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Matt Britton
My dad works in B2B marketing. He came by my school for career day and said he was a big roas man. Then he told everyone how much he loved calculating his return on ad spend. My friends still laugh at me to this day. Not everyone gets B2B but with LinkedIn you'll be able to reach people who do. Get a hundred dollar credit on your next ad campaign. Go to LinkedIn.com results to claim your credit. That's LinkedIn.com results. Terms and conditions apply. LinkedIn the place to be to be. Picture this. You're halfway through a DIY car fix, tools scattered everywhere, and boom. You realize you're missing a part. It's okay because you know, whatever it is, it's on ebay. They've got everything. Brakes, headlights, cold air intakes, whatever you need. And it's guaranteed to fit. Which means no more crossing your fingers and hoping you ordered the right thing. All the parts you need at prices you'll love. Guaranteed to fit every time. Ebay Things people love.
Brad Feinberg
We look at where consumers are spending their time. We look at reaching the next generation of legal drinking age consumers as well, and where they're spending their time. And it shouldn't be a shock to most that they're not spending as much time in front of a linear TV cable TV channel as they often were.
Matt Britton
To thrive in a rapidly evolving landscape, brands must move in an ever increasing pace. I'm Matt Britton, founder and CEO of Suzy. Join me and key industry leaders as we dive deep into the shifting consumer trends within their industry, why it matters now, and how you can keep up. Welcome to the Speed of Culture. Update on the Speed of Culture, we're joined by Brad Feinberg, the North American VP of media and consumer engagement. At Molson Coors, Brad has led transformative initiatives for some of the most iconic beverage brands, from Coors Light to Milro High Life. And he's here to give us an insider's look at how Molson Coors is innovating to keep up with the pace of modern culture. Brad, so great seeing you today.
Brad Feinberg
Thanks for having me. Absolutely.
Matt Britton
So we're here at Media Week in New York City. How much time are you spending going to conferences like this? And what do you get out of them?
Brad Feinberg
Probably, I mean, not a large percentage of my time. I probably spend maybe a handful of conferences that I go to over the course of the year, ones that I think that are meaningful, that have opportunities to learn something new, to bring things back to the business, as well as to meet colleagues, attend Board meetings or be inspired.
Matt Britton
Yeah. And when you're at events like this or you're just talking to people in the industry at large, what are some of the things that are on top of everyone's mind heading into 2025 relative to the media landscape?
Brad Feinberg
I'm sure the word that comes out most frequently is AI. But I would just say that changing media landscape in overall and just the thinking of like how marketing organizations are transforming modernizing capabilities and really having a kind of a foot into what the future may look like in terms of the types of capabilities both marketing organizations, both internally and agencies externally need to build in order to achieve success in like a modern era.
Matt Britton
Yeah. And in this modern era, obviously it's so fragmented, but there's still some traditional mediums that are incredibly effective.
Brad Feinberg
Sure.
Matt Britton
So if you look at like the NFL, it's the most watched.
Brad Feinberg
Sure. Live program every year usually is like 80 million.
Matt Britton
Yeah, I know you are at the top, but our audience might not be in terms of like 80 to 90 of the top 100 most live watches against males and females. So let's talk about television and how that plays an important role for your brands.
Brad Feinberg
Yeah. I mean, it has evolved over time, as you would expect. And I like to think, think of my role and what we look at is the intersection between consumer interests and choice and where we think we're going to sell or we're going to create a meaningful exposure to our brands to sell more product. And so it starts with the consumer at the center. And so we look at where consumers are spending their time. We look at reaching the next generation of legal drinking age consumers as well and where they're spending their time. And it shouldn't be a shock to, to most that they're not spending as much time in front of a linear TV cable TV channel as they often were. And so we're reflecting that through the way we kind of go to market and the way we buy media. And yes, linear TV plays a role. Those big culture moments, whether it's live sports or big events that happen on tv are definitely kind of mainstays for our category. And where we're the most relevant, other parts of linear TV are less relevant to where they were.
