New brands jump at endorsement deals with influencers, celebrities: study
Briefly

Celebrities and influencers remain central to marketing strategies, with many brands entering endorsements for the first time to engage target audiences; 38% are in consumer, food, or apparel.
The '2024 Celebrities & Influencer Report' indicates that despite new brands entering the endorsement landscape, only 4% pursued multiple deals, showing hesitance among newcomers to diversify.
In the evolving endorsement landscape, cosmetics leads with 68 deals, while influencers drive follower growth, with 70% of top 100 celebrity gains attributed to them.
Influencers like Jimmy 'MrBeast' Donaldson have shown remarkable followers growth, highlighting the shifting dynamics in audience engagement where influencers increasingly rival traditional celebrities.
Read at Marketing Dive
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