Populations around the world are slowly starting to test a post-COVID daily routine that involves some form of work, school, shopping, and leisure. But the reopening of society has shown that the coronavirus is still a threat, as illustrated by the recent spikes in the number of cases in the U.S. and some other countries. […]
Archive | Innovation
Data-Driven Decision-Making
Licensing has become more data-driven over time, as the tools used to analyze sales and other information at a granular level improve, giving licensors and licensees insights into what is working and not working and enhancing the ability to tweak strategies quickly. Licensing executives have also increasingly been enhancing sales history with other more forward-looking […]
The People’s Choice
Licensees, and some licensors, turn to crowdfunding as a way to raise awareness for new products among their most loyal fans, test new products and features, and/or generate funding for new initiatives. Most recent campaigns have taken one of the following directions: • Using crowdfunding as an ongoing strategy for launching new products under an […]
New Dimensions in Footwear
3D printing has a lower profile as a consumer-facing licensing trend than it did a few years ago. But the technology continues strong behind the scenes, as a means to personalize products, implement unique designs, and achieve other goals. In many cases, consumers may not realize a given product is being created through this technique, […]
Fresh Foods
Licensors are always looking to innovate by capitalizing on opportunities to pair a property with a rising consumer trend. That process can be more involved in the food industry than in other categories. But a handful of current food and beverage trends—some of which have been around for a while—are starting to spur the development […]
Cashing in on Cryptocurrency
A handful of licensed properties are starting to enter the world of cryptocurrency, which consists of virtual “coins” enabled by blockchain technology. As with physical currency, consumers can utilize cryptocurrency to pay for things, or as an investment. Blockchain involves a decentralized digital ledger or database of transactions, ownership history, and/or other data associated with […]
Cultivating New Concepts
Licensors, licensees, and retailers have been launching incubator, accelerator, and crowdfunding-based innovation programs in an effort to find new ideas for properties and products that could succeed at retail and that they might not find through traditional means. The programs vary from one another in many ways. They begin at different stages of a property’s […]
Breaking New Ground
A handful of deals announced in the latter half of 2017—all focused on the food and beverage industry but involving different property types—illustrate some of the ways licensors and licensees can innovate, even in a very crowded landscape: Creating something brand new. In December, the Portland Trail Blazers paired with Brew Dr. for a special-edition […]
New and Different
The quest for a good fit between product and property—one of the most important criteria behind a successful licensing deal—can lead some licensors into untapped areas: Eclipse glasses. In time for this summer’s total solar eclipse, American Paper Optics, a maker of 3D glasses, partnered with Bill Nye the Science Guy for a limited-edition line […]
Sweet (?) Smell of Success
Long gone are the days when scented candles and home fragrances would fill a room solely with traditional aromas such as vanilla, lavender, strawberries, and sea breezes. Back in 2014, the distinct smell of foods, from a few rare instances of bacon to a wide range of baked goods, started taking hold in the industry, […]