Matt Britton
The time shifted.
Brad Feinberg
Correct. The time shifted and. Or just not appropriate for that 21 to 25 year old as it once was. You're just not getting them consuming as much of that kind of traditional media as they once previous generations have. And so our media investments has shifted to meet the needs of the consumer. Yeah.
Matt Britton
And when you talk about a 21 to 25 year old, that is Gen Z now.
Brad Feinberg
Correct.
Matt Britton
And you know, so people think of young people as millennials. Millennials are older now. That' and the thing that distinguishes Gen Z is they were the first generation to go up with the iPhone in the household and the smartphone at large, which means that they have a predisposition to staring at their phone for almost anything. And when consumers are on their phone, they're normally looking at content not from traditional broadcast mediums, but from other people, which is where the creator economy comes in. So how has that played a role in your overall strategy?
Brad Feinberg
It plays a role though. It's an evolving approach and strategy for our business and how we think about it. And I would say definitely we have partnerships with celebrities, especially in the area of music and sports, where I would describe them more as like tastemaker, more influencers than like creators that are just creating tons of content. And we have found very effective ways to reach audiences through those partnerships that manifest their way onto those social media platforms and tap into their audiences when available. So things such as partnerships we've had with like Laney Wilson on Coors Light is a good example where we sponsor her tour. Or Patrick Mahomes, probably the most recognizable, well known NFL star today. Yes, we've done some stuff with him, as well as other talent and celebrities across the gamut that show up on social media, that and create this opportunity for consumers when they are scrolling those 21 to 25 year olds, as you mentioned, it creates a bit of a stopping power and an opportunity to kind of try to understand what's going on and bring our brands to life in a different way.
Matt Britton
So when you decide to move ahead with some of the celebrities you mentioned, like Patrick Mahomes, how much data is driving that decision in terms of how their audience and I guess their aesthetic and the things that they're interested in, how it overlaps with your customer, like, how does that decision come?
Brad Feinberg
Yeah, I would say it plays a role that I would though. I would say it takes a back seat to authenticity. And so I think, in my opinion, and I think when we look at it overall holistically as a company too, we're really looking for authentic partnerships. We find and work with talents that have like an inherent interest in the brand or maybe have a previous kind of like experience with the brand or love of the brand. You can't fake that. Right. And so you see that come to life through the talent that I have partnerships with and people like Pac Mahomes and others love the brands. And so because of that, it just comes through so well in the type of work that we do with them.
Matt Britton
Yeah. And besides, obviously sports music is another huge touch point.
Brad Feinberg
That's right.
Matt Britton
I know Miller High Life recently had a collaboration with Teddy Swims.
Brad Feinberg
Correct.
Matt Britton
Who I'm a big fan of. And obviously it's an interesting approach. Music has become so much more fragmented over the years. Platforms like Spotify, but there are still people that can corral a large enough audience. That's right. That makes sense. So I guess talk to that partnership.
Brad Feinberg
Yeah. I mean that goes to my earlier point. So interestingly on that backstory on that is like Teddy Swims reached out to us for partnerships.
Matt Britton
He's a fan of the brand.
Brad Feinberg
He loves the Miller High Life brand. Has always loved the brand since he's been of age. It's something that I think he is quoted as saying that his father loved as well. So like he's got some kind of inherent heritage and like interest in it. So because of that it was kind of an easy way to kind of like work with a partner with a well known celebrity and talent. And again, he wants to go out and promote the brand because of his love of the brand. Like it's a win win for him because he gets the benefits of partnership. It's a win win for us because then we get that borrowed equity and that linkage to that and one of the overlapping interests too for us. And it goes back to like tapping into a brand's purpose. Miller High Life, really, it's an interesting brand that it taps into depending on where you live regionally in the country. It means different things to different people.
Matt Britton
Sure.
Brad Feinberg
So it can mean this kind of more urban dive bar y type of feel to it in some markets. But also it's got a really strong rural and suburban appeal as well. It kind of fits a lot of different interests and needs. And it's just a really great legacy heritage type brand. And I think we're fortunate to have someone like Teddy Swims kind of to partner with, to kind of bring it to life in the areas that are overlap with us.
