Sport celeb endorsements featuring MS Dhoni, Sachin Tendulkar (R), Sourav Ganguly (L) and Virender Sehwag made a comeback in July-August,.
NEW DELHI: Bollywood has lost out to cricketers—even retired ones--in celebrity advertising volumes on television, according to the latest TAM AdEx data.
MS Dhoni, Sachin Tendulkar, Sourav Ganguly and Virender Sehwag made a comeback in July-August, following apparent disillusionment with movie stars in the wake of controversies roiling the mainstream Hindi film industry. Dhoni announced his retirement from international cricket last month. Sports celebrity endorsement ad volumes rose 17% in the two months from the year earlier.
“The surge in ad volumes of the cricketers is led by Virat Kohli, Dhoni, Sachin, Ganguly and Sehwag. While Kohli has remained at the top of ad volumes, there has been a surge in ad volumes featuring senior cricketers,” a TAM AdEx spokesperson said.
In contrast, ad volumes of endorsements by movie actors dropped 30% from the year earlier in the period.
Industry executives attributed the dulling of Bollywood’s sheen to a combination of factors, including a backlash over events following actor Sushant Singh’s death and anti-China sentiment that’s made the country’s brands wary of showing celebs endorsing their products, while shoots had to be cancelled because of Covid. Big celebrity endorsement deals have dried up since March, and while brands are advertising, they have cut down on high-cost endorsements, industry executives said.
The industry expects the Bollywood pie to shrink further with the issue that’s consumed TV channels and social media expected to escalate in the coming weeks.
“The celebrity endorsement business was already reeling with Covid-driven pressures,” said Manish Porwal, managing director at Alchemist, a celebrity management firm that works with L'Oreal and CavinKare among others. “With the new issues and the possibility of specific celebrity names coming under the law scanner for possible abuse of drugs, we expect an 18-21% further dip in celebrity deals (value terms). We also expect a 30% drop in consumer loss of equity of top 50 stars and a significant drop of usage of commercials already using these celebrities.”
For instance, a report—later denied—that 25 Bollywood A-listers had allegedly been named as drug users by an actress in custody, prompted viral social media calls to stop using the celebrities in ads.
“In general, the general perception about Bollywood has turned negative over recent months for multiple reasons, which is forcing brands to reassess existing associations with actors,” said Tuhin Mishra, managing director of sports marketing company Baseline Ventures, which represents shuttler PV Sindhu and billiards player Pankaj Advani. “Combine that with Chinese brands, which have always been top spenders, stalling exposure of celebrities.”
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While India skipper Virat Kohli has been consistently at No 1 through this year, Dhoni moved to No 2 in July and August, from No 8 in June, overtaking Bollywood actors such as Amitabh Bachchan and Kareena Kapoor, the Tam AdEx data said.
Brands associated with Dhoni said they will continue with him despite his retirement from international cricket.
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“Sunfeast’s association with Dhoni will continue,” said Hemant Malik, ITC chief executive, foods. “He cuts across ages and boundaries and has universal appeal.”
Star Of Brands: Virat Kohli Parts Ways With One, Still Endorses Puma, Audi
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There's nothing Brand Kohli can't do. Team India captain Virat Kohli is known to endorse over 17 brands and counting.
According to Forbes, the world's highest-paid cricketer's brand value is at $14.5 million (approximately Rs 105 crore) , which is higher than that of football icon Lionel Messi, golf superstar Rory McIlroy and Golden State Warriors' Stephen Curry.
While a lot of brands endorses the cricketer, Kohli and one of his long-time association with a brand fell apart.
There's nothing Brand Kohli can't do. Team India captain Virat Kohli is known to endorse over 17 brands and counting.
According to Forbes, the world's highest-paid cricketer's brand value is at $14...
This year, the brand launched Tissot Chrono XL Classic Virat Kohli Special Edition that featured his navy blue logo engraved on its white silk-printed caseback, and a navy blue leather strap enhances the sporty aesthetics of this special edition. The stopwatch number 20 is changed by 18 and stands out in red, representing Virat Kohli's number and the color of the swiss flag.
Virat Kohli became the brand ambassador of Tissot in 2016. However, the three-year long relationship ended in October 2019.
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Virat Kohli only endorses brands he truely believes in. And, he has never shied away from showing his love for Audi. His Audi collection boasts of models like A8, R8, Q7, among others.
In Pic:Kohli with the new Audi R8 V10 Plus
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Men's ethnic-wear brand Manyavar appointed Virat Kohli as its official ambassador in 2016.
Manyavar became the most-preferred brand during weddings and festivals soon after Kohli's wedding with actress Anushka Sharma last year.
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Virat Kohli unveiled his new brand, One8, in association with Puma. The German sports lifestyle company will provide design, product, retail and communication channels for the new brand of apparel, footwear and accessories.
In Pic:The Basket Classic One8 sneaker is designed by the cricketer
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Virat Kohli became the brand ambassador of the clothing line Wrogn in 2015. While it is founded by Universal Sportsbiz (USPL), Kohli co-created the brand.
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Uber officially signed Virat Kohli as its Brand Ambassador in March 2018. Besides being the face of the brand, Kohli has actively been involved in a series of marketing and customer experience initiatives that were rolled out by Uber India.
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Virat Kohli who is passionate about fitness has been the brand ambassador for one of GSK's leading products - Boost Energy - from the Health Food Drinks category for over 5 years. Boost is the secret of Kohli's energy.
Last year, Kohli ended his long-standing association with PepsiCo because of increasing health concerns over sugary drinks.
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In 2017, Virat Kohli joined hands with the Hong Kong-based electronics company – Zeeva, and launched MuveAcoustics. The collection includes a wide range of wireless headphones, earphones and speakers.
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Virat Kholi has been the brand ambassador for MRF Tyres for years now. In 2017, the cricketer renewed his contract with the company for the next eight years. Team India captain also uses the bat sponsorship by MRF Tyres for his matches.
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