Snapchat is ready for its Super Bowl debut. After missing out on the big game last year, it sold out its Live Story with the NFL for the Feb. 7 matchup.
Marriott, Budweiser, Pepsi and Amazon are all going to be Snapchat Super Bowl sponsors, according to sources. Video ads from these sponsors will run amid the Live Story for the game. Budweiser will only be allowed to serve beer ads to users 21 and older.
The ad packages wound up altogether totaling in the “low seven figures,” one source said, revenue the National Football League and Snapchat split.
Selling out its Super Bowl inventory is a lot different from how last year turned out, when Snapchat pitched the game to advertisers but didn’t wind up doing a Live Story. (See the pitch deck here.)
Last year, Snapchat asked for $1.77 million as it looked for a single big-name sponsor to support the entire Live Story. This year, Snapchat has a much closer relationship with the NFL and ran Live Stories throughout the season, including the championship games, which had “Batman V Superman” as a sponsor.
Instead of a single sponsor, though, Snapchat switched tactics, sources said, and looked for multiple sponsors. Snapchat is still an uncertain platform for many advertisers, who are drawn to its highly engaged and young audience, but still not sold on its ability to prove its ad product works. Snapchat doesn’t have the same ad technology as rivals like Facebook, which have measurement and data capabilities that can demonstrate how well ads perform.
“I’m not sure Snapchat has done the work necessary to attribute back the value of the product that they’re offering,” said Jill Sherman, svp of social strategy at DigitasLBi.
Still, for major brands looking to hit its youngest audience, “Snapchat for the Super Bowl makes all the sense in the world,” Sherman said.
Live Stories aren’t the only way brands will leverage Snapchat for the game. Brands will post their own content and perhaps buy Discover video ads, among other strategies, said Orli LeWinter, svp strategy and social marketing at 360i. Discover is the section of Snapchat where top media partners post content to their individually run channels.
“Snapchat is sure to get a ton of views on its Super Bowl Live Story, and there are other ways to get one’s brand on Snapchat during the game, though, which may be much more cost effective,” LeWinter said.
Media Briefing: The case for and against monthly and annual subscriptions in the battle for retention
There are no one-size-fits-all solutions for improving retention in a subscriptions business. While annual subscribers might stick around longer for some, other publishers will have better luck with monthly plans.
Digiday+ Research: The economy will hit the media and marketing industries this year, but differently
The economy will plague both the media and marketing industries in 2023, but the hit will be uneven between publishers and agencies.
Podcast ad buyers have yet to see a slowdown
Ad buyers have yet to see clients cut their podcast budgets – though the time of podcasts as the shiny new medium may be coming to an end.
SponsoredWhy Best Buy Ads sees retail media as integral to its customer-centric purpose
Sponsored by Best Buy Ads Retail media networks have become critical for marketers, with retailers investing in ways that enable advertisers to engage consumers across online and offline channels. Given the wealth of retailers’ first-party customer data and measurement capabilities, retail media networks have become a natural fit for augmenting performance marketing programs. Alongside the […]
The programmatic open marketplace is faltering, but publishers see a bright spot in private programmatic deals
Publishers are coming to terms with their open programmatic marketplace RPMs being 20-55% lower than they were this time last year, but the hope is that programmatic guaranteed deals will make up the deficit.
Marketers weigh the cons of working with Google Ad Manager amid Justice Department’s new lawsuit
When is it time to back away?