Matt Britton
Yeah. Another interesting partnership that you put together is with Touch Tunes.
Brad Feinberg
Yeah.
Matt Britton
Which is kind of like a modern age jukebox. It is in bars and I thought that was interesting. Kind of popped out. Tell us about that one too.
Brad Feinberg
Yeah. I mean, again, on premise is a huge part of our business where we sell a lot of our products in and around bars and restaurants. So to your point, it's a modern Day jukebox is the best way to describe it. What's unique about it, though, it has the opportunity to do advertising opportunities within the platform so we can buy ads in and around as individuals are selecting the music they want to play. Kind of those like those tunes that are available in those individual bars, as well as the fact that we can give away opportunities through promotions and other ways where we can give people credits to also, like play music in bars. And it becomes kind of a beer is a communal type of beverage.
Matt Britton
Right.
Brad Feinberg
And it is done usually to celebrate occasions or spend times with friends and get together with colleagues, et cetera. And touchstones kind of sits as like kind of that backdrop in those occasions in those bars and restaurants that have the access to that. And music plays a big role. So tying those two things together, making people feel great when they're having those experiences and ensuring that our brands can be a part of it and maybe stand out kind of is why something like that comes to life very well.
Matt Britton
So you'd mentioned earlier that Miller High Life is sort of the brand has a different ethos in different markets. And obviously that speaks to customization and personalization. And one thing that AI I believe will be unlocking is the ability for you to have a multitude of messages based upon consumer signals.
Brad Feinberg
Sure.
Matt Britton
How is your company looking at personalization in that realm?
Brad Feinberg
We're very much tip of the spear just trying to build and think through all the use cases for building personalization through artificial intelligence or some creative platform that allows us to do that. We do personalization, though, today in absent of AI, where we think it makes sense. And beer is very local. And a lot of our partnerships, especially in the areas of sports and music, are very local extensions of a brand. And so, for example, if you're Miller Lite and you're in the Dallas Fort Worth area, like Miller Light is the official bear of the Dallas Cowboys. So we do a lot of localized messaging and advertising, whether it's digital or what you see on shelf at retail through like some type of point of sale with Dallas Cowboys imagery or out of home advertising in around in the fall run during football season. And so that's one way to create personalization, is kind of connecting the dots for the fan, like our association with that and kind of borrowing or drafting off the equity of the fan base. And we do that with teams in many markets across the country. We do the same in the music world, too. We have partnerships with big festivals like Jazz Fest or Austin City Limits, and we've done customized packaging where we'll do primary packaging with some of the kind of markers of those individual events as well. And those things become kind of resonate with consumers that are attending the events or maybe weren't able to attend the event, but want to be somehow kind of affiliated with it. And those go over really well. We did a promotion with Luke Combs, another big country music star for Miller Lite. And on that we did a partnership with him where we actually put some that we created a customer Miller, like can with him with his image. I'm in. That's a form of personalization, though. It's not one to one personalization. I describe that as one to many. Right. Kind of like tapping into a attitude, behavior or interest of a consumer. I do think the next level in personalization is more of that one to one. But the line is where one to one is can create value in terms of them when it can be creepy. Right. And so avoiding the creepiness of one to one the risk that all marketers need to kind of understand where that line is and ensure that you don't cross over it, because that's where consumers, you add risk to your brand and I think you kind of potentially dissuade consumers when you get there.
Matt Britton
Nobody wants to feel like they're being watched.
Brad Feinberg
Exactly. Yes.
Matt Britton
So there's obviously a blurring of the lines between what is advertising, what is content, and when you're in a platform, let's say like TikTok or say Instagram Reels, traditional advertising just doesn't work. That's when you feel native to the platform, it's better. What are some of the types of content that you guys have created? And you've mentioned obviously these stars, which sure make it easier. Like what types of content does work with your audience? What are they looking for?
