Talent, entertainment co WME appoints first-ever CMO (Score 59)

Sales lead: This company signals it is more committed to marketing by appointing its first CMO. 

  • WME created a new position by naming Ginger Chan CMO in April 2023. 
  • Chan joins from parent company, Endeavor, where she served as consumer communications SVP.
  • She is responsible for corporate marketing, event presence, digital, client marketing, & social media. 

Target demographic: Artists & creators seeking representation

The company will likely: 

  • Start investing in national marketing again
  • Increase promotional activity
  • Seek agency assistance

Digital and social insights (digital ad spend, effectiveness, impressions, and performance)

  • YTD spend: WME has not allocated any budget toward digital display ads since 2021.
  • 2021 spend: The company spent around $49.5k on digital display ads in 2021. 
  • 2021 data: 16.9m impressions via desktop display (97%) and mobile display (3%). 
  • Ad location: It placed 89% of these ads indirectly through Google AdX+AdSense onto sites such as foxnews.com, listenonrepeat.com, milb.com, slickdeals.net, and ted.com. It placed 11% of these ads directly onto sites such as youtube.com, towleroad.com, and dawn.com. 

Agency analysis:

  • Opportunity: Contact the new CMO to see if she plans on outsourcing any marketing responsibilities. 
    • WME does not currently work with any agencies to the best of my knowledge. 

Insight Sources: Digital spend insights estimated by Pathmatics