Ad agency in panic after introducing Dylan Mulvaney to Bud Light.
The Fallout from the Disastrous Business Relationship between Dylan Mulvaney and Bud Light
The disastrous business relationship between transgender influencer Dylan Mulvaney and Bud Light has caused chaos for the company that introduced them. According to a New York Post report, San Francisco-based marketing firm Captiv8 is in a “serious panic mode” due to the disastrous reception of Bud Light’s association with Mulvaney.
Captiv8’s Role in Influencer Marketing
Captiv8 specializes in “end to end influencer marketing,” helping major brands connect with influencers across social media to assist with advertising initiatives. While Captiv8 introduced Bud Light and Mulvaney, it’s unclear to what extent it was involved in the actual campaign that has proven so disastrous. Bud Light parent company Anheuser-Busch CEO Michel Doukeris vehemently opposes the idea that Captiv8 was heavily involved, insisting that it was just “one post.”
The Fallout for Captiv8
Regardless, being attached to the fierce backlash of the Mulvaney-Bud Light debacle was apparently enough to send the offices of Captiv8 into a tizzy. “Internally, the company was in serious panic mode,” an unnamed source told The Post. The source added that “a lot of chatter” was also taking place among employees about the potential ramifications of the torrid backlash.
It makes sense that Captiv8 was reportedly concerned during the onset of this catastrophe. Few, if any, advertising campaigns (or posts) have engendered the type of scorn and repulsion that Bud Light’s work with Mulvaney has. And it’s not just anecdotal backlash about untouched cases of Bud Light at concerts and baseball games. There are very real, very tangible consequences to this fiasco.
The Fallout for Anheuser-Busch
First, and perhaps most pressingly to Captiv8, both of the executives that were largely blamed for the disastrous decision have been put on leave. Alissa Heinerscheid, the marketing vice president who wanted to drastically alter the image of Bud Light, was put on a leave of absence in April. Another marketing VP, Daniel Blake, was reportedly placed on leave just days later.
Second, and perhaps most pressingly to Anheuser-Busch, the backlash to working with Mulvaney has had an indelible fiscal impact on the beer brewer. The most recent reports claim that Bud Light has lost a whopping $27 billion of dollars in market value since working with Mulvaney. The precipitous drop in sales has obviously harmed the Belgian beer company’s bottom line, and since it is a business, heads understandably had to roll.
As for Captiv8, while it’s unclear if the firm will ever acknowledge whatever role it may or may not have played in connecting Bud Light with Mulvaney, it appears the company’s employees, at the very least, understood the gravity of the situation.
In summary: The disastrous business relationship between Dylan Mulvaney and Bud Light has caused chaos for the company that introduced them. Captiv8, a San Francisco-based marketing firm, is in a “serious panic mode” due to the disastrous reception of Bud Light’s association with Mulvaney. The fallout has resulted in executives being put on leave and a whopping $27 billion loss in market value for Bud Light.
The fallout from the disastrous business relationship between transgender influencer Dylan Mulvaney and Bud Light continues as now reports have emerged that the company that introduced the two has devolved into chaos.
The post Ad Agency That Introduced Dylan Mulvaney to Bud Light Is in ‘Serious Panic Mode’: Report appeared first on The Western Journal.
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