Brad Feinberg
Yeah, I mean, we try to adhere to the best practices of the platform. So we work really closely with our social media partners or even some of our other like entertainment partners as well, to look for ways at which like our brand show up in a way that feels inherent to what are the best practices to drive our messaging on the platform. So a lot of shorts and we've done a really nice job most recently in Meta's reels product as well. And we're creating, I would say less polished type of advertising, but still really heavily branded opportunities that hopefully are entertaining to consumers and then drive some value to them when they're thinking about our category and our brands. And so there's no one way to do that. I don't think and it's highly dependent on the brand. We launched a new brand this year really targeted to that younger legal drinking age consumer, that 21 to 24 year old primarily brand called Happy Thursday. It was born out of an insight from social media, interestingly in which you saw on social media consumers right through user generated content were taking foaming wands to their hard seltzers to to take the carbonation out of them. Interesting because the carbonation can bloat you or you get full faster drinking with carbonation and people are looking for a beverage like that but without the carbonation. Also known as like a refresher, kind of like what Starbucks created. And so we took that insight from social media and we created a brand called Happy Thursday which was designed as a non carbonated flavor forward refresher and flavors. That audience would be things like Dragon Fruit and other flavors that you would expect to see in that kind of genre. And that's an example where social media can actually be an inspiration for brands in terms of the types of products they create and then as we go back to market in terms of promoting them, really tapping into some of those culture cues or opportunities that are reflective of those particular audiences.
Matt Britton
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Brad Feinberg
Correct.
Matt Britton
Right. So somebody somewhere at your organization had to hurt it and then actually took the baton and ran it all the way through. How did that come about?
Brad Feinberg
And yeah, no, I would say we have a world class innovation team. Right. That are always looking into what's going on in culture, trying to really see what is next on the horizon. Even looking at things that are maybe a year or two years out so that we can kind of get into the development slate on them. And so they're looking at all forms of inspiration, social media and how consumers behave on these platforms and the types of things that they're posting or what flavors or products that they may be interested in, maybe in adjacent categories are become inspiration for research and development and product development in the future.
Matt Britton
Very cool. So you mentioned earlier on premise versus on premise. And for those the audience that don't know, on premise essentially means like a bar. Correct. Off premise means like a beer or a liquor store or you know, a convenience store where they sell grocery store. Yeah, exactly. How has that shift evolved over time? Obviously during COVID there was really not much on premise at all in terms of the consumption habits of the consumer.
Brad Feinberg
I think it's dependent on the type of consumer. For sure. During COVID when all the bars and restaurants closed down, everything went to off premise. And in fact it opened the door to E commerce as well. And bars and restaurants in some states also like they updated legislation in which those bars can actually sell alcohol to delivery.
Matt Britton
Right.
Brad Feinberg
Takeout delivery, which was always a prohibited prior. And some of those laws and kind of changes in legislation have stuck. Since COVID that behavior has kind of already become more widespread. And so I would say it is a combination of the occasion. I think bars and restaurants will always play a meaningful role in our category, especially as a source of discovery for consumers on new brands. Blue Moon is one of our brands. Blue moon was born 25 years ago. It started as a brand that the long story short of it was that was a brand that was only offered at Coors Field. It became very popular. It was invented actually in Coors as part of a Coors Field beer called the Belly Slide. And then we started bringing it to the on premise in and around Denver and Colorado. It was garnished with an orange. It was at the time very unusual to garnish a beer with an orange wedge. And that became the bar call and people started to notice the brand and so on premise born and discovered in the on premise and then now obviously it's materialized into the off premise channel as well. But a lot of brands like in our category it's very easy for a someone you see like the craft beer category in particular, you see what on tap. You kind of want to try something new, very low risks to get one pint of beer and try something that you may not have heard of like in an on premise account. And if you love it you'll kind of will go seek it out an off premise channel like a grocery or liquor store. And that's still true to this day. But I would say there's definitely more volume because we sell a lot more pack sizes, et cetera on off premise channels like grocery or big shopper club like stores. But that being said on premise still a very important segment of how we sell.
