Ads bombard us daily - television, billboards, search engines and websites, apps, print and radio. Brands seek ways to break through this noise, to create a buzz and drive consumer demand for their products. In this pursuit, advertisers sometimes invest in sponsoring a big event, a famous individual or a team to leverage fans' excitement to promote the sponsor's brand. Events like the Olympic Games, the World Cup and the Super Bowl, to name a few, attract corporate sponsors that pay large sums, often in the hundreds of millions of dollars, to gain greater exposure for their brands. Sponsorships typically confer exclusive rights in a category to the sponsor, which can advertise itself as the official sponsor in that category, e.g., the official soft drink of the event.
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