Ecommerce, technology firms to boost cricket advertising by 15-20% in next 3 years
Cricket advertising is poised to grow 15-20 per cent in the next three years, overcoming a slowdown over the past two years.
“Cricket advertising would grow by at least 20 per cent in the next three years,” said Ousep Joseph of PMG, the sports marketing unit of Madison World, adding that the Paytm deal will open the doors for this new set of advertisers. CricBuzz, the online and mobile cricket news and information company owned by
Times Internet, has just picked up the title sponsorship deal for the test series between India and Sri Lanka starting later this month. “A new set of advertisers has come in to build their brands on the back of the new Indian cricket team,” said Karnik. “Growth will come from the new ecommerce, digital and tech companies,” he added.
Karnik said the first big players were the tobacco and liquor companies, followed by “the Pepsis and Heros of the world.” The cola wars were fought 10 years ago on the back of cricket, followed by telecom five years ago and now, it is the ecomm companies, said Shashi Sinha, CEO of IPG Mediabrands India.
Joseph of PMG said the traditional big cricket spenders won’t entirely exit the game because of its sheer reach.
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