Matt Britton
Yeah. Another important shift we've seen in recent years is just more interest in healthy alternatives or non alcoholic.
Brad Feinberg
Yeah.
Matt Britton
In your space what are some of your plans and innovations in that? There's even cannabis and THC infused beer as well. Enough Coors plays in that space. But a lot of we don't. You don't. Yeah. But a lot of large companies are looking at it right now as well as it becomes more legalized across.
Brad Feinberg
Yeah. No, it's definitely something again. Our innovation team I think is always looking for what ways to meet consumers needs. And so Non Elk is something that is becoming more and more mainstream and available and more prominent. I would argue it's different in consumers tastes like not everyone wants to go out and drink beer with alcohol in it. And so we launched like a blue moon 00 this year for the first time to taste as great as a blue moon but without the alcohol. We have Peroni 00 as well competing in that space. And Coors Edge is another one. All non Elk beer brands that I think are continue to grow in terms of you look at the category, still grow a lot of share in the category. When people are looking out for alternatives, when they go out with their friends, they don't want to drink but they want to be part of the occasion. They'll look at that. And then on the other side there's the non alcoholic spirit side where you see more and more alcohol free options that try to mimic the kind of experience of drinking a cocktail.
Matt Britton
Yeah.
Brad Feinberg
And that's definitely a space by which we have a lot of interest in.
Matt Britton
Yeah, I mean, I'm sure you're from a liquid death. I mean, what they've done is amazing. So it's water. It's water, but it looks like a.
Brad Feinberg
And that's great marketing.
Matt Britton
Yeah.
Brad Feinberg
You got to give them credit for that.
Matt Britton
Yeah. I mean, packaging matters a lot, especially when you talk about craft beers.
Brad Feinberg
Why would somebody try it?
Matt Britton
Is they're like, oh, that looks interesting. The package on her name.
Brad Feinberg
Yeah, yeah, Correct.
Matt Britton
Which is really interesting. So let's shift gears here. Brad, to you as we wrap up here. You've been working at Molson Coors for 15 years. You started as a senior media manager. Probably feels like lifetimes ago. And you've stayed there and kind of worked your way up to change. How have you evolved as a professional to basically be able to keep pace and continue to elevate your role and stature at a company like Molson Coors?
Brad Feinberg
Yeah, I would say I have a huge appetite for curiosity. Right. And I like to expose myself to a lot of different types of things that are going on in the industry in my category or other categories to inspire things that we can do. And so I've been fortunate in my tenure at Molson Coors where I've been able to look at the outside, see what others are doing, or see where marketing is going and bring that back to the company and be able to go to our leadership and say, hey, I'm noticing a sizable shift in big companies such as ours or building in house creative agencies. And I built a whole business case about building in house creative agency and had the leadership say, go do it. Go build us an in house creative agency. Or I said, data is going to be really the way at which we kind of function as an organization in the future. And we need to kind of hone in on what our data strategy is. And really if big CPG companies are a bit late to the game in general in terms of like having first party data, you know, we're not a subscription based service. We don't have like third party. We're not a CSC brand. We're not like, we don't have those kind of like baked in solutions. And so I said we need to really kind of invent what first party data, what data strategy means for a company such as ours. And we have thousands of touch points with consumers. How are we not kind of like looking for ways and huge fans of our brands? I mean, people. People put tattoos of our logos on their bodies. Right. So they're so they love our brand? No, I do.
Matt Britton
Okay.
Brad Feinberg
But people do. I've seen that we are live.
Matt Britton
So I could ask right now, but we're not going to.
Brad Feinberg
Yes, but I would say that like, so I said, here's what we need to build a first party data strategy. Here's the structure. I need, the team, I need dedicated to do that. And I've been fortunate enough to have leadership say, all right, go do that, go build that. So that to me is where having like leadership that really understands what you bring to the table and very open with the right support for it really kind of gives you the opportunity to do that. And that obviously is why I've been able to grow in my career.
