News ReleaseGen Z's Buying Power Unlocked Through Influencer Marketing and Gaming
MarketJar
Marketing has come a long way since its early days, but its basic concept remains– to promote a business’s products or services. In the past, marketers relied heavily on impersonal, broad campaigns such as print ads, TV commercials, and billboards. But times have changed and marketing to younger generations is a completely different ballgame. Gen Z already makes up a significant portion of the buyers shopping and purchasing from today’s businesses in every industry. Soon, they’ll become the largest group of consumers in the market overall. The problem is, effectively marketing to this “woke” generation can be challenging. Gen Z consumers have very different life experiences, buying habits, priorities and world views than previous generations. They’re also digital natives, spending an average of 2 hours and 55 minutes per day on social media, more than any other generation The secret weapon to captivating this influential cohort? Influencer marketing. Influencers on platforms like TikTok, Instagram and YouTube are not just entertainment; they play a pivotal role in Gen Z’s decision-making processes with approximately 45% of Gen Z consumers being influenced by these platforms. Just look at how brands like Crocs and Stanley have reinvented themselves through influencer collaborations, proving that direct consumer dialogue can turn a sleepy brand into a viral sensation. Rather than investing heavily in traditional advertising to engage Gen Z, Crocs CEO Terence Reilly tapped into the power of collaboration, allowing its consumers to lead the conversation. The brand partnered with influencers who created content showing their peers how to style the shoes, turning a once-mocked brand into a fashion statement. Reilly used the same technique at Stanley, transforming the 110-year old business into a $750 million titan with a massive social media presence. Video game streamers are also becoming valuable brand ambassadors as Gen Z swaps out traditional sports for video games. Esports, aka competitive video gaming, may have started out as a niche hobby but it has transformed into a global phenomenon and created a new category of celebrity influencers, some of which are signing deals bigger than NBA players. In 2024, the global esports market is expected to reach $2.5 billion in revenues with an audience of over 540 million. Sports teams and brands are taking note, teaming up with video game streamers to expand their audience and revenue streams. A prime example is the NBA 2K League, a professional gaming league centered around the NBA 2K video game series. This league, managed by the NBA, has not only attracted diverse players but also garnered substantial viewership. Several teams, like the Golden State Warriors and the Houston Rockets, own their own NBA 2K League franchises. Even Steph Curry is investing in this hot industry. Another company fully embracing the power of influencer marketing is OverActive Media (TSXV:OAM) (OTC:OAMCF), a global esports and entertainment company catering to today’s generation of fans. Through strategic acquisitions, OverActive Media has created a global esports powerhouse with a noteworthy roster of influencers and brand partnerships. OverActive Media Builds a Worldwide Esports Empire Boasting Over 100 Million Followers OverActive Media is Canada’s largest esports ownership group with a roster of wildly popular professional esports teams with a huge following, including the Toronto Ultra in Call of Duty League, the MAD Lions for the League of Legends EMEA Championship and the Toronto Defiant in the Overwatch Champion Series. OverActive Media (TSXV:OAM) (OTC:OAMCF) just completed the acquisition of Spanish Esports organizations KOI and Movistar Riders, catapulting its presence into rapidly expanding international markets with a treasure trove of unparalleled esports assets and over 100 million followers. KOI, co-founded by Twitch streamer Ibai Llanos and soccer legend Gerard Piqué, quickly became one of Europe's premier brands. Gerard Piqué initiated the Kings League, a highly followed sports channel on digital platforms with over 100 million views in 2023. OverActive Media has secured service contracts with both Ibai and Gerard. Movistar Riders, which competes in popular games such as League of Legends, CS2, VALORANT, and FIFA, brought with it a long-term multimillion dollar partnership with telecom leader Telefónica, which was renewed for another three years following the acquisition. KOI and Movistar are expected to add C$10 million to C$12 million in revenues in 2024 and further bolster OverActive Media 's rising viewership numbers. The newly formed MAD Lions KOI team has already seen record crowds, drawing 741,000 peak viewers in a regular season match during the League of Legends EMEA Championship (LEC) Winter Split in January. This was the highest viewership since summer 2021. Co-founder Ibai also contributed to this momentum, attracting over 4.7 million Twitch views, surpassing the 2.93 million viewers of the Succession series premiere. Another milestone was achieved on February 18 during the LEC, with a record 830,816 viewers, the highest ever for a regular season match. OverActive Media also just received the green light from Riot Games to compete in the VALORANT Champions Tour EMEA 2024 season. The company will operate as Movistar KOI alongside 9 other teams. This participation not only enhances fan engagement and draws in sponsorships but also paves the way for new revenue opportunities. Click here for more information about OverActive Media (TSXV:OAM) (OTC:OAMCF). [1] https://www.newyorker.com/culture/infinite-scroll/how-the-stanley-cup-went-viral [2] https://www.statista.com/outlook/amo/esports/worldwide#global-comparison [3] https://www.kemperlesnik.com/2020/10/why-athletes-are-investing-in-esports/ Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, OverActive Media. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by OverActive Media’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by OverActive Media’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-oam. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 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Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding OverActive Media’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. 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March 07, 2024 08:30 AM Eastern Standard Time
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