Time Magazine is doing an interesting cross promotion with video game Call of Duty: Modern Warfare 3 by lending it's iconic cover template for a faux cover claiming 'World Stands On The Brink' while Wall Street smolders in the background. Time apparently even helped art direct the cover.
Time says that it's involved in the cross promotion in order to reach a new demographic of customers, while critics have a hard time seeing it really reach gamers and in the meantime it dilutes the brand image. I think Time isn't far off in how their trying to reach a new demographic—the usage of the magazine is appropriate and similar to how it's used in say, product placement in a movie for example. I don't think this treatment necessarily dilutes the brand image any more than that would. If anything, it's reminding them of Time's iconic place in the realm of news magazines.
But there is a catch—if Time is looking for growth in magazine subscriptions and not just awareness we have a problem. Why? Because I don't think too many gamers are the types to buy paper news magazines. They're much more likely to get that news online and given the constant dialogue about the best way for newspapers and magazines will be able to monetize their online operations as print declines. But that's another story...
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