Matt Britton
And a lot of what you talked about is really predicated on you having your ear to the ground. Terms of what's happening with your category in the industry. What are some of the ways that you do that?
Brad Feinberg
I know a lot of people. Industry I'm very connected to. I like to meet people. I've gone to a lot of industry dinners where I don't know anyone else around the table, but I'll sit there and kind of introduce myself and meet people and kind of hear what they are doing. One of the benefits of being in kind of a media role too is that you're connected with all these different media companies and, and they're inviting you to everything. They know me, I know them. So they introduce me to people and I get to people. I participate in industry trade groups. I like the ANA and the mma. And so those also open up the opportunity and door for me to kind of hear what others are doing. So that gives me a kind of like that what you describes, like kind of my ear to the ground to understand what's available.
Matt Britton
Very cool. So to wrap up here, is there a saying or mantra you like to live by breath career?
Brad Feinberg
It's a good question. I wouldn't say a mantra, but there's like a quote that I've heard and I honestly don't know who it was attributed to, but I keep like a list of quotes in my notes on my phone. That's cool. And one of them was, marketing is not a science. It's an art that sells, which I really love that idea of. Even though I'm very much on the science side of marketing, one of the things that always attracted me to this industry from the start was the art part of it. And so you can't science everything into marketing. There really is the art piece of it. And I truly believe that. And it's how you bring those things together that becomes the magic of what we do. Yeah.
Matt Britton
I mean, we are emotional being. We're not always rational and we're buying things that are more expensive than others because we feel some type of emotional connection. And emotion is driven through art. It's not always driven through science.
Brad Feinberg
Yes, that's right. Yeah.
Matt Britton
So couldn't agree more. I want to thank you for taking the time here during a busy media week in New York to join us. It was a great conversation. I can't wait for our listeners to hear it.
Brad Feinberg
Thank you.
Matt Britton
Absolutely. On behalf of Susie and Adwee team, thanks again the Brad Feinberg, the North American VP of Media and Consumer Engagement at Molson Cores, for joining us today. Be sure to subscribe, rate and review the Speed of Culture podcast on your favorite podcast platform. Till next time. See you soon, everyone. Take care. The Speed of Culture is brought to you by Susie as part of the Ad Week Podcast Network and Agues Creator Network. You can listen subscribe to all Adweeks podcasts by visiting adweek.com podcasts to find out more about Suzy, head to suzie.com and make sure to search for the Speed of Culture in Apple Podcasts, Spotify, or anywhere else Podcasts are found. Click follow so you don't miss out on any future episodes. On behalf of the team here at Suzy, thanks for listening. If you're looking for flexible workouts, Peloton's got you covered. Summer runs or playoff season meditations? Whatever your vibe, Peloton has thousands of classes built to push you. We know how life goes. New father, new routines, new locations. What matters is that you have something there to adapt with you whether you need a challenge or rest. And Peloton has everything you need whenever you need it. Find your push. Find your power peloton. Visit onepeleton.com and now a next level moment from AT and T Business. Say you've sent out a gigantic shipment of pillows and they need to be there in time for International Sleep day. You've got ATT 5G so you're fully confident, but the vendor isn't responding and International Sleep Day is tomorrow. Luckily, AT&T5G lets you deal with any issues with ease, so the pillows will get delivered and everyone can sleep soundly, especially you. AT&T 5G requires a compatible plan and device. 5G is not available everywhere. Catt.com 5G for you for details.
Podcast Summary: The Speed of Culture Podcast – "How Molson Coors Balances Tradition and Innovation to Stay Ahead with Brad Feinberg"
Release Date: December 12, 2024
Host: Matt Britton, Founder and CEO of Suzy
Guest: Brad Feinberg, North American VP of Media and Consumer Engagement at Molson Coors
In this insightful episode of The Speed of Culture Podcast, host Matt Britton engages in a deep conversation with Brad Feinberg, the North American Vice President of Media and Consumer Engagement at Molson Coors. Brad shares his extensive experience in leading transformative initiatives for iconic beverage brands like Coors Light and Miller High Life. The discussion revolves around how Molson Coors navigates the delicate balance between upholding tradition and embracing innovation to stay relevant in a rapidly evolving cultural landscape.
