Category: Blogs

Over the past year, venue naming rights sponsorships have been a prominent topic generating buzz across the sports and entertainment industry. In May, the highly anticipated Co-Op Live Venue opened its doors in the Northwest, instantly becoming the region’s premier indoor entertainment destination. More recently, one of the UK’s oldest and most historic sports venues, Twickenham, announced a landmark £100m 10-year naming rights partnership with Allianz, sparking a lively industry debate.

As the summer of sport is in full swing, the world of arts and culture kicked off one of its most celebrated events, The Edinburgh Fringe Festival. Brands are presented with a unique opportunity to engage diverse audiences on a global stage. This annual festival, known for its eclectic mix of performances and unrivalled vibrancy, has become a focal point for marketers seeking to elevate their brand presence in an increasingly competitive landscape.

In today’s saturated digital marketing landscape, consumers face an overwhelming flood of messages across various platforms, leading to shortened attention spans and making it difficult for brands to stand out. As traditional advertising struggles to capture attention and create lasting impressions, brands must enhance their sponsorship strategies and harness the power of storytelling to connect with audiences effectively.

In just a few weeks, the 2024 Olympic Games will head to Paris. Despite ranking comfortably within the top three most-watched global sporting events, the Olympics stands apart with its notably brand-free stadiums and field of play. Yet, the absence of visible logos hasn’t deterred sponsors, having generated over $2 billion of annualised spend – a figure more than any other sporting property.

It’s a bumper summer of sport this year headlined by two huge sporting events, Euro 2024, and the Paris Olympics. However, let’s not forget the annual highlight of the tennis calendar, Wimbledon. As the tournament unfolds over the next two weeks, Luscid’s Chief Strategy Officer, Damien Gillman, analyses this prestigious event’s value.

Led by the NFL, the major US sports federations have accelerated their growth on the other side of the Atlantic in recent years. Luscid’s Commercial Manager Ajay Suglani analyses the considerations this will have on sponsorship strategy at brands and rights-holders alike.

Sponsorship marketing has sometimes struggled to gain the same level of trust amongst brand marketers as other marketing verticals. Luscid CEO Harry Coe explores why this may be the case – and what can be done to improve matters.

As audiences engage with their interests and passions more consistently than ever before, Chief Strategy Officer at Luscid, Damien Gillman, emphasises the importance of partnership marketing in helping brands become an organic part of their customers’ daily routine.