Amazon kindle tech will revolutionize corporate sponsorships in Formula 1.
Check out how McLaren is leveraging this unique display technology to take their branding efforts to the next level.
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Motorsports are significant business opportunities, especially at the Formula 1 level, where teams can spend over a hundred million dollars in a single season.
Corporate sponsorships help offset these costs and allow other companies to benefit from a Formula 1 team's efforts.
Placing a corporate sponsor's logo on a Formula 1 race car is a great way to get brand awareness for the company.
Sponsors must compete for placement with limited space on a Formula 1 car — but this technology changes that.
Check out these screen grabs from testing this morning.
The car's cockpit view shows the change in branding the viewer sees around the driver.
In this case, it was the Google Chrome logo and the #Chrome
📸 u/wouldnt-u-like-2know
We've seen this idea before at CES 2022, where BMW demoed an SUV completely wrapped in E-Ink, allowing the vehicle to change its appearance from white to black or introduce different patterns and designs.
This revolutionizes the way sponsors can be featured during a Formula 1 race.
With the new technology, multiple logos can be programmed to appear on the car during specific times, locations, or even depending on the race's progress.
For example, sponsors can pay to have their logo prominently displayed when the car is in first place, or pay more to have their logo appear longer while the car is stopped in the pits.
This unique new technology has nothing to do with the car's performance and everything to do with increasing the profitability of competing in Formula 1.
It is a fantastic way to maximize the return on investment for sponsors and increase sponsorship opportunities for teams.
Of course, having more logos on the car means someone must keep track of the value the sponsors get from these placements.
There are people and companies whose job is to calculate the amount of screen time the sponsor's corporate logo had.
You've seen me use reports like this. They're from @Zoomph, which can track when a logo shows up and how long it is displayed across both social and broadcast.
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Romain Grosjean's incredible story of survival will be on display next month in Madrid, as Formula 1 is putting his burnt car from his 2020 crash on exhibition.
Grosjean was enveloped in a 1000°C fire for nearly 30 seconds.
He miraculously survived ♥️
Thanks to the incredible technological advancements, Grosjean only suffered minor burns to his hands and legs.
The outcome would have been far worse at any other time in history.
The crash that tragically took the life of three-time Formula One champion Ayrton Senna was in some ways similar to the one that Romain Grosjean survived.
Both were incredibly violent, involved hard impacts with a solid barrier, and caused a significant delay in the race.
As the only American team on the F1 grid and who lost the most partners coming into this season, it's great to see Haas pulling in the American sponsorships.
It started late last season with the signing of title partner MoneyGram.
@MoneyGram is a cross-border peer-to-peer payment and money transfer company based in the United States with headquarters in Dallas, Texas.
Next came a surprising deal with Newport Beach, California-based @ChipotleTweets Mexican Grill.
Diamonds may be forever, but they're not immune to a good old-fashioned heist.
What happened with this sponsorship stunt at the Monaco Grand Prix is straight out of the Danny Ocean playbook.
Here's the wild story 👇🏻
In 2004, the Jaguar F1 team was struggling financially.
The pressure was on for the team, entering their fifth season with Ford, the owner, and HSBC, the main sponsor, both expecting more from the team's lackluster results.
Having heard the film "Ocean's Twelve" was in production, Jaguar's team communications director, Nav Sidhu, had a brilliant idea.
Sidhu felt that F1 wasn't doing enough with the promotional opportunities the spectacle of the Monaco Grand Prix presented.
Max Verstappen will pay nearly $1 million to race in Formula 1 this season.
In order to hold a Super Licence, F1 drivers pay a base price for the licence, with their success only adding to the grand total to be paid.
But if you're good, it adds up quick.
The base cost of a Super License costs €10,400 per year.
With zero points last season, these three drivers will be paying the minimum amount this season — Haas' Nico Hulkenberg, McLaren's Oscar Piastri and Williams' Logan Sargeant.
But here's where the success adds up.
Each point a driver scores during the season will cost them €2,100 the following campaign.
In 1999, I started my first e-commerce company: Popular Eyewear.
As a 14 year old kid (blessed with having my father exact name) I was able to use the internet and email to source manufacturers willing to deal directly with my small online retail shop.
Ran that to the point where we offered prescriptions, eyewear for law enforcement and military as well as other optical products.
I had built such amazing relationships with brands that I got early delivery of product and first releases, often before brick and mortars.
I sold Popular Eyewear to a local eyewear shop at 18 years old for $10k.
I also worked 3 jobs: bank teller, bakery helper and waited tables.
18 years old and headed to college with an extra $10k seemed like a lot back then.