Can you verify your claims about BMW generating 300 million ONLY from their movie placement? TV and radio is their bread and butter, and as a whole, dominate the market in regards to advertisers expenditures. Both are far more effective than product placement. Thats backed up by decades of Nielson and Arbitron data. Bottom line, if done right TV is by far the most popular and best way to advertise products.
I'm not saying that what you offer is not effective...it is, but youre embellishing heavily on how effective it really is. Any advertiser worth his/her salt know that frequency and staying top of mind sells products. Give me frequency all day every day.
What you offer is a new way to reach the consumer as part of a media mixed based on more proven methods of advertising. Perhaps it would be very effective for products that are already branded with comsumers (coke - bmw), but not for new products that need to tell their story and stay top of mind with consumers.
Actually product placement has been around as far back as when you first see a brand name in a movie in the 1950's. A huge PP story was when M&M's was offered to sponsor the film ET and turned it down. Reece's Piece's jump at the chance and it propelled that product into super stardom with an 65% increase in sales within 60 days of the release of the film. Same with Ray Ban Sunglasses after RIsky Business and Ray Ban Aviator glassess after Top Gun. In the product placement industry publications is where you find this info. Coca-Cola spends more money in PP than any other company. If you seen the movie Over the Top you will see one of the widely used films that took advantage of PP and raised close to $40 million. Brut paid $5 million to have them on the side of the truck as it drove down the road at the end of the movie. The minimum buy in for that film was $160,000.00
The reason companies use PP is to keep their brand visible to the consumers in realistic situations that are shown to a captive audience. PP works great in film because you have an audience that is seating in their seats and are not leaving until the film is done. No commercials! From research they say brand awareness increase as much as 20% from a single PP in the right TV show or film. How many of you heard or seen a Mini Cooper till the ads and film came out called The Italian Job.
Have you ever heard of Red Strip Beer. Before the movie "The Firm" probably not. Within a month of the film's release, sales of the Jamaican beer had increased by more than 50% in the U.S., and Guinness Brewing Worldwide acquired a majority stake in the brewery just a few weeks later for $62 million.
A 30 second commerical on Two and A Half Men cost as much as $500,000. 3 years ago it was almost $300,000. I own a coffee company. We placed our coffee on Two and a Half Men. You can clearly see our bag and label in the background at the coffee shop. We didn't get enough notice or we would have had a great poster in their too. Total time on the screen for our coffee bag was about 20 seconds. We actually had 6 bags on the top shelf behind Charlie. We are also going to be on Hawaii Five-0 and many other shows. This will get our brand name out there. it will show our distributors our support with marketing and promotional assistance.
In regards to the BMW PP. It was 1995 in the James Bond film GoldenEye with the Z3. It was judged the most successful promotion of 1995. This is a quote from BusinessWeek-- "Purists could stomach the discrete promotion of James Bond's hot cars over the years, from Aston Martins to the new Z-3 Goldeneye (1995), which helped BMW turn the roadster's launch into one of the most successful new-car introductions ever." I don't think I said the PP was the ONLY reason it sold that much. But, the TV ads and magazine ads used depicted scenes or shots from the movie. So that too can count as product placement.
Radio sucks. I never believed in it and nowadays how many people actually listen to the radio. The Arbitron for radio is bogus. People are listening to CD's, and MP3 nowadays. There is no form of advertising out there nowadays that can compare in media impressions and exposure and value as PP. That's why nearly every major company takes advantage of it.
Man I just realized how long this is. But I was doing something else too. Sorry