What’s old is new again with BMW’s new drive into podcasts. The auto giant, which back in 2001 was one of the earliest advertisers to foray into branded content with BMW Films, is creating serialized podcasts that hark back to one of the earliest forms of sponsored content — soap operas.
In its latest podcast series called “Hypnopolis,” listeners can follow the story of Hope Reiser who awakes from a 30-year sleep in the year 2063 after being convicted of murder. She is convinced, however, of her innocence and suspects the real murderers have been waiting for her to awake and are watching her. Hope’s search for the truth plays out over six episodes of 15 to 20 minutes each. Save for the BMW presents strapline for the series, there will be only subtle nods to the company throughout each episode.
“There won’t be any product placements in the episodes nor will there be any bold marketing messages from the brand,” said a spokeswoman for BMW. Instead, references to BMW will come as “secret hints” that the spokeswoman said only the most die-hard fans will notice.
“We wanted to use this series to show our vision of the future when it comes to the development of cities and mobility within them,” said the spokeswoman.
Branded podcasts are nothing new. Slack, McDonald’s, McAfee and Basecamp have also produced their own podcasts to varying degrees of success. But save a few examples, there have been very few branded podcasts that focus on a fictional, original idea.
Often, advertisers have preferred to produce factual-based shows that revolve around interviews with guests. While those shows can make an impact, especially with a high profile presenter attached, BMW felt it needed to focus on long-form narratives to stand out in a market teeming with studio chat formats. So much so that it hired award-winning author Robert Valentine to develop its original concept for the podcast into a screenplay.
“Podcasts are a fast-growing market and we knew that if we went with the typical approach to branded shows that we might not be able to attract many listeners,” said J?rg Poggenpohl, global head of digital marketing at BMW Group. “We decided we wanted to treat the medium as if it were like Netflix for ears in the sense that the priority was to create an entertaining fictional series.”
Should the series prove successful then a second batch will follow, said Poggenpohl. Doing so would establish the Hypnopolis original production alongside BMW’s earlier branded podcasts “Changing Lanes,” “Creators of a Different Beat” and “KulturMobile”. Of those four shows, Changing Lanes is the most popular, said Poggenpohl, who pointed to its more than 100,000 followers as proof.
Poggenpohl declined to say how much those podcasts could cost, though production costs are a fraction of the amount of capital needed to produce a TV ad. Indeed, a branded podcast could range from about ?2,000 ($2,526) to over ?12,000 ($15,157) per episode in terms of production, said Max O’Brien, founder of podcast agency Novel.嗅觉营销?嗅觉营销
While BMW has advertised in podcasts via sponsorships as recently as last year, Poggenpohl said the effect of those buys can be limited.
“Do you really listen to those ads when they come on? I just try to skip them,” he said.
His rationale being that branded podcasts are more likely to get BMW’s messaging across to listeners than a typical ad would. It’s why the advertiser is pouring money into esports in the hope that it could reach those younger audiences who consume a significant portion of their content online.
“Podcasting, therefore, offers brands the chance to communicate in long-form to an audience who’d never dream of dedicating 20-30 mins of their busy lives to a piece of video branded content,” said O’Brien.
That said, there’s still value in being able to reach those people who are engrossed in listening to a show with an ad as evidenced by Omnicom’s decision to invest $20 million upfront into podcasts on Spotify over the second half of 2020.
“Ultimately what’s driving the shift towards podcasting for brands is their appreciation of the power of audio storytelling, as well as the realization that podcasts are consumed in “found time” — listening to audio whilst engaged in another task,” said O’Brien.
Funding those podcasts will be at the expense of BMW’s other media channels. As Poggenpohl explained: “This isn’t going to be funded by incremental investments. We shifted money around within the global marketing budget to fund the new series.”
Other advertisers like Kraft Heinz and Vodafone are also producing branded podcasts over the summer.
A surge in traffic helped, but tightening the paywall, improving its onboarding and engagement strategy, and focusing on retention have played roles too.
Egan discusses green shoots and how publishers’ relationships with platforms are shifting.
While the Alexa-powered in-car experience is novel, it’s the link to the wider Amazon platform that has Buick’s marketers excited.
Compressing consumers’ path-to-purchase is the holy grail of advertising and marketing. When Jeff Bezos authored 1-Click in 2011, advertisers began to realize that in some cases — especially for consumables — awareness, consideration and purchase can all happen in seconds. Since then the rise of e-commerce marketplaces has forced a major shift in the design […]
The engagement is now off —and publishers have expressed surprise, but also some relief that the two companies are back to being fierce competitors.
One of the affected publishers included the Danish Broadcasting Corporation, which does not run any ads on its site.