Thinking about licensing? Here are Four Tips to launching your property

I recently returned from Licensing Expo, the largest trade show for owners and buyers of character properties and brands. As the licensing industry evolves to keep up with a flood of content and the fragmentation of media, what is the evaluation process for new ideas and new properties?

While content remains paramount when evaluating a property, the industry is now relying more on “engagement.” That is, how engaged your followers are with the property. It wasn’t too long ago when the litmus test for property viability was about reach and frequency. Now that social media business models have figured out how to sell page views and boost posts, that metric has stepped aside in favor of engagement – likes, re-tweets, shares and so on.

When you strip away the veneer of big studios, and the giant budgets of entertainment brands, what are the common denominators for properties trying to break through? Here are four main themes that run true to both character and art properties:

  • Engagement is key in a way that has meaning. Does your story or art connect with the end user?
  • Authenticity is essential. Is the property is relatable and identifiable?
  • Content should be applicable across multiple platforms. Traditional properties should not overlook new media and vice versa.
  • Above all, tell a good story.

    Remember the Teletubbies?
    Remember the Teletubbies?

While there is no surefire formula to success in licensing, look around and you’ll see these benchmarks apply equally to properties that have stood the test of time and to new properties that are just being discovered.

 

5 Myths About Licensing That Every CMO Should Know

Jeff does a great job debunking some of the more popular misconceptions about licensing. All you PR and advertising professionals take notice too. Licensing is another creative way to grow your client’s brand using limited resources.

https://www.linkedin.com/pulse/5-myths-licensing-every-cmo-should-know-jeff-lotman?trk=hp-feed-article-title-like

Cinnabon

No Trademark for Dia del los Muertos

Dia del los Muertos Merchandise
Dia del los Muertos Merchandise

In case you missed this bit of trademark overreach, Disney attempted to register the name “Dia del los Muertos”, for merchandise rights from an upcoming Pixar movie. Trouble is, that’s the name of the traditional Mexican holiday “Day of the Dead” and trademarking a cultural holiday is a no-no. In the face of social media backlash, Disney withdrew the application. In the end, the film “The Book of Life”, a fantasy-adventure set against a Mexican “Day of the Dead” backdrop and directed by Mexican-born Jorge Gutierrez, is beating Pixar to theatres with its debut this week.

http://bigstory.ap.org/article/latino-activists-disney-cant-trademark-holidays

http://www.huffingtonpost.com/2013/05/09/disney-day-of-the-dead_n_3246317.html

 

Ultimate in Brand Extension

Armani-Casa
Armani-designed condominium

An ever-increasing number of major corporations are using their corporate trademarks and brands to build marketing visibility for their core brand by licensing its use in non-core business. Nowhere is this more evident than in South Florida with this latest in luxury brand extensions.

http://www.miamiherald.com/news/business/real-estate-news/article1975599.html