Tag Archives: entertainment

Funko Launches Cereal Brand

Successful brand extensions can be a tricky to accomplish. Brands usually have a strong identity, and are often associated with a single or unique product line. Extending the brand into a new area or industry can be difficult, expensive, and not always successful. The best brand extensions stay true to their original brand identity and market spaces. For example, Coca-Cola can take its strong global brand to include beverages other than sodas, but it would certainly struggle to extend its brand to a new industry such as entertainment.

A new brand extension is underway by Funko, known for its Pop! bobblehead toys and characters. The new entry by Funko is for a line of cereals – FunkO’s – that will have a retro flair and (of course) include a toy collectible in the boxes. The first line will have more than 40 characters and each cereal will have an exclusive U.S. retail partner (not at grocery stores).

The cereals arrive this summer with a suggested retail price of $7.99. The cereal product line will continue the Funko tradition of distributing collectible figures with fun designs. Each cereal box will include mini Pocket Pop! figures and the packaging will have activities, puzzles, and games.

The first releases are expected in July and August, and include:

  • Mega man FunkO’s (at GameStop)
  • Cuphead & Mugman FunkO’s (at Hot Topic)
  • A Nightmare on Elm Street’s Freddy Krueger FunkO’s (at f.y.e.)
  • The Lord of the Ring’s Gollum FunkO’s (at Box Lunch)
  • Beetlejuice FunkO’s (and Box Lunch)
  • Huckleberry Hound FunkO’s (at Funko.com)

Let’s grab a box, munch, and watch cartoons!

Group Activities and Discussion Questions:

  1. Poll students: Who eats cereal? What type? Who buys Funko products?
  2. Show Funko’s Web site and the new product line: https://www.funko.com/blog/article/introducing-funko-s-putting-the-fun-back-in-breakfast
  3. Discuss competition: what are the direct competitors for this product? Indirect competitors?
  4. Divide students into teams. Have each team compare FunkO cereal product with a competitive product. What are the points of difference (what makes FunkO cereal different from competition)?
  5. Debrief the exercise.

Source: Guess who’s coming to breakfast? This summer, FunkO’s cereal. (2 July 2018). Brandchannel.com

 

Leave a comment

Filed under Classroom Activities

Cirque du Soleil Goes to the Mall

There are days when walking around the local shopping mall can seem like a walk amidst a ghost town. Is it due to the impact of online shopping? Or is it boredom with the same old retail experience? Are shopping malls dying?

To help shake up the routine mall experience, Cirque du Soleil is taking its show on the road and directly to consumers through a new concept called CREACTIVE, an indoor family entertainment experience. CREACTIVE will be installed in indoor centers and offer a variety of Cirque du Soleil activities such as bungee jumping, aerial parkour, wire and trampolines, juggling, dance, circus track activities, and more.

The new venture offers entertainment experiences that can help turn malls into more exciting destinations, and also fill the growing list of empty spaces that once held anchor tenants. Collaboration between the organization and retail spaces can help bring more consumers into the spaces, and help the retail spaces become more important to the families in their communities.

Is this the future of retail?

Group Activities and Discussion Questions:

  1. Poll students: How often do they go to a mall? What was their last experience at a mall?
  2. Show CREACTIVE in use at Club Med locations: https://www.cirquedusoleil.com/club-med-creactive
  3. Discuss the four primary marketing strategies: market penetration, market development, product development, and diversification.
  4. Which strategy is being used for the new CREACTIVE performances? Why?
  5. Divide students into teams. Have each team select one of the four different strategies and explain why that strategy could be used to market Cirque du Soleil in retail locations.
  6. Debrief the exercise.

Source: Cirque du Soleil is coming to shopping malls in 2019. (15 June 2018). Brandchannel.com

Leave a comment

Filed under Classroom Activities

Uncle Drew – The Movie Hits the Big Screen

Branding knows no bounds. Well, at least it knows when it’s “in-bounds” in this case (on the basketball court)…

It’s here – the Uncle Drew movie has finally arrived and fans have been ecstatic! What began eight years ago as a series of short, online scripted videos by Pepsi MAX has now hit the big screen as a full movie starring NBA star Kyrie Irving as the elderly (but still talented) basketball player Uncle Drew.

The story focuses on how one of the characters drained his life savings to enter the Rucker Classic street ball tournament in Harlem, only to see his longtime rival take over his team. Desperate to win the tournament and regain his money, he stumbles upon “the man, the myth, the legend” – Uncle Drew! What ensues is a road trip to round up Uncle Drew’s old basketball squad and prove that the old guys still have what it takes to be winners on the court. With a supporting cast including great players such as Shaquille O’Neal, Chris Webber, Reggie Miller, Nate Robinson, and Lisa Leslie, the movie features quick moves and plenty of laughs.

The short films are still winners online. All quickly went viral and have remained fan favorites:

  • Part 1, May 2012, 52 million views. Pepsi MAX visits a New Jersey pick-up game where Uncle Drew first appears.
  • Part 2, October 2012, 13 million views. Uncle Drew is on a mission to get his old team back together in Los Angeles.
  • Part 3, October 2013, 22 million views. Uncle Drew visits an underground jazz club in Chicago to convince his old point guard to revisit the game.
  • Part 4, November 2015, 15 million views. Uncle Drew is in Miami settling old scores.

This is likely one of the largest brand promotion projects done by Pepsi. It’s a Pepsi-funded movie based on a character and concept featured in its soda commercials. Like Pepsi, other companies have been increasing their spending on branded content – films that look more like editorial content than advertising. Clever move – consumers accept the story more easily than accept advertising.

It’s all about the buckets, young blood.

Group Activities and Discussion Questions:

  1. This is a great summer case study when students are restless and need some screen time.
  2. Discuss the benefits and expenses of branding. How did the original Uncle Drew accomplish this for Pepsi?
  3. Watch the movie trailer: https://youtu.be/Ept29ceiVfk
  4. If you have not seen the original viral videos, here they are:
    1. Part 1: https://youtu.be/8DnKOc6FISU
    2. Part 2: https://youtu.be/MLyvkBifQ3w
    3. Part 3: https://youtu.be/spDdO_ZB-lE
    4. Part 4: https://youtu.be/ZY6GAOPGuPs
    5. Interview with Drew: https://youtu.be/sW2sobJXI4s
  5. Divide students into teams. Have each team discuss the pros and cons of this brand extension and movie. What should Pepsi, and other companies, do next?

Source: Brandchannel.com

Leave a comment

Filed under Classroom Activities