Mega big expertise company CAA introduced final week its sale of a majority stake to Artemis, an funding agency led by Francois-Henri Pinault.
When you don’t know Artemis, you’re not alone. However you do know the manufacturers owned by its luxurious items group – Gucci, Saint Laurent, Balenciaga, Alexander McQueen, Christie’s public sale home.
Now, what does that massive information in Hollywood need to do with you as a marketer?
CMI’s chief technique advisor Robert Rose shares the massive takeaway and extra on this week’s CMI Information video. Watch it under, or hold studying for the highlights:
CAA has been the largest expertise company in Hollywood for a while. It gi-hugic standing (sure, that’s Robert’s technical time period for it) after acquiring ICM Partners a yr in the past. CAA represents nearly everyone on the superstar A-Checklist – Tom Hanks, Brad Pitt, Steven Spielberg, Zendaya, Ryan Murphy, Margot Robbie, Samuel Jackson – and sports activities stars, comparable to Cristiano Ronaldo, Aaron Rodgers, and Dwayne Wade.
But it surely’s not CAA’s shopper checklist that’s so spectacular. It’s a powerhouse as a result of it constructed media companies with assembled expertise. It devoted a division, CAA Ventures, to create media startups throughout industries, together with advertising and content material advertising with CAA Brand Studio.
Mega talent agency @ConnectVentures became a powerhouse by building media businesses with assembled talent, says @CMIContent via @Robert_Rose. Click To Tweet
Luxurious manufacturers innovate the enterprise of content material
However what does all that – and Artemis’ majority acquisition of CAA – need to do with content material advertising?
“Over the previous few years, luxurious and vogue manufacturers, the core staple of Artemis’ holdings, have leaned exhausting into digital content material and act extra like media and expertise manufacturers,” Robert says.
Gucci has been one of many extra pronounced success tales with its experience-building and partnerships with superstar influencers, comparable to Harry Styles. It options environmental, variety, and different world points in media-driven experiences.
Earlier this yr, Saint Laurent launched a movie studio. Its first movie, Unusual Approach of Life, starring Ethan Hawke and Pedro Pascal, premiered on the Cannes Movie Competition.
On the core of those endeavors is content material advertising. However these manufacturers aren’t simply creating content material; they’re working as media firms.
Luxury brands like @Gucci and @YSL aren’t just creating #content; they’re operating as media companies, says @CMIContent via @Robert_Rose. Click To Tweet
The CAA acquisition places all of it collectively – luxurious manufacturers with entry to the perfect superstar influencer expertise in a company with huge experience in packaging new options and creating profitable synergy between product manufacturers, celebrities, and enterprise operations.
“The way forward for companies and content material advertising is to undertake full-scale media operations. It’s simply beginning with these luxurious manufacturers,” Robert says.
Way forward for media from non-media manufacturers
Sure, even when you’re within the B2B monetary companies, well being care, manufacturing, and many others., house, full-scale media operations are the longer term. They’re uncommon, although not unprecedented, at this time.
Arrow Electronics, the tech producer and distributor, acquired 53 electronics engineering web sites, magazines, and occasions. It created an organization referred to as AspenCore to publish these entities and present model content material options.
Yes, even if you’re in the B2B space, full-scale media operations are in #marketing’s future, says @Robert_Rose via @CMIContent. Click To Tweet
Two years in the past, Salesforce launched Salesforce+ not simply as a streaming community however as a devoted group throughout the firm liable for producing, packaging, and placing collectively sequence to take a seat alongside the content material they syndicate from different sources.
In the previous few weeks, company big McCann launched a social and creator content studio. The Enviornment Group, writer of Sports activities Illustrated, and others launched a content creator community. And the coloring crayon model Crayola launched a kids and family content studio.
These main indicators prompted Robert to consider what other forms of manufacturers will launch content material fashions like these.
“Who would be the innovators in monetary companies, well being care, manufacturing, expertise, development, engineering, or actual property,” he asks. “Who will create, purchase, or construct a gaggle that may function like a media firm – packaging collectively expertise, manufacturers, and media ventures meant to create ongoing operations that differentiate and create engaged audiences?”
Who will observe the pondering shared by luxurious model advisor Robert Burke in The Drum’s piece on the CAA deal: “There isn’t any separation between vogue and leisure anymore.”
It’s nonetheless early, however the identical is true in your business. There’s no separation between participating audiences and your business. Robert explains: “See that is the chance to not solely act like a media firm to optimize your advertising however to function as a media firm to optimize your small business.”
What do you suppose? Tag me on social @Robert_Rose and use the hashtag #CMWorld.
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Cowl picture by Joseph Kalinowski/Content material Advertising and marketing Institute