Friday, September 20, 2024
HomeMarketingMorgan Stanley Is Profitable With Serena Williams and Disney

Morgan Stanley Is Profitable With Serena Williams and Disney


When a model like Morgan Stanley desires to assist inform one of the compelling tales in sports activities, it doesn’t want a person within the area: It wants the best of all time.

Serena Williams retired from tennis in 2022 with 23 girls’s Grand Slam singles titles, 18 Grand Slam doubles titles, 4 Olympic gold medals and almost $95 million in winnings. This summer time, Morgan Stanley signed on because the presenting sponsor of an eight-part ESPN+ documentary by which she displays on her athletic profession.

“Final 12 months, we introduced on our upfront stage that we started manufacturing on a groundbreaking venture with world-class athlete Serena Williams,” mentioned Mike Denby, svp of gross sales for Disney Promoting. “Disney continues to amplify girls’s sports activities by our programming, offering distinctive alternatives for advertisers to deliberately decide to the expansion of ladies’s voices in sports activities, and we’re proud to collaborate with manufacturers who’re simply as invested on this mission.” 

The docuseries, Within the Area: Serena Williams, debuted on the Tribeca Pageant in June—which was additionally co-sponsored by Morgan Stanley—and serves as an extension of director Gotham Chopra’s collection that kicked off with the Emmy-winning Man within the Area: Tom Brady in 2021 and 2022. Launched on the pageant with a screening and dialog between Williams and author/comic Amber Ruffin, Within the Area drops its first episode on ESPN+ at the moment, with new installments debuting every Wednesday by Aug. 28.

“Serena is the epitome of somebody with grit and dedication and imaginative and prescient to see what nobody else can see,” mentioned Alice Milligan, CMO of Morgan Stanley. “Partnering along with her made whole sense: She herself has [the] Serena Ventures [venture capital fund] and does quite a bit round serving to the subsequent technology transfer ahead—whether or not it’s within the sport or outdoors of the game—and Morgan Stanley does a number of that as a part of our core values.”

Funding at fault

Morgan Stanley’s involvement comes at a time when model curiosity in girls’s sports activities hasn’t fairly matched fan depth. The corporate pointed to current analysis from Deloitte forecasting girls’s sports activities income to exceed $1 billion in the USA for the primary time this 12 months—regardless of receiving simply 1% to 2% of whole sports activities funding.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments