Consumer brands are known for tapping bands or popular solo musicians to front their yet another short-term marketing stunt or to become their «brand ambassadors» as part of a longer term content marketing strategy. But does this yield some non-material benefits for brands beyond immediate sales figures? And does it influence artists’ musical careers beyond pouring some hard cold cash into their creative endeavors? 

There used to be a belief in the marketing circles, that millenials (consumer group aged 18-34 years old) don’t care much about personal finance and are rather unclear on their investment goals. Moreover, according to the recently unveiled Millennial Disruption Index, 33% of millenials don’t think that consumer banks, as we know them, will survive in the future.

Researchers behind the Nielsen Breakthrough Innovation Report for Europe 2014 have analyzed 12,000 FMCG product launches across Western Europe and revealed the trend that about 66% of those products never reached the sales volume of 10,000 items, while 76% of those new launches never survived the first year of their marketing lifecycle.