Measuring the sponsorship value of The Open’s digital channels
As more fans become digital-first in how they consume sport, rights-holders’ digital channels are playing an increasingly important role in how they deliver value to sponsors.
To fully demonstrate the power of their sponsorship proposition, rights-holders need to report the value being delivered through digital channels (owned and third party), in addition to the value delivered by linear broadcast coverage.
The R&A has built a portfolio of international blue-chip brands (Patrons) who leverage the global appeal and prestige of The Open, golf’s original major, to achieve their commercial objectives.
However, The R&A didn’t have the mechanisms in place to measure and report the value delivered to its Patrons across its digital channels. As a result, it has historically been unable to demonstrate the total value delivered across its entire media footprint.
By introducing technologies that track digital engagement in real-time, Two Circles would be able to provide the tools required for The R&A to measure The Open’s total audience reach across the digital sphere, and use proprietary valuation models to accurately measure value delivered to brands.
The R&A asked Two Circles to introduce technologies that measured engagement of branded content across a mix of owned and third-party digital platforms, and use its proprietary valuation models to translate this into media value.
Two Circles used this to analyse how all branded content for Patrons of The 147th Open at Carnoustie performed on digital channels, and supplemented it with impact from broadcast coverage; this enabled The R&A – for the first time – to report the value it had delivered to The Open Patrons across all media channels.
This value was reported to Patrons individually, alongside Two Circles’ recommendations for where and how additional value could be delivered in the future, including opportunities to enhance reach and find new audiences ahead of The 148th Open at Royal Portrush.
As a result of the project, The R&A strengthened its existing Patron relationships through greater visibility and reporting of commercial value being delivered, and enhanced conversations with new potential Patrons by being able to show the additional value it could deliver through digital channels.
“Being able to measure and report the true value of the assets we deliver to our commercial partners is vital, particularly when fan consumption methods are changing so rapidly.
“Working with Two Circles has allowed us to better present the return our Patrons are getting on their investments and is helping to strengthen the value proposition of The Open to prospective partners.”
John Espley, Head of Commercial Partnerships, The R&A
- 26% Additional media value found for Patrons in 2018
- 7% Bigger audience size found for The Open in 2018
- 2 Live renewal discussions digital impact playing role in