of the TV you watch is recorded and then you skip over the ads.”
These are the words of Gary Fanyard, the Coca-Cola Co's CFO, speaking at last week's CAGE conference in London. Pretty strong stuff. But, Coca-Cola still sees opportunities in TV ads – it's just choosing its moments.
“The things you don't skip are the shows you want to watch because you want to talk about them the next day at work,” he added, “or things like the Super Bowl and the Academy Awards. These are the events we want to do a lot of advertising with, through tie-ins.”
Of course, like any right-thinking company these days, Coca-Cola is also using social media as part of its marketing armoury. Fanyard said one interesting aspect with things like Twitter was that consumers feel like they "own the brands", when they're talking about them online.
But, UK drinks producers, it appears, still believe in the power of the traditional TV commercial. Last week, brewer Greene King unveiled details of a new GBP4m campaign based on a new ad that will run across multiple channels next month, backed by online activity.
And Irn-Bru producer AG Barr also still sees value in the concept. Barr chief executive Roger White told me over lunch this week: “We still believe traditional marketing works, but you have to blend that with a digital perspective.”
So, not quite time to say 'cut' on the TV ad just yet.
Whisk(e)y companies spend a lot of money and effort ageing their products for that premium taste....
PepsiCo created a stir last week with the news it is testing a product called Caleb's Kola, with some in the media claiming it was the beginning of a new “craft soda” category....
SABMiller's bid to widen the appeal of beer is very much in evidence at its latest 'House of Peroni' - with beer cocktails and a bigger bottle for the Italian lager brand on offer. ...
Here's a round-up of the big stories on just-drinks last week, featuring PepsiCo, SABMiller, the Scotch whisky category and the US wine market....
- Comment - How Hand-Made is Tito's Handmade Vodka?
- Analysis - Remy's Cognac "dead-cat bounce"
- Heineken to stay "active player" in beer M&A - CFO
- Focus - Pernod Ricard's Q1 sales by brand
- Time for Heineken to make a European break
- Moët Hennessy unveils first Travel Retail outlet
- Whisky downturn slows Diageo's Scotch spend
- Beam Suntory, Edrington part ways in Travel Retail
- United Spirits sees Q1 net loss
- Pernod Ricard sees sales lift in Q1