Making the Most of Corporate Endorsement in Nollywood

Making the Most of Corporate Endorsement in Nollywood

The stars have clearly begun to align for Nollywood.  Like the beautiful bride, corporate suitors it seems, have turned out in a duel for the hands of some of Nollywood’s brightest stars. It gets better, many are renewing cool deals.

How much is Monalisa Chinda’s smile worth? According to industry sources, Vita500, a new energy drink from South Korea shelled out N30 million for her face on the energy drink. She was also the face of the Rivers state cultural fiesta and Glo sweated millions it has been reported, to have her as their ambassador. Monalisa’s face is every photographer’s dream and her smile conjures the memory of spring. Monalisa should insure her face.

Perhaps, no corporate entity has demonstrated proven commitment to Nollywood in terms of endorsement than Globacom Nigeria Limited. The telecommunication giant at the last count has appointed close to a dozen Nollywood A-list thespians as ambassadors according to information on their website. In an industry long abandoned by corporate Nigeria, Globacom serves as a refreshing alternative.

The rave seemed to have caught on. MTN Nigeria, the company with some of the most creative advertisements in Nigeria, in the past treated Nollywood with courteous indifference. But recently, Nkem Owoh and Patience Ozokwor have featured in the company’s advertisements. Perhaps the days of the cold shoulder are over.

The use of film stars in the marketing of products is not the exclusive preserve of Nigeria. If anything, we seemed to have taken a page out Hollywood’s playbook. Gwyneth Paltrow has been tapped to be the latest ambassador for Swiss watch brand Baume & Mercier. Natalia Portman will also be the new face of the Miss Dior Cherie. Sylvester Stallone has been chosen as the brand ambassador for luxury pen manufacturer Montegrappa and popular martial arts film star Jet Li has been announced by Swiss Hublot timepieces as their newest brand ambassador.

The use of famous faces as brand ambassadors is not just limited to the use of actors and actresses. Corporations have been known to appoint as brand ambassadors sports men and women who have proven their mettle in the field. Rafal Nadal is a brand ambassador for Georgio Armani.

The use of artistes as brand ambassadors by corporations is with the objective of linking their product to a winning athlete or personality to enhance their image and boost sales revenue. Corporations use these popular artistes as validation for their products and hope to transfer their goodwill and star power so as to influence the fortune of their offerings.

 

Most endorsement deals are designed to offer mutual benefits to both the star and the corporation. Nevertheless, there have been some endorsement deals that went south. At the height of his fame, Tiger Woods was the world’s highest earning golfer and corporations were falling over themselves to have his face on their products until some recent misdemeanors came to light.

Ambassadors of countries usually represent the values of such nations. Hence their personalities are expected to be demure, their actions reasoned and their lifestyles lofty. Similar standards are also expected of brand ambassadors. So beyond the hype and the effect on the bank balance, brand ambassadors must live the values represented by the products they endorse. O.J. Simpson was fired as brand ambassador of Hertz when he was charged with double murder.

It is also pertinent that celebrities who sign the dotted lines in endorsement deals study the content of the contractual agreements and look out for clauses in small print. Most of the deals are worded in such a way that the contract forbids them from other deals or restrict their use of close substitutes to the product they are endorsing. Release terms and other conditionality should be negotiated properly to avoid a conflict of interest.  It also makes good sense to seek legal opinion

When effectively utilized, these endorsement deals can benefit both the artiste and the industry at large. On a personal level, it provides a source of income and boosts the popularity of such artistes especially when the terms include billboards and advertisement in the broadcast media. Endorsement deals like the Glo ambassador provides an avenue to network with those who call the shots in other industries and can be a platform to push innovative ideas for film sponsorship especially those that require a huge budget. When properly harnessed, this could help foster a good relationship between Nollywood and other industries.

 

Isaac Anyaogu, writes and edits feature film scripts.


24 thoughts on “Making the Most of Corporate Endorsement in Nollywood” by isaac anyaogu (@isaac82)

  1. Profile photo of kaycee
    kaycee (@kaycee): Head Wordsmith - 150986 pts

    When is NS going to endorse me as their ambassador or something. Wetin seff @admin?
    We can negotiate a good deal.
    Or is endorsement not the aim of this here post?

    1. Profile photo of isaac anyaogu
      isaac anyaogu (@isaac82): Writer - 8098 pts

      I think you can make a good case for it Kaycee

  2. Profile photo of obi onyinye anne
    obi onyinye anne (@obionyinye): Junior Writer - 3962 pts

    Nice one….u have a good msg and your writing is quite good.One problem i hv with endorsements is using d wrong person 4 d wrong products.How do u explain using Drogba as pepsi ambassador when sugar is nt good 4 footballers.Endorsements are good ventures advertise bt it should be realistic.

