Product Placement in Movies Will Double from 2005 to 2010
From Phoenix New Times:
“A study released by the Department of Research and Economic Affairs at Arizona State University found that subliminal advertising through product placement in movies is becoming more effective than ever, which of course means advertisers are going to start doing it…a lot.”
Among other benefits, the professors at ASU observed a dramatic rise in the stock prices of company’s that successfully executed product placement in movies. Brands invested $722 million in product placement in movies in 2005. By 2010, the ASU team estimates spending will rise to $1.8 billion.