Companies set to spend $65.8bn on sponsorship deals in 2018

Companies are set to spend $65.8 bn on sponsorship deals in 2018, says WARC / Premier League

Money spent on sponsorship deals are set to rise 4.9% this year, with most of the cash going on sports as it offers engaged, multi-screen audiences, according to data by the World Advertising Research Center (WARC).

The report further highlighted how brands and companies are set to spend $65.8bn on sponsorship deals in 2018 without being sure of the return on investment (ROI).

North America will receive the greatest share of sponsorship money from brands, with $24.2bn followed by Europe with $17.6bn, Asia-Pacific with $16.6bn, Latin America with $4.6bn and the Middle East and Africa with $2.8bn.

For example Facebook recently acquired £200m Premier League broadcast rights for south-east Asia in landmark move meanwhile, at the 2014 Winter Olympics in Sochi, official sponsors got out an average of $25.8m each.

WARC surveyed 500 executives globally and found that 37 % of people have a standard way to measure the impact of sponsorship, with digital and social media analysis methods.

Join us, it's free.

Become a member to get access to:

  • Exclusive Content
  • Daily and specialised newsletters
  • Research and analysis

Join us, it’s free.

Want to read this article and others just like it? All you need to do is become a member of The Drum. Basic membership is quick, free and you will be able to receive daily news updates.