    1. Profile photo of isaac anyaogu
      isaac anyaogu (@isaac82): Writer - 8098 pts

      Thanks… and for the Drogba debacle, I think they are just concerned about peddling his star power

  3. Profile photo of obi onyinye anne
    obi onyinye anne (@obionyinye): Junior Writer - 3962 pts

    abi oooooo

  4. Profile photo of Jaywriter
    Jaywriter (@jaywriter): Junior Writer - 1988 pts

    Good article

    1. Profile photo of isaac anyaogu
      isaac anyaogu (@isaac82): Writer - 8098 pts

      Thanks

  5. Profile photo of Eletrika
    Eletrika (@babyada): Wordsmith - 37118 pts

    Always bringing us news from Nollywood. Thanks.

    1. Profile photo of isaac anyaogu
      isaac anyaogu (@isaac82): Writer - 8098 pts

      You’re most welcome

  6. Profile photo of rawlingsunday
    rawlingsunday (@rawlingsunday): Junior Writer - 1747 pts

    Nice work.

    1. Profile photo of isaac anyaogu
      isaac anyaogu (@isaac82): Writer - 8098 pts

      Thanks bro

  7. Profile photo of Tola Odejayi
    Tola Odejayi (@TolaO): Wordsmith - 37887 pts

    @isaac82, the subject of the article is interesting, but I wish you had provided more info about what is driving these deals. Why have they become more popular – are the actor’s agents being more active? Do the deals really work for the sponsors? What determines the worth of the actor in the sponsorship deals? And what will the ordinary watcher of NHVs get out of this?

    1. Profile photo of Seun-Odukoya
      Seun-Odukoya (@Seun-Odukoya): Head Wordsmith - 104540 pts

      My sentiments EXACTLY.

      1. Profile photo of isaac anyaogu
        isaac anyaogu (@isaac82): Writer - 8098 pts

        Tola, thanks for taking time to read the article. These deals have always been there but in recent times they seem to have been increasing. I admit I could have researched more to find out why they are on the rise but that is not the focus of the article. I am affiliated with Nollywood and my objective is to inspire more corporations to engage in such deals as the benefits are mutual. If the deals don’t work, why do it? The objective is to get the ordinary watcher of NHVs to patronise their products.

  8. Profile photo of Seun-Odukoya
    Seun-Odukoya (@Seun-Odukoya): Head Wordsmith - 104540 pts

    “conjures the memory of spring”

    As I be Nigerian born and bred nko? Wetin I sabi of spring?

    Interesting article.

    1. Profile photo of isaac anyaogu
      isaac anyaogu (@isaac82): Writer - 8098 pts

      I am sure you understood what I meant

  9. Profile photo of Afronuts
    Afronuts (@Afronuts): Head Wordsmith - 65599 pts

    Interesting article…its good to know that Nollywood is ascribing value to itself…and with all these endorsement opportunities springing up, the value of artistes too should go up because soon the international market would begin to notice them.

    Then the days of philandering marketers who shortchange them would be over.

    1. Profile photo of isaac anyaogu
      isaac anyaogu (@isaac82): Writer - 8098 pts

      Thanks Afronuts for your interesting comment, be assured that the feeling is mutual

  10. Profile photo of Lawal Opeyemi Isaac
    Lawal Opeyemi Isaac (@easylife2): Scribe - 11385 pts

    A good article.Quite informative.I have learnt a few things.

    Well done!!!

    1. Profile photo of isaac anyaogu
      isaac anyaogu (@isaac82): Writer - 8098 pts

      Thanks Lawal for reading the article and I am happy to have been of service

  11. Profile photo of Igwe
    Igwe (@igweaj): Scribe - 10305 pts

    Nice article.

    1. Profile photo of isaac anyaogu
      isaac anyaogu (@isaac82): Writer - 8098 pts

      Thanks Igwe

  12. Profile photo of Raymond
    Raymond (@raymond): Head Wordsmith - 48531 pts

    I agree with @TolaO. I thought U were going to focus more on the Nigerian situation, but U just veered off the path. Good article, but should have been more in-depth.

  13. Profile photo of mikeeffa
    mikeeffa (@mikeeffa): Writer - 8271 pts

    may God guide our stars to be wise and fall into the hands of sharks. nollywood stars should look before they leap do not allow your case to be like that of philip osondu- take care.

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