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WrestleMania pulls in a record $20 million in sponsorships as the WWE could prepare to go up for sale
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WrestleMania pulls in a record $20 million in sponsorships as the WWE could prepare to go up for sale
Jan 18, 2024 7:32 PM

  WrestleMania, WWE's premier annual event often likened to the Super Bowl for sports entertainment, is set to draw in a massive audience and record-breaking sponsorship revenue this year. Craig Stimmel, WWE’s senior vice president and head of global sales and partnerships, revealed that sponsorship income for WrestleMania 39 has doubled to over $20 million, marking an unprecedented high for any WWE event. This surge in revenue is particularly significant as the company's founder and majority shareholder, Vince McMahon, recently announced the possibility of WWE being put up for sale.

  Marketing experts view WWE as an attractive platform for brands due to its diverse and dedicated fan base, which spans various age groups, income levels, and global regions. T. Maxwell from Max Sports Marketing highlighted the lifelong loyalty of WWE fans, providing brands with a unique opportunity to form lasting connections.

  To maximize marketing potential, WWE has been creatively integrating sponsors into its events. At a January premium live event, they featured a single brand (Mountain Dew) across multiple facets of the show, including the ring canvas, post-show press conferences, and by aligning the product launch of "Pitch Black" with a dark-themed match. Last year, wrestlers also incorporated sponsor colors into their gear during WrestleMania.

  This year's WrestleMania 39, taking place over two days at SoFi Stadium near Los Angeles, boasts 12 sponsors, six of whom are returning from last year's event. The event will feature innovative ways of incorporating sponsors, such as through match sponsorships, interactive experiences that blur the lines between the live and televised experience, and augmented reality integrations.

  WWE's expanding presence on social media platforms like YouTube, TikTok, and others has not only attracted more viewers but also provided sponsors with additional avenues to engage with consumers. The company's impressive digital footprint includes billions of video views, millions of subscribers on YouTube and TikTok, and a substantial following for its female wrestlers on social media.

  The timing of WrestleMania, occurring between NFL and MLB seasons, further positions WWE to capture a larger share of the sponsorship market. With its multifaceted approach to content distribution and engagement, WWE offers brands an entire entertainment ecosystem where they can effectively push their marketing messages across multiple channels. As Stimmel puts it, "WrestleMania is our Super Bowl."

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