Brad Feinberg opens the discussion by highlighting the significant changes in media consumption, especially among younger demographics.
Brad Feinberg [02:09]: "We look at where consumers are spending their time... they're not spending as much time in front of a linear TV cable TV channel as they often were."
He emphasizes the decline of traditional linear TV viewership and the necessity for brands to adapt their media strategies accordingly. The focus shifts to understanding where the next generation of legal drinking age consumers, particularly Gen Z, are engaging.
Key Points:
The conversation delves into the significance of the creator economy in Molson Coors' marketing strategy. Feinberg discusses the company's approach to leveraging partnerships with celebrities and influencers to resonate with Gen Z.
Brad Feinberg [05:41]: "It's an evolving approach and strategy for our business... We have partnerships with celebrities, especially in the area of music and sports, where I would describe them more as tastemakers, more influencers than like creators."
Notable Partnerships:
Key Points:
Matt Britton probes the balance between utilizing data analytics and maintaining authentic connections in choosing brand ambassadors.
Brad Feinberg [07:09]: "I would say it takes a back seat to authenticity... You can't fake that."
While data plays a role in understanding audience overlaps and preferences, Feinberg stresses that genuine passion and authentic relationships with brand partners are crucial for successful collaborations.
Key Points:
The discussion shifts to content creation tailored to various social media platforms. Feinberg outlines how Molson Coors adapts its content to fit the unique dynamics of platforms like TikTok and Instagram Reels.
Brad Feinberg [14:22]: "We try to adhere to the best practices of the platform... creating less polished type of advertising, but still really heavily branded opportunities."
Strategies Employed:
Key Points:
Matt brings up the potential of AI in enhancing personalization within marketing efforts. Feinberg elaborates on Molson Coors' current and future initiatives in this realm.
Brad Feinberg [11:23]: "We're very much at the tip of the spear just trying to build and think through all the use cases for building personalization through artificial intelligence..."
Current Personalization Efforts:
Future Plans:
Key Points:
The conversation addresses the dynamics between on-premise (bars, restaurants) and off-premise (retail stores) sales, especially post-COVID.
Brad Feinberg [19:08]: "During COVID when all the bars and restaurants closed down, everything went to off premise... And now, there's a combination of occasion."
Insights:
Key Points:
Addressing the growing consumer demand for healthier and non-alcoholic options, Feinberg outlines Molson Coors' initiatives in this space.
Brad Feinberg [21:55]: "Non-alcoholic options are becoming more mainstream... We launched Blue Moon 00 this year for the first time to taste as great as a Blue Moon but without the alcohol."
Product Innovations:
Key Points:
As the episode nears its conclusion, Brad shares his professional journey and the strategies that have enabled him to excel in his role at Molson Coors.
Brad Feinberg [23:55]: "I have a huge appetite for curiosity... building a first-party data strategy for our companies' thousands of touch points with consumers."
Strategies for Professional Growth:
Key Points:
In his final remarks, Brad shares a favorite quote that encapsulates his philosophy on marketing.
Brad Feinberg [27:11]: "Marketing is not a science. It's an art that sells."
He emphasizes the blend of creativity and analytical thinking required to craft effective marketing strategies, highlighting the emotional connection that drives consumer behavior.
Key Points:
This episode of The Speed of Culture Podcast offers a comprehensive look into how Molson Coors strategically navigates the fast-paced cultural landscape by balancing traditional values with innovative marketing practices. Through authentic partnerships, personalized consumer engagement, and a keen understanding of evolving media trends, Brad Feinberg illustrates the company's commitment to staying ahead of the curve while maintaining its rich heritage.
Notable Quotes:
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Suzy is a market research platform that empowers brands to understand and engage with their audiences effectively. For more information, visit suzy.com.
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