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Freakonomics Radio

594. Your Brand’s Spokesperson Just Got Arrested — Now What?

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 27 June 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

It’s hard to know whether the benefits of hiring a celebrity are worth the risk. We dig into one gruesome story of an endorsement gone wrong, and find a surprising result.

Transcript

Click on a timestamp to play from that location

0:00.0

Imagine for a second that you work for a big consumer brand, maybe it's sneakers or fast food or high-end wrist

0:12.0

wrist watches. How do you persuade people that your product is the one worth

0:16.3

buying? No matter how wonderful your sneakers or fast food or watches may be, they are also inanimate objects. They don't have faces.

0:25.0

A watch has a face, but come on you know what I mean. So eventually you may ask

0:30.6

yourself what if I hired a well-known actor or comedian or athlete to endorse my

0:38.0

brand to put a face on it and now potential customers who may not have noticed your brand are going to be like,

0:44.6

ooh, if they like it, maybe I will too.

0:48.6

The practice of Celebrity Endorsement has been around for a long time In the 1760s, the English pottery

0:54.8

entrepreneur Josiah Wedgwood created one of the first luxury brands after receiving an endorsement

1:00.5

from the Queen. In ancient Greece, some of civilization's earliest coins

1:06.3

had images of gods and goddesses like Athena. Who better to endorse a new product like money, which you might otherwise be suspicious of?

1:16.7

But what happens if you attach a celebrity to your product and that celebrity messes up.

1:23.0

Police believe that

1:27.0

that O.J Simpson is in that car.

1:30.0

We've received a report of a gun in the car.

1:32.0

The vehicle is registered to Al-Calling, a former teammate,

1:35.9

close friend of O.J. Simpson's, who has been a fugitive from justice now, almost 12 hours.

1:47.2

O.J. Simpson is just one example of many. Today on Freakonomics radio a case study of another endorsement deal that went terribly

1:52.3

wrong. I mean this is not just a mistake this is a

1:55.0

crime and this is something horrible. So what happens then? We will try to answer that

2:00.6

question starting now.

2:03.0

This is Freakanomics Radio, the podcast that explores the hidden side of everything

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