GumGum Helps Brands Understand Sponsorship Values
The New Orleans Saints and New Orleans Pelicans have signed season-long partnerships with GumGum Sports to help brands better understand the value of their team sponsorships. The artificial intelligence and computer vision company quantifies the exposure brand partners receive across television, streaming and social platforms; qualifying impressions by clarity, prominence and share of voice. Their proprietary methodology then assigns a dollar value to a given sporting event based on the cost of buying equivalent reach/engagement. The compressive sponsorship measurement tool enables brands to maximize ROI.
Howie Long-Short: GumGum Sports is a division of GumGum Visual Intelligence, a company that has raised $36 million dollars to date. The only public company to have invested in the in-image ad company though, has been Morgan Stanley (MS). Nielsen (NLSN) is also playing in the machine-learning sports media valuation space. The company acquired the Israeli competitor vBrand back in August.
Fan Marino: The Saints and Pelicans have had a busy November. Earlier in the month, the teams announced a partnership with SeatGeek; making the online ticketing company the primary ticketing platform of New Orleans sports, beginning next season. They become the first NFL & NBA teams to sign-on with the upstart company. Saints officials were recently quoted saying they were looking for a more fan-friendly, hassle-free ticketing experience; a dig at long-time partner Ticketmaster (LYV).
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